ES Journal Archive (2006 - 2008)

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+6 = 1443.25
-6 = 1440.25

FWIW, if mkt gets in whipsaw mode early, it is best to revert to let first hour pass and consider taking the first hours range breakout trade. Wise men adjust to conditions. have fun
 
ER2 in the middle of the key zone! Any confirmed breakout above will sustain a large move to the upside. I am getting short here.

Both ER2 and ES trading at main resistance zones right at the key reversal timing. I cant pass up an oppurtunity like this.
 
Quote from apex82:

ER2 in the middle of the key zone! Any confirmed breakout above will sustain a large move to the upside. I am getting short here.

Both ER2 and ES trading at main resistance zones right at the key reversal timing. I cant pass up an oppurtunity like this.
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Possibly one last move to new highs out of this 812 area to 815.50. Any move above that and we are looking for a sustained breakout.
 
Quote from ryank:

I've kept an eye on his method (but didn't take notes like you did, great job!) and have come to the same conclusion. Might be better to fade than to follow the "breakout".
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yeah, i noticed you wanted to take his trades so that's why i started the analysis, all i really need was a few data points to tell me what was happening with this sytem.

you're going to need some kind of confirming indicator, like a fast stochastic or something, to let you know if you can fade the trend or not, or maybe a divergence indicator, i'm not sure, you'll have to experiment and keep good notes on a daily basis to determine how the previous day's price action worked in the context of the method.

for example: for the last couple of days (fri and mon) the method has actually worked as proscribed, so i think today it's a pretty good fade.

good luck,

JJ
 

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