ES Journal Archive (2006 - 2008)

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ES Intraday price levels.
Unchanged. Upside is uncharted. Other methods need to be used for upside.

1532.00
1528.50
1525.25
1516.00
Below, you'll hear from me.

ER Intraday
Upside is uncharted. Other methods need to be used for upside.

835.70
834.50
829.20
828.20

time to go...opening bell

Trade what you see, not what you think.
Osorico :)
 
Quote from Spectre2007:

OR 1531.50
1529.50
Prev Low 1525
Prev High 1532.50
More...
So based on your previously-posted rules, I presume you will:

1. Go short below 1529.50, with a stop above 1529.50

2. Stop and reverse long if we reach 1525 and stall

3. Stay short if we reach 1525 and keep going

4. Do the opposite above 1531.50

Right?
 
yes

the open range was around 2 points.

1529.50-1531.50

so if I saw a break of 1529.50 and it was sustained. Then a retest of the previous days lows is implied at 1525.00.

As soon as it hits 1525 I buy, and cover the short.

Some days based on the general sentiment, I might wait for the test of the prev low or high and play those levels.

But the key is to not jump in early and assess how it behaves at those level. Some people will use a 10 minute or 15 minute bar to move away from the price to signify 'escape'.

today bases on how it behaves at the low, I would get long.
 
so now if I was jumpy and shorted it at 1529.00 my stop would have been hit.

registering a 2 point loss.

now we have to see if it can sustain a move up above the OR. If it doesnt, then a retest of 1529.50 is implied.
 
1537.50-1538 is still valid and even stronger now. I suggest waiting for confirmation on this short due to coming off a db and a lot of stops above the market.

847-849 next short area for er2.

Would be nice to see er2 in this zone as ES is touching 1537.50-1538
 
the advantage of this method is that it takes away your bias in the market, and your basically responding to the market and waiting for confirmation.
 
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