ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from Buy1Sell2:

It would depend what happens prior to a break of that area. Right now the longer term trend is down. IF monthly chart breaks the monthly continuation low, then the market should remain in downtrend for an extended period of time.

Higher highs + higher lows = uptrend.
Lower highs + lower lows = downtrend

If we close above 1436.25, then we will have higher highs and higher lows.

 

[volente_00]

Quote from Spooz Top:

rule of 10 x2...22.50 to 02.50....as 1400 swing lo & under are obvious stops.

They didn't quite let it hit, sometimes you gotta cheat.

 

[kinggyppo]

Quote from Pekelo:

Because you obviously don't follow either. Both of them have lots of patience to keep the position through days of adverse moves, but they are also infamous to give back HUGE chunks of unrealized gains and let a nicely profitable trade run into losses. (Surf 400+ YM, B1S2 50 ES)

There you go, enough similarity???

my point is that surf considers himself anti-trend, whatever that means, whereas buy 1 based on what I have read here is a position trader/trend follower in which you do give up huge gains within the longer term trend.

 

[candles]

short 1406.5 - 3 point stop

 

[candles]

Quote from candles:

short 1406.5 - 3 point stop

Closing half here at 1404 for 2.5 points profit. Other half still running with stop now at BE

 

[candles]

Quote from candles:

Closing half here at 1404 for 2.5 points profit. Other half still running with stop now at BE

Closing other half here at 1402 for 4.5 points profit

 

[Spooz Top]

cut thru 1400 like a hot knife thru warm butter......whoa!....not even a 2B reaction.....hmmm

 

[apex82]

what did we just get at the 78.6......... beautiful long signal

to the tick...

 

[candles]

long here at 1393.5 - 3 point stop

 

[mbusch]

Long ES small size from 1391.75. TL touch on my daily and weekly ES chart. I'm not much of a bottom caller of falling knife catcher, so I'll need more confirmation before adding on here.

EDIT: Nice little mini-IHS bottom on 240T chart, just broke through neckline. Also nice reversal bar on 15m chart. I'm now inclined to add on pullbacks.