ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from volente_00:

Morning JJ,

Making any money ?



:)
More...

LOL, hey Vol.

These guys are sitting on a goldmine with B1S2 here, and they just don't even know it. He makes trading look like an artform, which at a certain level, I guess it is. :cool:

See you at the Open,

Jimmy
 
For the Oscar groupies:

2ND FLASH UPDATE
NASDAQ & EMINI 4;40: AM EST:

WE ARE NOW SHORT NASDAQ NQH7 @ 1849.00 LAST TICK = 1851.50.
KEEP YOUR BUY STOPS IN PLACE.
I WILL KEEP YOU INFORMED.


*********************************************************

1st FLASH UPDATE
S&P 500 & EMINI 12:34:17 AM MST:

WE ARE NOW SHORT S&P ESH7 @ 1455.50. LAST TICK = 1455.75.
KEEP YOUR BUYS STOPS IN PLACE.
I WILL KEEP YOU INFORMED.



********************************************************

===============================================

S&P 500 & EMINI (ESH7) March 07

SELL SHORT AREA = 1454.00 / 1455.00

PLACE YOUR BUY STOPS ABOVE 1459.50 X

TAKE PROFIT AT THE 1442.00 / 1440.00 AREA OR EXIT BY CLOSE




NOTE: SUPPORT IS EXPECTED TODAY AT 1447.50

===============================================
===============================================

NASDAQ EMINI (ENH7) March 07

SELL SHORT AREA = 1848.00 / 1850.00

PLACE YOUR BUY STOPS ABOVE 1855.25 X

TAKE PROFIT AT THE 1830.00 / 1828.00 MARKET PERMITTING OR EXIT BY CLOSE


NOTE:

===============================================
===============================================

GOLD (ZGJ7) April 07

OMNI SUPPORT = 684.00 / 683.00

OMNI TURNS NEUTRAL IF BELOW 677.00

OMNI UPSIDE PROJECTIONS 694.50


NOTE:

===============================================
===============================================

CORN (ZCK7) May 07

OMNI SUPPORT 438 / 436

OMNI TURNS NEUTRAL IF BELOW 432 X

OMNI UPSIDE PROJECTION = 455 / 459


NOTE:

===============================================
===============================================

WHEAT (ZWK7) May 07

OMNI SUPPORT = 492

OMNI BECOMES NEUTRAL IF BELOW 482

OMNI UPSIDE PROJECTION 512 / 514


NOTE:
 
<object width="425" height="350"><param name="movie" value="http://www.youtube.com/v/dV8hcXS3c1s"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/dV8hcXS3c1s" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"></embed></object>
 
here is a novel idea....watch what the price is doing...nothing else is important...to me..build a system to show the highest probability of what the price will do next ...mods will dump me soon but porgie is doing this for the honest ones....will be at work til afternoon...that is honest and I don't play on boss's computer posting here like 99 of 100 do. He said do anything I wanted to with it but I said no, not right to do that on his dime...
 
Quote from porge:

here is a novel idea....watch what the price is doing...nothing else is important...to me..build a system to show the highest probability of what the price will do next ...mods will dump me soon but porgie is doing this for the honest ones....will be at work til afternoon...that is honest and I don't play on boss's computer posting here like 99 of 100 do. He said do anything I wanted to with it but I said no, not right to do that on his dime...
More...


hello, I also use mainly a price, but not on its own, to me a price has to be compared against an average price for a certain period. I think observation of price only becomes usable mostly by scalpers or people using fundamental analyses. But neither are my style, so I can not comment any more than that.
 
Quote from porge:

apex...excuse me, but if this is the first time you have truly agreed with what i said, you have a long journey ahead of you, if you are an emini daytrader....scalping or riding runs...
More...

lol.

Apex has actually posted live trades and has proven that he knows what he is doing.

I think maybe YOU have a long journey ahead of you? :)
 
Ok here are ES levels for the day.

ES is trying to work off a higher level bearish wedge.

Critical resistance just above the market at 1458.50-1459.50

second zone at 1461-1461.50.

A break above the first zone would be showing quite some strength and that the bulls are once again in control.

Minor support around fridays low at 1451.50.

next lower level support at 1446.50-1447.50

The main support is at 1442.50-1443.50 I would like to see a move down to here before thinking about buying again.

Market is way overdue for a volatility breakout... lets hope it comes this week. I am completely bearish until the the first resistance zone is taken out. You know I have been waiting for the market to get up to these levels for awhile.

Here is the visual...
 

Attachments

There is still a brick wall above the market in the er2 at 834-836. It will be like a magnet. A nice scenario would be wash out the stops above last weeks highs and head straight into the zone to only immediate reverse catching all the bulls off guard. There is a massive amount of sell stops building up below the market.....

Any breakout above this zone... a move up to 838-839 could lead to a possible huge rally up to the 850 area.
 
Quote from JimmyJam:

Yes, what you're saying is very true of any run-away Bull or Bear market, but in this case I was referring to the work you did in regards to effective protective stop placement.

Good trading,

Jimmy Jam
More...

I hope I have been of some small help to you and others. Are you alluding to my philosophy of correct stop placement being outside the noise?
 
Status
Not open for further replies.
Back
Top