ES Journal Archive (2006 - 2008)

[HolyGrail]

Another late start today. I have also changed my tactics to some degree. Since the market seems to be trending in one direction or another, I am going to use my old trending system. Based on this system it is basically saying we will have a down day today. Looking for short entry. 1481 looks like a good shorting point.

 

[saxon22]

Quote from JSSPMK:

Is that a joke?

Looks like price is basing to take out pivot.

Time will tell if I was correct.

 

[volente_00]

rule of 10 signal ~ 79 but only with a stop

 

[Spooz Top]

a coiled up 10/100dow point point range like this could spring us to 90/ 450 dow relatively quickly....getting ready for the march.

don`t think they`ll give anyone a chance at 68/70 again.

dow clearance of 350 will be the cue ,imo

 

[islands111]

damn that 10:30 reversal was beautiful

 

[HolyGrail]

Short at 1481

 

[JSSPMK]

Quote from kinggyppo:

Here is a link to an article on buying breakouts, may be helpful.

http://partners.futuresource.com/fbp/2005/0304.htm

ImO, depending on what breakouts you refer to, buying low and selling high is a more profitable practise, but and there is always a but that could be argued about

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1594683>

 

[kinggyppo]

I can't argue with you there, that's why nothing beats watching the tape day in and day out. I am always trying to catch a reversal, the key is to honor your stops when you are wrong. Easier said than done when you are underwater.

 

[elovemer]

....missed the 50% retrace entry.... nice 4 point bounce on that one.....
....keeping a close stop....

 

[saliva]

Short 10 lot @ 1479.75