ES Journal Archive (2006 - 2008)

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Ahhhhhhh! Had my alerts turned off and missed a profitable ES and YM trade. Oh well, been a great day so far, why take the chance to ruin it in the last half hour. Heck of a run up huh?
 
ES -0.5
DAX +18

Total: ~+$573.50 per contract

FTSE & DAX have candlesticks open & close above 20ma on the 240 min chart, ES & NQ remain below 20ma, therefore until they do I do not view 240 as bullish, obviously once there are closures above 20ma on all 4, then I will agree with B1S2, I believe that to be a safer bet, today markets showed that they weren't ready to rally yet. So the question is - do FTSE & DAX try & show us the near term direction for the US markets or are they simply trying to save their own asse(T)s? :)
 
Quote from volente_00:

T day theory


If the indices are red on a T day, sometimes intraday they will revert to green. The odds become even higher when the negative is seen on a gap down or is seen before 10:30 est.







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:)
 
Quote from volente_00:

Old oscar was right but he likes to take a little heat first. Will he be right again manana ?
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His directional calls are almost always correct, at least for the morning session.
 
Quote from volente_00:

Homework for tonight.


What was the significance of of today's cash intraday low ?
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Significance of any signal is based on your personal convictions, it looks like I will be shorting DAX soon. I am still not convinced until I see price confirmation on 240.

EDIT: Signal not as strong as I would have liked to see, short DAX now, stop above HOD
 
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