ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

after this week, will be away from the screens and will be just swing trading. Goodluck to everyone. Most of what I've learned over the years, I had to do it on my own, no mentor.

But the key concepts in ES, are creating your support and resistance zones, and realize that price gaps when the zones get bounced off of or breached, and the price gaps to the next closest resistance/support zone. Stay away from making trades in between these zones, since most of the time the probability is your stop loss gets hit.

Also understand what your trading. Equities are upwardly biased. Meaning its easier for them to go up then down. And look for your indicators to hold that bias. Such the MA's I use or trendlines.

And also risk management, figure out what you can afford to loose per day, and stick to it. Let the winners ride to make up for the small losses.

goodluck,

Chris
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lol, guys....=)

I can't stay glued to the screen, getting cabin fever.. afterwhile it takes a toll on me.. and I need to stay away from screens, I have like 7 screens infront of me..lol.

Eventually I get a tan just sitting here..

Anyways.. just focusing on swing trading.. I don't get offended easily...

I have to run out and buy some IPODS for my nieces and nephews..
 
Spectre I appreciate your info, and also the professionalism shown on this board. The market is a gaggle of opinions, and we all need a break from the stress sometimes. I have learned alot from reading these posts, thanks all. :cool:
 
Quote from wareco:

I was never impressed with the caliber of chat there. I was hoping it was a different chat room.
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Your probably thinking of the primary ET chat room. I whole heartedly agree with you.

There is another "Index Futures" room that has been up and running for several weeks now. We keep things more or less on topic, trade entries/exits and market observations pertinent to today.
Longer term stuff, debates over theory and fundamentals, is probably best left to the message boards.
 
Quote from JSSPMK:

On the other hand it could well be a trap, we have had weeks of successive dip buying, my view is that we will see more red across the board. 240 minute chart on FDAX CAN be viewed as bearish, due to a potential 3 failure swing (completing a bear flag), S&P's weekly divergence hasn't played out to the full yet also.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1553899>
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So far it was in line with expectations, sold near pivot, profited from part of the range.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1554645>
 

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