ES Journal Archive (2006 - 2008)

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Quote from apex82:

Here are the levels for the day. The first 2 S zones are minor support. Which consists of a zone from 1424.75-1422.75 The main resistance is just above the market 1429-1431. Mondays before FOMC are typically range reduction days. That will be the plan for today. If the market can get down to minor support within first 15-30 min of open it increases odds that it will test and run up to first resistance, possibly double top and then get a possible retest of fridays low. If it does not test Minor S soon after the open and instead runs up to first resistance it severly decreases the odds of minor S holding and will expect a retest of Fridays low.

Good trading, be careful as most likely choppy today.
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32, 30,28



stairstepping down on shorter chart of lower highs.

Right now on cash we are sitting at 50% retracement and right near the 20 day ema.
 
He posted it a while back about taking profits after 6 points . Through my analysis the majority of chop days will stay around a 6 point range so he has a valid point.
 
Quote from volente_00:

There are days it does not work, but how many 18 points days do we get in a month ? The majority of swings will be between 6 and 10 intraday. You must always apply strict discipline when trading.
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Wise words of wisdom from the V man.
Play by the book or don't play at all.

That 18 pt. day wasn't wholly unexpected. My question to you all is what Color was last Thurs. and what color was last week. Here's a clue:

www.deltasociety.com/

What color is today?

Could we be in for another 18 pt day?

10:15

When time and levels coincide a run or a reversal is in the making.

Apex what charting software do you utilize? Is that Ensign?

Thank you Boybrutus.
 
Quote from apex82:

I am using tradestation for charting. If this 1431.50 holds, could have nice bounce at 1426. [/QUOTE

cancel buy, missed buy zone by a point and now retest R1. As said before, expecting choppy range reduction day. Well see if anything sets up for afternoon session.
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