ES Journal Archive (2006 - 2008)

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Quote from apex82:

looking for 1425 on the ES futures as my first target

yes... that is over 100 points :)

I may be a bit premature... the indices are not in sync so its hard to guage the best setup. The ES is not quite at the main entry but the nq and ym are.

I will be closing my whole short positon with any move above 1552 for a small profit and get in again at higher prices.

If this zone 1536-1541 holds we have good odds of the market moving up to 1598 where I will be very confident in putting on my short position. A move above 1552 would confirm that my anaylsis is most likely incorrect therefore I will get out asap.

until then just riding it down...
 
Quote from saxon22:

got it 20 pt on this baby!!!!!!!!:D :D :D

Picking up pennies in front of steamrollers will increase one's wealth, but it is only a matter of time... Makes more sense, if one is going to scale down, to wait for more.

JMHO.:)
 
looking for 1448.50 on the close. I would rather cover today and then short again monday based on the levels holding or breaking.

the tea leaves aren't aligned right yet, usually this kind of scenario needs to be in the fall.. or as the summer unwinds.
 
Quote from smilingsynic:

Picking up pennies in front of steamrollers will increase one's wealth, but it is only a matter of time... Makes more sense, if one is going to scale down, to wait for more.

JMHO.:)

If 1K is pennies to you then I bow my head to you sire.
You are right one cannot win them all, but so far I see no red numbers in my account at the end of the month.
Waiting for more is always welcome, but sometimes there is no more to be had.
Greed is what gets people slaughtered.
 
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