ES Journal Archive (2006 - 2008)

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looking for a reaction low around 1500 in am then trade back up to congestion zone 1512-1515.00, then retest of the am lows.

durable goods is neutral to bearish as expected.

edit: 50 day MA battle bears winning it currently.
 
Quote from austinp:

I took the banker's offer in "Deal Or No Deal" and passed on what the other suitcases held. In this example yesterday, the offer went up at least +10pts additional had the subsequent signals been taken.

That's reality in the trenches. Trading real money is always different when we see $$$ flowing in & out of the ledger. The clear patterns were there. Sometimes the result is merely sideways chop strung out from those afternoon reports right into the close. Other times, price action makes profitable moves. Deal, or no deal. That's the question we must answer for ourselves multiple times daily :)
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Great post.

If a trader can develop a mindset to consistently average 2pts - 4pts ES daily out of the market on a weekly basis - that comes to 10pts to 20pts per week (and call it a day) you can develop the base capital required to bank a quarter of a million (or more) annually in ... about the amount of time it takes to make a baby.

JJ
 
notice the usdjpy collapsing. =)

its global....baby!

bonds keep pushing it...................yields edging lower ..

115.00 usdjpy is the line in the sand for BOJ.

the most signifcant event today, is the battle of the 50 day MA, the bears are running with the ball.. lets see if they can maintain control of the ball.

The Working Group might spoil the party.
 
there...........................she goes.........................

notice the futures cash differential is 6.6 points only...

whos going to budge first.
 
I hope you are all seeing what Buy1Sell2 is seeing. If you followed the thread you'll know why he is thinking long now and what he had to "see" first.
 
Quote from Spectre2007:

I keep an eye on this filter for longs.

A move of this magnitude implies that the 1490 stops get blown out. The market just killed the breakout position traders, that went long on the recent breakout to 1567.

Now its going to kill the middle of the range knife catchers. When a move breaks through day to day volatility parameters, a test of the other end of the range is implied.
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If what you said is true here there is still some downside to go. Props to all the traders who were calling for a big drop.
 
Quote from kinggyppo:

If what you said is true here there is still some downside to go. Props to all the traders who were calling for a big drop.
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I got my 60 pts. Apex still has another 40 to go. But I see what Buy1Sell2 sees as well.
 
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