ES Journal Archive (2006 - 2008)

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Quote from z32000:

Just out of curiousity Keeper, when a member says "Long @ 1446".... does that mean, you are not in the market until it hit's 1446 and then from this point on you go long? or does it mean, you are already in the market until it reaches 1446?
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I mean already in the market, target exit is @ 1448
 
ES vertical drop as expected and hit support zone 1 to the exact tick as noted in the chart and bounced 3.5 points. This could be the LOD... I highlly doubt it due to the momentum of this downdraft. I am waiting to buy 1430-1431. I am exiting most shorts and am careful on the short side here though.

If we break 1429 today.... look out...
 
Quote from Keeper:

Profit target missed by 1 tick, max loss -4 points, embarrasing.
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To be quite honest with you Keeper.

THE ES IS RANDOM AS HELL.

It's an account killer if ever there was one. Too many agendas and 1pt plays with multi-100's of contracts. That's why I use the YM and NQ to support all of my ES trades and I can't just take signals off of it by itself.

I wouldn't use inverted loss and profit targets either, but to each his/her own.
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Glad it worked for you '81 Packer, you effectively called a short-term top there (not something I can do with any consistency). Hopefully you got more than 3 or 4 pts there, or will look to Short again (or Long if you dig doing the reversal thing).
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I find that it's easier to trade with the trend, so I'll look to get Short on any retrace to the 1444.00 area, but as far as I am concerned the trend is now DOWN.

Good trading,

JJ
 
Guys, FTSE & DAX have been declining 20 minutes prior to the slide, when both ES & NQ were misleading us by rising, Europe has pointed to continuation again later in the session, by beating ES & NQ time wise. Makes sense in a way, Germans are very eager to beat everyone to the best sunny spot on the beach, why should their ego stop there?
 
Quote from JimmyJam:

To be quite honest with you Keeper.

THE ES IS RANDOM AS HELL.

It's an account killer if ever there was one. Too many agendas and 1pt plays with multi-100's of contracts. That's why I use the YM and NQ to support all of my ES trades and I can't just take signals off of it by itself.

I wouldn't use inverted loss and profit targets either, but to each his/her own.
***
Glad it worked for you '81 Packer, you effectively called a short-term top there (not something I can do with any consistency). Hopefully you got more than 3 or 4 pts there, or will look to Short again (or Long if you dig doing the reversal thing).
***
I find that it's easier to trade with the trend, so I'll look to get Short on any retrace to the 1444.00 area, but as far as I am concerned the trend is now DOWN.

Good trading,

JJ
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Far be it from me to say, but I think 40-44 area is WAY TOO OBVIOUS. Could be a trap for shorts, if it gets there. Im speaking from an intraday basis, not any longer.

Good luck
Osorico :)
 
Quote from osorico:

Far be it from me to say, but I think 40-44 area is WAY TOO OBVIOUS. Could be a trap for shorts, if it gets there. Im speaking from an intraday basis, not any longer.

Good luck
Osorico :)
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Based on your analysis, you're probably right.

But what I saw is more in-line with how romik called it, NQ and ES giving a headfake with no confirmation from the YM.

In this case the DAX and FTSE were also showing the true trend (I'll have to pull'em up and see if it's consistent ...)

JJ
 
did anyone consider the housing report that came out at 10:00am? Nobody here seems to have mentioned it. I read it from another thread.
 
Quote from z32000:

did anyone consider the housing report that came out at 10:00am? Nobody here seems to have mentioned it. I read it from another thread.
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that`s exactly what it was......perfect catalyst for the sell we should`ve had friday.
someone had that # ahead of time.....or that # was released prematurely & many had the head start.when the selling begins,they don`t let you in.
 
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