ES Journal Archive (2006 - 2008)

[kinggyppo]

Key failure at $1520.00 spy, es $1525.00 or so. If I had infinite capital, I would be full on short with a stop at $1520.00.

daily spy

 

[vertigo3]

kinggyppo,
help me out here. Why is that the labels on your swing highs read higher low, when they appear to be lower highs?

 

[ammo]

hes talking about the bottom of chart ,lows are rolling up

 

[apex82]

Quote from apex82:

second target 745.50

third target 743

second target hit and filled

7:1 reward to risk

 

[mbusch]

Quote from apex82:

this market is building a very explosive bullish pattern... I

Apex, question if I may:

You posted two charts showing the 78.6% zone. One was of the $SPX showing the zone around 1413. The other was of the ESZ showing the zone around 1425. Seems like a bigger difference than accounted for by the time premium. Are those the correct figures?

 

[apex82]

Quote from apex82:

second target hit and filled

7:1 reward to risk

trailing stop down to 749 to lock in a profit on last remaining unit.

 

[apex82]

Quote from mbusch:

Apex, question if I may:

You posted two charts showing the 78.6% zone. One was of the $SPX showing the zone around 1413. The other was of the ESZ showing the zone around 1425. Seems like a bigger difference than accounted for by the time premium. Are those the correct figures?

one was a daily chart.. the other was 15minute different swings.

 

[apex82]

see if they can put a wedge in down to the main support.... that would just be to good to be true.. market PA looks bulllish.

 

[mbusch]

Quote from apex82:

one was a daily chart.. the other was 15minute different swings.

Ah so, thanks!

 

[kinggyppo]

Quote from vertigo3:

kinggyppo,
help me out here. Why is that the labels on your swing highs read higher low, when they appear to be lower highs?

you may be right here, Anek does a great job of explaining this on his thread. My point is that the price action is dictating to sell the rallies or sell the swing highs made.