ES Journal Archive (2006 - 2008)

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Quote from apex82:

Just an update on what I am looking at for tomorrow. Market found a bottom today at a major S zone from the daily. The key zones for tomorrow are the 1393-1393.50 area and the 1396.50 area. I would exit all longs if I were you there. I will be shorting these with a 1.5 pt stop. If these zones are broken we will definately retest the highs from 2 days ago if not move higher. Profit targets will be 78.6 of B wave, retest of todays lows and holding runners for a 20pt+ move with a breakeven stop. Basically, at minimum, risk 1.5 to make 8 scenario. Dont front run me either :)

Stopped out on both trades. You cant win em all. As stated before, if broken through would expect a continued move to the upside which it is demonstaring. My analysis is showinig currently in wave 3 and would expect a pullback here at 1401 area or most likely 1404 for a buy in the 1396-1394 area.
 

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Quote from Buy1Sell2:

Just rolled out of bed --sorry I didn't answer til now. You are very observant. I don't use the 15 at all any more. The 10, 60 240 daily, weekly monthly are my charts. I will also look at the 2 but just as confirmation. No trades are made on the 2, they are made on the 10.

I see. What made you switch to 10? BRD on daily obviously did not shake your bullish confidence, yet.
 
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