ES Journal Archive (2006 - 2008)

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world markets are red overseas, so you might see a reflexive downdraft when us markets open.

wednesday maybe the straw that broke the camels back. When US GDP number comes out. the current market climate seems possible for a very bad outcome.

bonds will rally big time.
 
jj...it does not exist...correct..just close enough to stun and amaze..........now that the real trading day is about ready to begin in awhile, volente props his eyelids open with toothpicks. Dozing in and out as the real market begins....last night was anomaly for nq...but system signal gave it all again...here is clue just for jj..........dead chart signal looks the very same live chart....does that say to you "it is not 5 min chat"? Hope everyone here has a good day today, paper trading or realmoney.
 
Quote from apex82:

Looking for a higher level 5 wave move to unfold on the er2 this week. Looking for the rally to come to a halt in the 834-836 area. I will be getting short in this area with scalping entries accumulating a position for a longer term hold with minimal risk as possible. As with all tops, if it is going to be one it will most likely have a retest. I will be adding another unit at this point if it becomes available. I recommend taking profits if you are long from earlier at this area and wait to get in at lower prices. If your plan allows for some countertrend trades, this would be the one. However, I always reduce size when countertrend due to the probabilities.

First profit target will be about 20 pts depending on where and if it tops out. Second profit target will be in the 50 pts area. Third profit target could be 100pts+ The position will be mainly traded with a 2 point stop but with different type of entries some will be in the range of 5-8 ticks.

Best case scenario is if this zone is hit while ES is testing the 1469-1471 area.

Here is the zone.... I highly suggest marking this on your charts..
More...

Anyone remember this post a little while ago....

Profit 1 hit and filled...
 
Quote from porge:

jj...it does not exist...correct..just close enough to stun and amaze
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don't believe it ... and until i see any type of proff, (including in your writings) i won't
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the best this method can give me is probably a 80% win rate, assuming i scale-in in sets of 2 and honor my stop of approx. $200 per contract, whether trading ES or YM.

thos results are consistent with stats for trending and trading range markets.
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by that same token, apex 82's call (and definitely volente_00's) call came through in a big way, but only after encountering very limited ranges.
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if you have something better, but it's not proveable it's like saying your the best dancer in the world while sitting in your chair, never getting out of your seat and criticizing everyone else who is on the floor porgie.

in my book, that's pretty cowardly action.

good (pretend) trading to you,

Jimmy Jam

jj
 
This is the move I was stalking yesterday; however, I ran out of time and took a loss. Since it seems like a lot of continuation moves are happening pre & post RTH I'm seriously considering holding trades after the market closes to eliminate time as a constraint.
 
Quote from JimmyJam:

Hey Vol, you catching this continuation down move?

I figure yesterday's low, maybe a little lower, but hey, we'll see when we see.

My PS should be set outside of the trade's MAE on this trade and I have enough wins in the pocket to catch the next upmove.

Good trading,

JJ
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Let's just say I am not surprised by it.


:)


http://www.elitetrader.com/vb/showthread.php?s=&threadid=87549&perpage=6&pagenumber=1




Now who is up for a T day trade off of 1440 ?
 
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