ES Journal Archive (2006 - 2008)

[El OchoCinco]

But you were speaking hypothetically, I did nto see you specifically recommending to trade that position

 

[mbusch]

Quote from wave:

I don't know times. 1490-1502.50 very likely today. Look for volatile downdraft from there.

Thanks. 1490-1502.50 is consistent with my work showing 1496-7 as the middle of the resistance zone. Low 90s would be a good exit target for longs.

 

[smilingsynic]

Hi, Wave

Are you familiar with Taylor's method (commodities trader from the 50's)?

 

[smilingsynic]

Quote from mbusch:

Thanks. 1490-1502.50 is consistent with my work showing 1496-7 as the middle of the resistance zone. Low 90s would be a good exit target for longs.

The midway between 1566.25 (high of contract) and 1432.75 (yesterday's low) is upper 90's (1499.50, to be exact).

 

[wave]

Quote from smilingsynic:

Hi, Wave

Are you familiar with Taylor's method (commodities trader from the 50's)?

Smiley you impress me more each day. First wyckoff, now Taylor.
Yes, I am familiar with the Taylor Book Method.

 

[smilingsynic]

Quote from wave:

Smiley you impress me more each day. First wyckoff, now Taylor.
Yes, I am familiar with the Taylor Book Method.

I thought you might.

Taylor probably would have bought yesterday's morning weakness, would have been looking to sell sometime on this afternoon's strength, and would be looking for a short selling point tomorrow morning.

 

[wave]

Quote from smilingsynic:

I thought you might.

Taylor probably would have bought yesterday's morning weakness, would have been looking to sell sometime on this afternoon's strength, and would be looking for a short selling point tomorrow morning.

Yes he called them support/resistance envelopes .

 

[Jaxon]

1492 is a number that keeps popping up. we spent some time there on the way down and it was the low on 6/27.

 

[wave]

covering before fed. Not worth it.

 

[kinggyppo]

Quote from wave:

covering before fed. Not worth it.

This is too easy today. I know what you are saying, there is always room for surprise. I am looking for that quick volatility drop though. Good luck to all today.