ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

I remember reading a study of mechanical DAX trading based upon previous day's action in S&P, and to improve the performance of the system, the quant did not allow entry until after the first 30 min of DAX trading, something similar performed by U.S. quants could be happening.
When I looked at yesterday's action in ES, it was almost identical to Friday's small range trade and that often means (narrow ranges after a run-up) that the markets are ripe for some profit-taking.
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I'm sure that improved the system! :-)
 
Just be aware... ES tested the top of minor support and held support... ER2 traded into the meat of s1 and breaking to the upside..

It would actually be healthy for the ES to make one more low right into the middle of support.. but we might not ge that.

Potential Targets from this zone are..

1540, 1548, 1554
 
apex82: "It would actually be healthy for the ES to make one more low right into the middle of support.. but we might not ge that."

what level are you seeing as support and do you still think that a lower low today (into your support I assume) can still generate a rebound
 
Quote from vertigo3:

apex82: "It would actually be healthy for the ES to make one more low right into the middle of support.. but we might not ge that."

what level are you seeing as support and do you still think that a lower low today (into your support I assume) can still generate a rebound
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1530.50-1531.50 Its just retesting the pivot now. This is healthy for the bulls because it needs fuel (stops) above the market to move higher. So the best entry would be wait for a new low and then a reversal entry on a 5 or 15min reveral bar. If the support does not hold then you are not in the trade and wait for the better value area at 1526-1527
 
Quote from apex82:

1530.50-1531.50 Its just retesting the pivot now. This is healthy for the bulls because it needs fuel (stops) above the market to move higher. So the best entry would be wait for a new low and then a reversal entry on a 5 or 15min reveral bar. If the support does not hold then you are not in the trade and wait for the better value area at 1526-1527
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Trade Ready... Waiting for confirmation
 
Quote from mbusch:

Did you take it? Seems to me you called it rather early, so I'm curious how you played it.
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The smell of that short from last week seems to be clearing now.
Faint long odor here.

Sometime I am early sometimes I am not. I really don't care as long as I have not violated my % risk.
 
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