ES Journal Archive (2006 - 2008)

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Here is an updated chart of the support below the market.

1502.50-1505 key support and probability of a 75-125pt rally from this area bringing the market to a possible larger degree top in the fall.

1490-1493.50 Best value area for the next larger degree leg up.


I suggest marking these on your charts for possible trend reversals or targets for shorts...
 

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Quote from tommymoose:

I use Quotetracker and the @ symbol doesn't work, although that may just be a result of the datafeed from my brokerage. You can try /ESM7 for the S&P mini and /YMM7 for the DOW mini if the @ doesn't work.
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Try

'ECBOT:@ym jun 07'

Ensure that there are 3 spaces between ym and Jun and 1 space between jum and 07. Goodluck
 
Here they are for the s&p cash...

You can see my beloved 1537.50-1538 area on ES was missed by a point or so due to the s&p cash hitting the same setup perfectly at the high of the day. If you remember a day or 2 before february 27th, the er2 missed my main short zone by 2 points and continued to drop 70 points over the following week or so. The same scenario unfolded where the cash hit the zone perfectly and the futures market was not able to move up those 2 measly points. You will find this at extremes, therefore I had to be flexible with my entry and was not going to miss this trade.
 

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Does anybody else like the weaker NQ as a short at ~1817 tomorrow? Pretty much the same resistance from the peak of the bounce that I'll be looking to short the ES also (1529). I'll be watching the market action, but any takes on a safe stop point? Sometimes they feel like blowing through the obvious resistance to hit stops and reverse it, and othertimes its a legimate rally so its a tough call.

BTW, interesting and helpful posts Apex. Great trading today.
 
Quote from Allaces:

Yeah thats pretty easy when you are paper trading and using someone elses method
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This is going to be first & last message to you in this thread - Allaces, you have just made yourself look stupid, A) by assuming & B) by somehow believing that you have created MACD & came up with a 0 line cross concept. I simply expressed how I view & use a 0 line cross, which seems to be a lot complex to you. Oh yeah, you have opted out of decision making by taking every single 0 line cross, well, that's real cute Sir.
 
Back and forth is cool. Please no personal attacks. If someone is paper trading, it doesn't really matter--the posts are interesting anyway. I would prefer real trades, but I have relaxed a bit on that. Thank you all for your consideration!:)
 
Staying long here. I am still looking for the right signal on daily chart to either add long positions or reduce the number of protective puts by selling some of them. :)
 
I would just like to make a quick comment regarding this thread: for newbies like myself this thread has provided some great learning points, would like to thank all for sharing their wisdom with rest of us.

Good work guys, keep it up.
 
Quote from Buy1Sell2:

Staying long here. I am still looking for the right signal on daily chart to either add long positions or reduce the number of protective puts by selling some of them. :)
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Bulls, Bears, Pigs, Sheep, and now a new species, B1S2s

Osorico :)
 
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