ES Journal Archive (2006 - 2008)

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Quote from apex82:

buying 1427 1.5 stop completion of 5 wave move
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Ok long one unit countetrend

edit: I must have messed up earlier during this frantic day. The zone was 1427.50 thats why I said I was long.
 
I suggest getting long now with tight stop. this could be a move to new all time highs from here. If the zone holds I will tell you when I am adding on to my long.
 
Quote from apex82:

I suggest getting long now with tight stop. this could be a move to new all time highs from here. If the zone holds I will tell you when I am adding on to my long.
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seriously??? hmm I could see profit taking on shorts, but bounce right out of this funk?

would suprise me.
 
Quote from apex82:

I suggest getting long now with tight stop. this could be a move to new all time highs from here. If the zone holds I will tell you when I am adding on to my long.
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I see that too. Dabbling long in YM with <10 pt stop (just below lod),. Prepared to reverse if wrong.

Good trading to all :)

EDIT: stop moved to b/e. Not second guessing for me. Either way, no lose trade.
 
Quote from dr_sean:

seriously??? hmm I could see profit taking on shorts, but bounce right out of this funk?

would suprise me.
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I am also sceptical of this reversal to all time highs, right here & now anyway, I will be waiting for more confirmation. But kudos to Apex on all your previous posts, smart & disciplined trader.
 
Quote from JSSPMK:

I am also sceptical of this reversal to all time highs, right here & now anyway, I will be waiting for more confirmation. But kudos to Apex on all your previous posts, smart & disciplined trader.
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Thanks.. there is no guarantee but it is certainly possible from this level. I myself think we are starting a new bear phase for the next few weeks. Could ultimately be a pretty major top. However, this is a nice place to start thinking about getting long to get a retest of the highs. Its a little soon, there is definately a lot of consolidation ahead before this target is achieved.

1423-1427 is a crucial support zone...
 
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