ES Journal Archive (2006 - 2008)

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romik......one thing u stiill have is the smart mouth which reflects a bad attitude...sorry you can't recognize what is probably the best trading info u r going to find.....think about it...u have working on this stuff forever and still in the hole...take it or leave it....kiss is the answer..no scret codes ...just simple is as simple does...call the mods...getting very boring to watch u guys fall like dominoes....notice the ones falling have the smart mouthes, full of disrespect....
 
The tuesday and/or wednesday of option expiration week are typically the most volatile days of the month. ES has managed to grind down into some nice support, just missing it by a point or 2, but close enough to qualify. The er2 is is in the same boat. The structure on the er2 is much more clear. We are more in lines of a higher degree wave 4 pullback, for the which minimum has been achieved. We could now be putting in an ABC or continue to impulse higher to new highs. I myself am not convinced of this until I see a breakout above 814-815.

Alright... Here are the levels for today.

Minor S coming in at 1436 at the LSP

Minor R coming in at 1441.50-1442 (I expect to be tested and probably broken to the upside)

Main R 1444.25-1445.25

1448-1449.50

Main S 1432-1433

1423.50-1424.50
 

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813.50-814.50 is the KEY zone. If broken to the upside would be very bullish and confirm that the selloff was indeed a wave 4 pullback. I would like to see it test the zone and then start another leg down as a higher degree C wave.

Here are the levels for the er2..

I am expecting a range expansion day and probably an open in one range and close in the other.
 

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Thks guys, thats the beauty of trading with signals. Signals are a part of a strategy, they are not the whole.

A signal is NOT a system. We all know (or should know) whipsaws are normal and are to be expected. Some days (like ystrdy) signals are great and one is all you need. other days it is up to the individual to adjust the tactics as the battle unfolds.

jimmy bob jim bo is being quite naive to think my trading is all about on simple, single signal.

The only reason i posted ystrdy was for sprector 007 to get a grip on self and not use a ES journal as a simple time question thread. The intention was to merely show that indeed some days things can be o so sweet.jimmy joe bob ray, have a beer and relax. :)

If anyone out there thinks there will ever be trading without losses they are sadly mistaken. and remember this guys like me and others do not need to come in and make attempts to help others. i sell nothing . thks, good luck guys

PS.....and a word about the signal itself... if Jimmy-sue-bubba-bootsie had any memory ayt all he would remember that the signal is an "opening signal". jimsue get your facts straight. :D
 
Just a brief recap of my post from friday...

Based on dailys, at best we are in the middle of a very sloppy dn/up/dn period. By itself, suggestive of whipsaw action.


Play what you see,
Osorico :)
 
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