ES Journal Archive (2006 - 2008)

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Out of all ES positions at 1530. Out of NQ at 2171.50. If it bounces, then it bounces. I will look for new longs.

I will only look long for the time being. Demonstration ES trade is now complete. Notice how with no criteria except for "trend is up" it was difficult to lose large sums of money. The initial trade was made at 1537.75 (with additions), and the trade was ended at 1530. This is why I believe in trading with the predominant trend only so as to give a better chance at profit. No profit was made in ES this time, in fact I had a loss, but the much larger NQ trade was a winner at rougky 145 points per contract. Full position in, Full position out is the way to trade and get maximum benefit. :)

Long Term Trend continues to be long in equities and I will seek entries in that direction only.
 
....once again... according to wave theory... rising wedge when part of 5th of 5th ... sometimes heralds change of the bigger trend....
... money flow on daily getting close to 0 line....
.... just a possibility....
edit... not 26? ok then 18.75
.... i am still not getting a buy signal
... this hourly coast line should bounce but it seems that there is still more downside possible according to 15 min chart
 
S3 today is1524.50,
recent swing low was 1524.75 (within +/- 3 ticks),

bounce, with a sideways consolidation for a couple of hours often follows S3 hits.

The sideways consolidation usually turns out to be a long lazy bear flag, with selling re-emerging in the afternoon.
 
Quote from storm121:........see ya at 25/26...this pig is done.

you were saying...

hmmm.Looks like your short biased self is done short term. Then 5 minutes later (after my post) you are looking for a 'pop'?Second time you have done that.

are u guessing or what?

no need to explain I wont read your commentary.I dont even know why I post here.

blackguard
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why don`t you come on out of hiding & give me a kiss ya pig.......

i love ya buddy......:)
 
Quote from vertigo3:

S3 today is1524.50,
recent swing low was 1524.75 (within +/- 3 ticks),

bounce, with a sideways consolidation for a couple of hours often follows S3 hits.

The sideways consolidation usually turns out to be a long lazy bear flag, with selling re-emerging in the afternoon.
More...

25fhd88.jpg


Dropped the hatchet on em...
 
Quote from Mins:

No way no imo - but everyone has a subjective view of this.

I believe we had the ABC retrace from the July highs to the august lows. Then we had the blast off and formed wave 2 on the 50% retrace in september. Then the rest has been a massive rise also my wave 3 which is often the most powerful wave. Im using the daily chart for my analysis.

I have no wave 4 as im not seeing the retrace of the 50% from the fed cut as a wave 4 down.

Expecting a wave 4 down to 1525-30 region would be nice and then powerful move to 1650-70.

It all subjective however and this analysis is continually changing. The 1650 target would tie in nicely with the head and shoulders bottom in July to September with a target of 1650-70.

But like i said i don't pay to much attention to elliot wave now as i find it does not give me as a daytrader great entry points. All my entry points are completely discretional.

Good trading Elovemer.
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Damn, elliot wave stuff actually works sometimes i guess. 1526 was my exact target of the massive inverse H&S that i had seen on the 12th.

Wish i had kept my YM short all the way too its target.

Went the break from balance today, all short entries placed. Took profits too soon however but cant complain.
 
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