ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

with a new hi on Es today ...the trend without a doubt is due North.........as usual.
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That's only true if you define the trend of the ES as being determined solely by its price action ... I'm not being argumentative here, I'm throwing different ideas into the mix.

JJ

P.S. Short ES @ 1506.50, PS @ 1508.00
 
i hear ya bro........if one is watching a 1 min chart from 11:30 to 12:30...the trend would indeed be down ............different strokes for different folks.:)
 
If you guys dont remember what happened last time I pulled out the crystal ball the day before the employment...

Watch for the smart money move late in the day with volume confirmation....
 
Quote from JimmyJam:

That's only true if you define the trend of the ES as being determined solely by its price action ... I'm not being argumentative here, I'm throwing different ideas into the mix.

JJ

P.S. Short ES @ 1506.50, PS @ 1508.00
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for anyone who's wondering, i hard to move my PS above 1508 (moved it to 1510). i still think i get paid from this one, here's why.



jj
 

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Quote from JimmyJam:
for anyone who's wondering, i hard to move my PS above 1508 (moved it to 1510). i still think i get paid from this one, here's why.
jj
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I do not get it. Please example.
 
Quote from apex82:

low risk trade short the es here at 1507.75

2tick stop

minimum 4pt target
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stopped out for a 2 tick temporary equity dip...

it was worth a shot...
 
Quote from Keeper:

I do not get it. Please example.
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There's a ton of resistance there as denoted by the multiple hits at the 1508 priceline. You might want to review 4re's S/R Thread to brush up on the concepts, they get played out in the market every day.

Once this thing breaks below yesterday's high, I'm holding for the EOD.

Good trading,

JJ
 
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