ES Journal Archive (2006 - 2008)

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B1S2,

What impressed me is you explained some of what you do and how you do it. Rules, etc. More so than most ever do. Won't be of help to me, but very refreshing. Have a great trading career. George
 
Quote from Buy1Sell2:

I wanted to post a chart here of hourly ES. This chart would be a continuation of the hourly chart Thursday where I posted a double bottom hourly chart. The posting of this chart is designed so that you can see where I failed to read the chart correctly Fri and what should have been done. Note: there is a bullish divergence in Histogram at the close Fri although the shape of the second trough in Histogram is not of the greatest shape or a small as I would like. In any case, if you would be long on this divergence, the stop would be placed just below the low Fri and that's the key to trading anyway right? (Keeping losses small).
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have you considered the 240? Also, weekly does not look too healthy for longs, so I don't have confidence in the long signal on hourly chart due to lack of upside range IMO. I believe ES weekly will look almost identical to the attached SPX.
 

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US Political, Economic Calendar - Week Ahead

All dates are in ET Time.


Monday, January 8, 2007
ET/GMT Expected Previous
1245/1745 Fed Vice Chmn Kohn speaks on the
economic outlook at the Rotary Club in
Atlanta
1500/2000 Nov Consumer Credit +$3.0B -$1.2B
1500/2000 Dec Tsy STRIPS
N/A Pres Bush, EU Commission Pres Barroso
meet in Washington

Tuesday, January 9, 2007
ET/GMT Expected Previous
0745/1245 Jan 6 ICSC Chain Store Sales +0.3%
0855/1355 Jan 6 Redbook Retail Sales Index -1.4%
1700/2200 Jan 7 ABC/Washington Post Consumer Confidence -3
Index

Wednesday, January 10, 2007
ET/GMT Expected Previous
0700/1200 Jan 5 MBA Refinancing Index +2.2%
0830/1330 Nov US Trade Deficit $59.8B $58.9B
0830/1330 NY Fed briefing on regional economy in
New York
1000/1500 Nov Wholesale Trade +0.4% +0.8%
1030/1530 Jan 5 US Energy Dept Crude Oil Stocks (in -1.3M
barrels)
1030/1530 Jan 5 US Energy Dept Distillate Stocks (in +2M
barrels)
1030/1530 Jan 5 US Energy Dept Gasoline Stocks (in +5.6M
barrels)
1130/1630 Chicago Fed Pres Moskow speas on the
economic outlook at the Corridor
Business Journal's annual luncheon in
Coralville, Iowa
N/A Pres Bush gives speech on Iraq plans

Thursday, January 11, 2007
ET/GMT Expected Previous
0800/1300 NY Fed Pres Geithner speaks on the
global econ and its implications for
the U.S. at Council Of Foreign
Relations roundtable in New York
0830/1330 Jan 6 Jobless Claims -11K +10K
1000/1500 Dec 30 DJ-BTMU Business Barometer -0.1%
1015/1515 Fed Gov Bies speaks on risk management
at the National Credit Union
Administration's risk mitigation summit
in Washington
1030/1530 Jan 5 US Energy Dept Natural Gas Stocks (in -47
billion cubic feet)
1400/1900 Dec Tsy Budget Statement -$75.62B
1630/2130 Money Supply

Friday, January 12, 2007
ET/GMT Expected Previous
0830/1330 Dec Retail & Food Sales +0.7% +1.0%
0830/1330 Dec Retail & Food Sales, ex-autos +0.5% +1.1%
0830/1330 Dec Import Prices +0.7% +0.2%
1000/1500 Nov Business Inventories +0.4% +0.4%
1400/1900 Bond markets close early ahead of
Martin Luther King holiday
 
Quote from Buy1Sell2:

Totally flat now in ES. No futures positions --no options positions.

Initiating long here at 1419.25 stop 1409.25.
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Reversed and short at 1415.00 Same position size. 4.25 pt loss. Stop 1446.00
 
Quote from romik:

What made you consider going short B1? maybe a chart if you have time.
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Basically the same things that we talked of on the daily chart. Market should have been shorted on a swing trade at 1433.75. The problem is that I get caught up trying these short term charts and lose focus of the daily. I expect more upside soon, but I should have made this short swing the other day. Now I am selling much lower than I needed to , but I need this trade to get me back in the "swing" whether it's a win or a loss. --and get me away from the short term charts which are mostly noise.
 

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Quote from Buy1Sell2:

... I expect more upside soon, but I should have made this short swing the other day. Now I am selling much lower than I needed to , but I need this trade to get me back in the "swing" whether it's a win or a loss. --and get me away from the short term charts which are mostly noise.
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I don't get it. You expect upside soon, but yet you take a positional short now. Why not wait for the upswing, then initiate the short?
 
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