ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from smilingsynic:

On a monthly basis, I would agree, the ES trends well, but most traders do not use monthly charts.

ES is different from other commodities/futures in that it is the market with the most manipulation and stop gunning. There are periodic moves whose only purpose, it would seem, is to shake out the weak hands and then to mark it up (like this morning?). The problem that I see with classic trend trading (not intraday trading) the S&P is that the entries take place long after the trend has already begun (that explains the necessity of wide stops).
More...

Is there another instrument you would recommend that would be good for a novice trader to get his feet wet and cut a few teeth on?
 
Quote from TraderStavros:

Is there another instrument you would recommend that would be good for a novice trader to get his feet wet and cut a few teeth on?
More...

ZN has good intraday trends and is not as choppy as ES.

If ES is too large, then go to shares of SPY.
 
Anyone else looking at a IHS here: 1417-1431-1410-1431-1417...?

Certainly not confirmed yet, but the perfect symmetry is compelling.
 
Quote from mbusch:

Anyone else looking at a IHS here: 1417-1431-1410-1431-1417...?

Certainly not confirmed yet, but the perfect symmetry is compelling.
More...
Well, not quite as symmetrical as I first thought, and possibly in the process of being violated.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1739289 width=700>
 

Attachments

What a move... looks like they're trying to paint the DB picture hard. If we can close at these levels I'd expect more upside the next day or two.

... and congrats on 800 image views mbusch :p
 
Buy1Sell2, have you been on steroids today? :) Nice to see you post again.

BTW If there are any gold/silver traders have a look at continuous hourly and 10 min charts, I hate to buy possible highs, but ImO we are nowhere near the highs. ImO we are set for yet another strong rally tomorrow starting possibly pre-RTH, that's what I see in their hourly charts, bull run - retrace with divergence - continuation.
 
Hi Guys,

Just a quick note to keep some of you in the right side of the markets. Barring terrible news from AA tomorrow we should see an impressive bounce for the next few weeks. Fasten your seat belts !! :)
 
Status
Not open for further replies.
Back
Top