ES Journal Archive (2006 - 2008)

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Well, I took august off as planned and decided to take september off as well. Nice to see this thread is still going strong.
I thought I would post a chart or 2 after not looking at the markets in awhile. I got the decline that I was looking for and I am awaiting for a massive buy signal that will launch the next leg for another multi-year rally. We got to the first support zone on the dailies that I was looking for as a major target. However, I am anticipating one more decline beginning next week.

If we can get down to 1350 area on the Dec contract then I will start looking for long signals. At this point the market is at a very critical area. It does have the structure to climb higher to new all time highs but if you zero down to the lower timeframes you will see lots of bearish structure. Any weakness will lead to a strong decline if it does not take out the resistance zones posted in the attached chart.

I have read some posts the past few days. Thanks for all the compliments and am glad that I have helped some traders. Of course everyone has to figure it out on their own because everyone is different. However, I definately believe that in order to speed up the learning curve you should always learn from someone who is already successful. I think this applies to everything in life.. not just trading.

I will probably be more active next month... keep up the good trading...
 

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I wish you all a great "trading week"...apex8 is a great person and a very good trader. I only make comments about truthful ones because they are few and far between. The good ones never stay as they are not appreciated. Apex 8, B1B2 are both good guys and traders..each day a new "trader" comes out of shadows with screaming "foul"...the nursery is in the back...
 
glad to see u back apex...i am over and out..you might help someone deserving and i don't wish to interfere as i gave my word.......you are one of the few, seriously, so maybe someone will benefit from your efforts...If they leave my name out I will stay out......
 
Here is one of my personal trades I have on......

Short with a tight stop looking for $38 as first target. Analysis for trade is shown on the chart.....

As always risking 2% of capital on each trade looking for large reward with small risk. Lower percentage of winners but much larger profits.
 

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