ES Journal Archive (2006 - 2008)

[steve46]

My MP chart suggests 1511, 1517, 1519

It will be interesting to see where markets open relative to the most recent value area 1505-1509.

What I am seeing this last week, is market testing resistance, and institutional selling. While it could be construed as profit taking, I see it as unwinding of existing portfolio positions, going back into cash, and commodities (currencies, metals, ags, softs).

For those interested, I like the way that Brett Steenbarger looks at the data.

http://www.brettsteenbarger.com/weblog.htm

 

[ksonsinc]

I think it should sell off
i see strong resistence at 1513.75

 

[apex82]

Quote from apex82:

ES Resistance zones for monday, may 14.

1515.25-1516.25

1519-1521

Here is the chart..

Popped right up to 1515.75, right smack in the middle and made a vertical drop down to 1510.25 5.5pt drop

 

[volente_00]

inverse head and shoulders anyone ?


http://quotes.ino.com/chart/?s=CME_ES.M07.E&v=w

 

[JimmyJam]

Quote from steve46:

My question was a simple one. Here is JJ's claim
------------------------------------------

"The only perceived weakness of the intra-day scalper is the inability to scale-up to decent size, when trading using this method, I find that limitation can be overcome by using a consistent approach and trading it like clockwork, very much like that which Lance Carson has demonstrated with his calls. Then, using a set theory model instead of an arithmetical or geometrical one to increase position size, you will be able to scale-up relatively quickly, while consistently taking the exact same setups."

----------------------------------------------

I am guessing that JJ knows nothing about set theory. Nor does he have any clue as to how it might be used to "scale up quickly, while consistently taking the exact same setups"

I am still waiting to hear the explanation...I think a lot of others would be interested in how they can benefit from using Set Theory.

JJ, you complain that I am keeping you from sharing "real" information. I say you have none to share. Prove me wrong.

This post reeks of desperation.

After it has been roundly shown by all of the regular posters here that you know next to nothing about money management, you want me to show you how to use advanced money management concepts effectively.

A professional (LMAO) who has publicly stated that margin doesn't matter ... several times. … there's absolutely one thing we can all be sure of on this thread, I won't bother with teaching you anything.

So maybe if you send one of the other guys a PM (like you did me, requesting knowledge about how I use the Inverse Fisher Transform indicator) they will be willing to help the helpless.

I wasn't interested in doing it then, and I'm definitely not interested in doing it now.

Good trading all,

JJ

 

[mbusch]

Quote from volente_00:

inverse head and shoulders anyone ?

Don't you need an inverse torso before you can have an inverse shoulder? Or is this a dismembered head-and-shoulders?

 

[Spectre2007]

1510 target

1500 2nd target.

 

[Spectre2007]

sell program

 

[Spectre2007]

broke 240tick trendline.

 

[apex82]

Quote from apex82:

ES Resistance zones for monday, may 14.

1515.25-1516.25

1519-1521

Here is the chart..

Not to shabby.... Hit zone premarket dropped 5.5 pts, opened and retested zone in the day session and working on a 4.25 drop as of now.