ES Journal Archive (2006 - 2008)

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Quote from JimmyJam:

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may-or-maynot make it there by the end of the day, so I'll just sit and wait (great quality for traders to develop, I "see" B1S2 doing it all-the-time).
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JJ
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Not dinging you or B1S2, but that "sit and wait" quality, in context of your post, has shades of "hold and hope", imo...

Remember, B1S2 is (mostly) a positiion trader... He will sit and wait with a position for days/weeks/months.

Whatever works for you :D

Cheers :)
 
Here's how I see price action playing out.

We're forming a pattern for a Classic Reverse Head & Shoulders right now in the ES, the main impetus for the up move is going to come from the Shorts when they realize that the market isn't going to continue falling.

That, combined with the eager buyers (who missed their chance to buy at support) is going to rachet this baby back to the session highs (and beyond).

JJ
 

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Here's how I see price action playing out.

We're forming a pattern for a Classic Head & Shoulders right now in the ES, the main impetus for the down move is going to come from the longs when they realize that the market isn't going to rebound back today.

That, combined with the overly eager buyers (who thought missed their chance to buy at support) is going to drop this baby back to the session lows.




:p
 
As posted previously ZBH7 goes exactly to 110-28 key yield Resistance. Prices will make another move after this to a key level.
 
15m is/was a classic, pedantic, bear flag.... steep drop (with volume), followed by slight uptrend (with light volume). The break of 1456.50 (the lower flag trendline) would have been the pedantic entry. Bounces here are viewed as merely reactionary, unless/until the flag high at 1459 is taken out.

Me sees lod retest and possibly fresh lod.
Simialr on YM and NQ. ER2 is still intact

Play what you see
Osorico :)
 
Nah, too many bears thinking this is the move.

This pattern has so much upside potential, I'm just going to have to hold it through tomorow's trading session.

Note: Original entry never went negative after achieving 2pt ES breakeven.

Good trading,

JJ
 
Quote from wareco:

Here's how I see price action playing out.

We're forming a pattern for a Classic Head & Shoulders right now in the ES, the main impetus for the down move is going to come from the longs when they realize that the market isn't going to rebound back today.

That, combined with the overly eager buyers (who thought missed their chance to buy at support) is going to drop this baby back to the session lows.




:p
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LOL, "Imitation is the sincerest form of flattery", but your patterns are all wrong. Stick around and you're bound to learn some-thing from some-one.

Good trading,

Jimmy Jam
 
Quote from fearless9:

Bugger being right that JJ.

Either your bottom line is up according to plan or it is not.
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Jimmy Jam’s Trading Plan (2/22/07)

1. Enter Short @ 1461.50, Close Short for profit of 6pts ES.
2. Enter Long @ 1454.50, leave protective stop in place, go get lunch.
3. Get lunch at local Dominican dinner consisting of stewed chicken, plantains, rice and beans and orange juice. Get coffee and bring back to apt. Hold Long through tedious afternoon session, listening to jams from Linkin Park, Red Hot Chili Peppers, Lacuna Coil and Justin Timberlake. Chatted on internet with trading buddies discussing various market setups. :p
4. Cover morning session Long @ 1457.50 for 3.00+pts of profit ES, expecting more upside in early morning session, but tomorrow's another day.
5. Total profits ES of 9pts on very difficult trading day.

Yeah O, I been hop’in to reach this level for a long time. :cool:

Good trading,

Jimmy Jam
 
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