ES Journal Archive (2006 - 2008)

[Mins]

Quote from Jaxon:

What exactly is that "rule of 10" ? I noticed, in hindsight that we managed a 10.5 point range in the day session so far today (1537.50 to 1527) , and at least at the moment retraced exactly 50% of that range, 5.25 points to 1532.25.

Aside from achieving a 10pt range, I didn't see anything to tell me 1527 was support.

Well 1526.50 to 1527.00 was a previous support value for me as well as pivot line. Moreover, it was part of a bigger wave target for me which gave me the right 50% retracement of my FIB values.

However, i really thought the market was being oversold at this point volume with hammer doji was the confirmation for me.

Most likely i am wrong though as im just a newb

 

[Brucelee]

Quote from Brucelee:

Out 1531, for no reason other than steal a point

That short had a confirmation at 1530.75

 

[apex82]

Rentering long er2 here at 845 stop at 843.90

 

[apex82]

long more at 845.30 4 tick stop

 

[mbusch]

Quote from apex82:

Rentering long er2 here at 845 stop at 843.90

Amazing! Before I saw your post, I'd just entered ER2 long at 844.60 with a atop of 843.90. Either you're radiating a lot of psychic energy, or your thought processes are starting to rub off on me. (I hope it's the latter.)

 

[apex82]

This is a great way to add on... Look for 2 wave pattern into the low after a low has been established. Buy the breakout reversal with a stop below the pivot. This offers a low risk entry with high reward and immediate results.

 

[apex82]

Quote from mbusch:

Amazing! Before I saw your post, I'd just entered ER2 long at 844.60 with a atop of 843.90. Either you're radiating a lot of psychic energy, or your thought processes are starting to rub off on me. (I hope it's the latter.)

thats a beaut entry They like the run the stops and reverse the direction going into the afternoon session. Lets hope they already did it on that last spike. They may make one more run for it due to ES possibly needing to make one more wave down to knock out the weak longs.

 

[apex82]

Quote from apex82:

long more at 845.30 4 tick stop

Prof 1 right here at 847.50 for a 2.3pt gain

over a 6:1 reward to risk on that baby...

 

[apex82]

es just hit resis to the tick at 1533 and immediate selling coming into the market... neeed to get a bove 1533-1535 then should be off to the races.. until then there will be down pressure on the market.

 

[apex82]

Quote from apex82:

Prof 1 right here at 847.50 for a 2.3pt gain

over a 6:1 reward to risk on that baby...

taking profit 2 here at 848 on the scalp entry

now long on long term entry and trailing stop on scalp entry