ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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b1s2 on Jan 29 you wrote this but nobody asked you why.
Could you tell us ?
Thanks.
OK. I'm normally good at coming up with levels, but I'm a little stumped here.
Does anyone have any ideas as to where to expect support below 1442 but above 1434 ?
With whips from 1446 to 1423 back up to 1446, I kind of have the whole 34-42 area as this weird "no mans land" for price action.
Does anyone have any ideas as to where to expect support below 1442 but above 1434 ?
With whips from 1446 to 1423 back up to 1446, I kind of have the whole 34-42 area as this weird "no mans land" for price action.
New trader here.
simple system: I look at s/r on several time frames each day. I adjust them as the trading day passes. what I look for are price outside of boll. bands. confirmed by rsi ob/os beyond res/supp. I wait for price to return inside bb then i trade that direction.
screwed up today...was short had a$100 profit thougt I closed (bought ) instead 30 minutes later I realized I had shorted two more contractsl.
In the words of that Simpson guy...DOH!!!
-$300 today
any comments/suggstions about my trading method?
simple system: I look at s/r on several time frames each day. I adjust them as the trading day passes. what I look for are price outside of boll. bands. confirmed by rsi ob/os beyond res/supp. I wait for price to return inside bb then i trade that direction.
screwed up today...was short had a$100 profit thougt I closed (bought ) instead 30 minutes later I realized I had shorted two more contractsl.
In the words of that Simpson guy...DOH!!!
-$300 today
any comments/suggstions about my trading method?
i trade the e mini sp does anybody want to be on AIM. to bounce ideas off each other?
you guys are having a lot of fun...keep it up...protect your money.....if you can't make demo money never lay real money on the line....never.....if you don't have the discipline to trade one contract you won't do better with more contracts, only worse....1 is more difficult, takes real discipline as you see the big money float by you...the woulda shoulda coulda syndrome ..is working as u trade 1 contract learning process..........as you prepare to move up to multiple contracts....ES all the way....if u think that is gibberish save your money...
I agree but disagree. If one is trading at least 2 contracts then they can always sell 1 and lock in profit and move the stop to break even and let it run if they are right about the move in a longer time frame.
watch 1450 area if the most recent lows of yesterday are not taken out. Possible lower level 5 wave completing there which could bring it back down to the 1433 area for a MINIMUM target. Cyclic pattern for market to rally into employment report and then decline the following week. Watch the last half hour or so to watch for the smart money move in the afternoon. If you see a big move in the last 15 minutes, even 15 after the standard close to the upside very high odds of a gap to the upside tomorrow. Also watch 1437.50-1435.50 for possible support below the market.
For the Er2 traders, really nice Resistance zone in the 810-812 area. It will not be broken today.
For the Er2 traders, really nice Resistance zone in the 810-812 area. It will not be broken today.
window dressing
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