ES Journal Archive (2006 - 2008)

[ryank]

The 10:30 reversal crew was a little late this morning, but it looks like they have it moving back up (for the time being) a little ways.

 

[MiniDowTrader]

The bulls better turn this into a reversal....cuz it's looking like a bear flag on the 15m chart. :eek: :eek: :eek:

 

[dmartin]

Quote from Brucelee:

Those that have followed B1S2 thread, or took the time to read a few pages, will know exactly what his line of thought is and how he approaches his trades. I doubt he wants to repeat his self yet again.

So Bruce, I guess you don't know "exactly" what his trades and premises are!

 

[elovemer]

.....i think he determines trend from weekly and daily divergence or continuation signals on RSI .....

Quote from dmartin:

So Bruce, I guess you don't know "exactly" what his trades and premises are!

 

[kinggyppo]

The market closing down a few hundred points would be a thumbs down on the latest fed move. I would appreciate it if insiders would post the fed's next move early so I can get a position on. The mark to market on sp options is a mess.

 

[Brucelee]

Quote from dmartin:

So Bruce, I guess you don't know "exactly" what his trades and premises are!

I know enough to tell you he trades long term, and his entries are on 60 min charts and stops are very wide, outside the noise as he calls it. He also hedges these bets with options. Not my scene and probably not yours. This journal has maintained shorter term trades and traders and B1S2 has gone back to his long term views, due to other commitments. I know you are new to this journal and probably don´t want to delve through over 2800 pages, cant say I blame you really.

 

[El OchoCinco]

Quote from MiniDowTrader:

The bulls better turn this into a reversal....cuz it's looking like a bear flag on the 15m chart. :eek: :eek: :eek:

Or is the move lower from the opening the bull flag from the move starting yesterday at 3:00 PM

 

[El OchoCinco]

Quote from MiniDowTrader:

The bulls better turn this into a reversal....cuz it's looking like a bear flag on the 15m chart. :eek: :eek: :eek:

Or is the move lower from the opening the bull flag from the move starting yesterday at 3:00 PM

 

[princessa]

Quote from elovemer:

anyone else looking for a new low to be made yet ?
as per my last post..... this up is the 4th wave.... the 5th wave should bring us to new low.......
again..... could be wrong.....

i might be inclined to agree with you, had we not had the rate cut. now i'm inclined to think this changes things, some. how much is yet to be seen....

 

[smilingsynic]

Quote from Chuck Krug:

buy1sell2: I have difficulties holding positions because of emotions.
this is something i' m working on

Smaller positions help. If 1 ES is too much, then start with shares of SPY. Gain confidence and experience while managing smaller positions, and then increase.

This isn't original advice; it is what Wyckoff, anearly 20th century trader, suggested. Although some of what he wrote is not applicable today, that particular nugget of advice is.

Back to work.