ES Journal Archive (2006 - 2008)

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Quote from mbusch:

Didn't take off as I hoped, so out for -1 tick to await lower-risk entry.
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Actually, we're coming up on Support for any of you counter-trend types.

That's a Demark Pivot, BTW, it just measures the daily action's contraction and expansion.

Good trading,

JJ
 

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Short from 1549.50 for q quick countertrend scalp.

Looking for possible bounce off 50% retracement point at1547.00

EDIT: closed short at 1547.25 for +2.25.
 
Quote from JimmyJam:

Actually, we're coming up on Support for any of you counter-trend types.

That's a Demark Pivot, BTW, it just measures the daily action's contraction and expansion.

Good trading,

JJ
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JJ, I differ from your perspective here in that if someone is looking to buy your support level here, they are not countertrend trading. Rather, they are trend trading.
 
Quote from mbusch:

Short from 1549.50 for q quick countertrend scalp.

Looking for possible bounce off 50% retracement point at1547.00
More...

Can't go with you here. I am interested in more than 2.5 pts even if it were to prove to me that I was right.

:)
 
Quote from Buy1Sell2:

JJ, I differ from your perspective here in that if someone is looking to buy your support level here, they are not countertrend trading. Rather, they are trend trading.
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But you know what Jim is on about though, you are just trying to point out importance of long term charts :)
 
Quote from mbusch:

Long from 1549.00, close stop. Looking for +5 to +8 points as a target.
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Funny, I was just thinking the top is about in on this run.

Short @ 1550.25, PS @ 1554.25

JJ
 
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