ES Journal Archive (2006 - 2008)

[elovemer]

...... would you mind a screen shot ST ?
.... of the wedge ?
....thanks

Quote from Spooz Top:

looks llike they`re going to give us 44/45 confluence on a 15 min coast to coast move off 15/30 min wedge/sell bars....nasty ones at that.
buyers need to step up there which i expect they will.

overnite lo tested at 48.00

 

[Spooz Top]

es outperforming dow/ym.....mixed markets make for tough trading.

evo: 30 min TL held us up & did`nt make it coast to coast like i`d hoped.......top of wedge right now.

fib confluence plays big role at 44/45...not just because it` the bottom of wedge is a buy.

 

[Mins]

Don't you just wish the volatility would come back sometimes ES is proving to be especially slow but im finding it highly tradeable.

Don't have a clear directional bias today, took the morning trade based on a number of parameters and target was top of the wedge.

Took 2 out at 1554 and holding the last unit hoping for some breakout out of this bull flag.

Just a question - does anyone trade the common midday chop action (scalping maybe)?. I have been trying out an automated system trying to scalp a few ticks during these bracketing periods - still finding it difficult due to fills on the ES.

 

[Mins]

Sorry i missed the attachment on the last post.

 

[Buy1Sell2]

Staying long here. Often times you get this lackluster action prior to the jobs report. Nothing new there. I still see upside and will remain long through the report and hopefully well beyond.

 

[princessa]

Quote from mbusch:

One of the things I admire most about our friend Apex82 (whose presence here I miss) is his amazing patience. He can sit on his hands and stay on the sidelines for days at a time until exactly the right entry point comes along. That's a skill I need to work on.

So perhaps "quit while I'm ahead" is the wrong turn of phrase. Maybe "quit when I'm out of the zone" is better.

Good trading, all. See you tomorrow.

i agree. miss apex. hope he's not pissed at us. seems like a lot of negativity and hurt feelings lately...glad to see thread getting back to positive. hopefully a will revisit and feel welcomed.

also agree with quitting while you're not in the zone. i've had that feeling a bunch and am getting pretty good at sitting on my hands when i don't have the touch....

 

[princessa]

Quote from Anekdoten:

When playing the M tops and W bottoms just wait for middle swing closing confirmation as illustrated with a white circle on the chart attached.

Fairly simple stuff.

Anek

don't get it. what is this middle swing level you're looking for? some support or resistance level?

 

[princessa]

is it the second rise above this level (white circle) that you're looking for? (i.e., right half of the "w")

 

[saliva]

Quote from Buy1Sell2:

Staying long here. Often times you get this lackluster action prior to the jobs report. Nothing new there...

I can care less about these economic numbers, but I see a strange phenomenon lately. Up til last week, the market simply ignored all the numbers that came in worse than expectation and rallied anyway in anticipation of Fed rate cut. When the numbers came in-line with expectation this week, the market merely dragged its damn feet. So I figure when the numbers come in better than your joe-sixpack expectation next week, everyone's head will come rolling off.

 

[osorico]

Quote from Buy1Sell2:

...
I am holding DEC NQ here long and also the smaller 8 unit DEC ES long here. I will consider selling the DEC ES position at 1600 sometime this month although if there is no sell signal there, will most likely let it ride.

Quote from Buy1Sell2:

Staying long here. Often times you get this lackluster action prior to the jobs report. Nothing new there. I still see upside and will remain long through the report and hopefully well beyond.

Do I detect a whiff of skepticism?? Earlier (today) you were looking for ES 1600 at least, and now (same day) you are hinged to a report, "hopefully" allowing for a longer-term hold.

BTW; since you've shared a target price, care to share your "uncle" price? AFAIK, your position basis is 1544-45, with no stop. Where is uncle wrongway?