ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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the dynamics of the market, the risk reward time window is post july 4th for any significant downturn.
risk.reward favors the market to be bid back up within shooting distance of the highs, for FOMC, nonfarm payrolls, and july 4th.
the volatility is only increasing, and it happens during significant events. Enough bearish stops are being built up at the upper resistance level, that will be harvested in the future in the Fall.
risk.reward favors the market to be bid back up within shooting distance of the highs, for FOMC, nonfarm payrolls, and july 4th.
the volatility is only increasing, and it happens during significant events. Enough bearish stops are being built up at the upper resistance level, that will be harvested in the future in the Fall.
here is the projected trading range for the news events.
Quote from osorico:
No major YM levels until 13478... some minor stuff @ 13578, 13525, and 13494. Also a very small remainder gap from 6/13/07 @13438-44. Not worth much but it does exist.
On the upside YM 13670 is a major level... minor stuff @13730, 13750, 13776
Osorico
Thats what makes a market... 13591 is my last piece of support. Any confirmed move below and I want to be shorting rallies for a long time.
LOD was 13592 heh
Good Trading, judging by your calls you've earned ever bit of that place 
7 points of downside, 48 of upside. Which trade do you want to take ?
We have entered into the higher level support zone for the ES. It runs from 1519.50-1533... quite large but it is a zone with odds to catapult this market up up to 1598. I got caught on a long into the close and was forced to choke up a point and a half. I like to take these zones and narrow down the best entries within them with the least risk. With that said 1519.50-1521.50 will be the next entry area i will be looking at. The contigency is if the market is able to move above 1537 then I will most likely look to get long on a retest.
I see the market moving higher to test 1536-1536.50, find resistance, roll over and start its last panic dive right into the sweet spot buy zone. This is just the best case scenario. I am ready to scratch a trade at the drop of a hat if the market is not conforming to levels. If 1517 is broken to the downside...... look out. With that said, there is no way I would be chasing the short side here.. you missed the move when you had a chance to short 25 pts higher. Be patient and pounce like a lion whos been waiting in the bushes for a week when the oppurtunity presents itself.
Minor R 1532.50-1533
R1 1536-1536.50
R2 1541
S1 1519.50-1521.50
Here is a visualization of the past 2 swing trade entries and the current zones.
I see the market moving higher to test 1536-1536.50, find resistance, roll over and start its last panic dive right into the sweet spot buy zone. This is just the best case scenario. I am ready to scratch a trade at the drop of a hat if the market is not conforming to levels. If 1517 is broken to the downside...... look out. With that said, there is no way I would be chasing the short side here.. you missed the move when you had a chance to short 25 pts higher. Be patient and pounce like a lion whos been waiting in the bushes for a week when the oppurtunity presents itself.
Minor R 1532.50-1533
R1 1536-1536.50
R2 1541
S1 1519.50-1521.50
Here is a visualization of the past 2 swing trade entries and the current zones.
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