ES Journal Archive (2006 - 2008)

[Spectre2007]

I think hes converting his profit to gold bullion.

 

[tommymoose]

Short at 1516
Stop at 1516.75
Target 1514.25

 

[osorico]

Quote from steve46:

Another nice trading day.

I am looking for a test of 1522 at this point.

Edit;

Unfortunately I see the $ADD is starting to roll over

I would be taking profits on a close below 1516

Yea boy! With 5.5 hours to go!

FWIW; I see weakness in YM. If 14470-80 area continues to consolidate, this will be a good zone to go short(for intraday) imo. Until proven, no shorting allowed.

Osorico

EDIT: Amazingly, no additions or changes to downside YM zones previously posted.

 

[Spectre2007]

careful about shorting it..market could rocket

 

[tommymoose]

Quote from tommymoose:

Short at 1516
Stop at 1516.75
Target 1514.25

Lowered stop to 1516.50 and got got stopped out.

 

[Spectre2007]

some rules:

1) stay long above OR
2) stay short below OR
3) try to sell yesterdays high
4) try to buy yesterdays low
5) if prices stay above yesterdays high or stay below yesterdays low, those levels become the new pivot and behave similar to the OR rules.

 

[Jaxon]

I sold on the way up at 1513.25
4 seconds later my stop market was hit at 1513.75
I was filled at 1513.50

At the low end of the range I am looking to sell resistance. At the top end of the range I start looking to buy dips. Something wrong with this picture.

 

[Spectre2007]

tight stops only work when the market is gapping on a buy program or sell program, and thats when price escapes your entry point and your stops become safe.

But tight stops in a non gapping market are susceptible to be hit.

also try to avoid tight stops that fall within the minute to minute/second to second variability zone.

 

[Spectre2007]

1513 handle tested.. trendline testing in process.

 

[Spectre2007]

trendline busted, downward tick variability zone trendline comes in at 1515.00