ES Journal Archive (2006 - 2008)

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L 1286.75, PS 1282.75, TP 1300.

market's tricky here, but vulnerable to a steep reversal by my analysis.

EDIT: stalling.. not a good sign here, still looking bearish. current local low 1 tick from stop.. more likely to be stopped out soon.
 
Stop held so far by 1 tick (pure luck), looking for a break of 1291.50-1293 area and after that primary resistance is at 1296-1298 for me. Keeping stop at -4.00pts.

EDIT: ES at first resistance, raising stop to -1.50 (1285.25).

EDIT stop at breakeven now, 1st resistance re-tested and held.
 
stopped out at breakeven and they took it down for another re-test of the lows from there. I'm staying on the sidelines for a while a this point.
 
Quote from Spooz Top:

20 point rectangle range since 11am......the move from this range should yield a 20 handle move.......if we don`t get the usual 3:20-3:30 explosion move...then we most likely get a big gap one way or the other.
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& there it is......20 point gap.......02/03 to 22/23 = 20 point rectangle...............overnight lo @ 82.75.


i think it`s pretty evident here that someone here is disgruntled & has suffered tremendous losses due to his angry ramblings about children & food.....& soon never to return again......all i can say is,it could`nt happen to a better dope.
 
I agree, nicely done. I haven't been peeking in here all that much, but I notice you've been sticking it when I have time to follow what you're doing.

Good job!

BTW, I'm prolly staying sht till open, but then all bets are off. What are you guys thinking? Definitely test of new lows, but then...I'm thinking ugly to 1225. After a failed bounce.
 
Quote from smilingsynic:

??

There are some key resistance levels that would effectively serve as buy to cover levels that are well below 1440 (the last stop level disclosed here). There is no need to watch the screen all day.

Even if you lose most/all of your profits in the ES, I''d expect that you're comfortably ahead on the Euro and the 10-year that you'd not miss them all that much. Those markets, I would contend, are among the best for your kind of trend-following.
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The stop is set well outside the noise so that I can keep activity down to a minimum. The chances of me letting the market run to a stop in the 1440's is vurtually nil. I will move the stop down as we go and I will accelerate that stop as time goes on. :)
 
Market will make a further run at 1255.50 I should think. It will be interesting to see if another bounce occurs there or we go through it. I need to stay short here to honor my rules and strategy etc. :)
 
One item to note:

Someone mentioned that my point about keeping commissions low with low activity was invalid. However, that point also includes the fact that I believe the more trades(decisions) that are made, the more chance there is for dumb decisions. :)
 
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