ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Ok.

I think these guys are back from lunch and they're gonna hit the sell button.

Market holds the line right here (for today at least).

JJ
 
Quote from romik:

ES +5.75
DAX +20.00 (~13 ES)

Keeping 1408.00 Long

3 years married today, gotta take Mrs Romik & Miss Romik Jnr out on a town.
More...

Congratulations!
***
It's kinda "late"so if we don't get any action soon, I'll have to call it a day.


I'd like to see the market(s) re-test the bottoms before making a higher move though.

JJ
 
Quote from romik:

I would like to get 1464 based on WRB formation follow through, also if it hits & settles above 1444, then IMO the odds of upside are more favourable, that being above 61.8% retrace for today.
More...

No follow through on the downward movement, so you just might get what you're looking for. Still think we'll retest the bottom of the drop before going higher, support came in on this one out of "nowhere", at least as far as I can tell.

Good trading,

JJ
 

Attachments

Quote from 2006:

Was I right or was I right?
More...

You were right man, you definitely called it correct.

Nobody saw support, everything was in the red ... so the market reverses! :p

Good trading,

Jimmy Jam
 
Quote from apex82:

I am noticing a nice 5 wave structure forming... remember I always anticipate moves days and weeks ahead. Due to the impulsive nature of this rally I would expect a pretty good decline into the second buy zone I have shown in the attached chart. 1429-1430. If this zone is taken out we most likely continue lower and retest the lows in the 1395 area. This 1449-1450 area is key resistance. Anything above and I dont have much confluence.

I will be looking to buy these 2 zones and look for a retest of todays high and possibly higher. Unfortunately, there is not much immediate lower level structure so the strength of both zones are pretty much the same. If I had to rank them, I would put more weight on the second zone because if the market gets down there you are getting better value. Also keep an eye on the 15minute 50 ema.

If we are currently in wave 3 this thing can rally for however long it wants. If you want to call a top I suggest waiting for a stop run above todays high and a washout volume spike.

-Apex
More...

This was posted on march 21/07.

Alright... well foresight trading at its best once again. The market topped out at the 1450 area as expected and pulled back to my first buy zone at 1435. It immediately rallied for the rest of the day showing nice momentum for the 5th wave. I was expecting a move just a bit lower to the second zone at 1430-1431 due to the stronger confluence of factors in the area that would pull the market to it. Due to this and my plan I did not get my full position on for this move... but thats the way it goes. We could possiblysee a retest of this low and possibly the 1431 area before filling the 2/26 gap and moving to new all time highs. However, it does not have to pullback, it has already met the requirement and can move higher if it wants to.

My next major trade will be getting the next top like I did a few days before the large selloff on feb 22nd. Things are setting up for a nice zone to trade with amazing risk reward.

Here is the before and after....

http://elitetrader.com/vb/attachment.php?s=&postid=1406452

Good Trading...
-Apex
 

Attachments

Excerpt from my cycle post dated 3/12/07

The next 10-14 trading days point down.


I'm quitting.

Thank you to all the anal, sanctimonious, traders who have taught me so very much.

Osorico

B1S2: Thanks for letting me into your journal. Good luck to you.

Apex: The SniperTrade idea is a good one. Good luck to you.
 
Status
Not open for further replies.
Back
Top