ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

You can do whatever you want in the free world, but I'd invite you to check out the volume bars on a short-term (1-min chart) and note how turning points--new swings--often start on high volume. High volume well into a move is often a sign that the trend is about to change.

EDIT: You appear to be doing great without using volume, but it may be worth considering.
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Maybe you could post a chart with some annotations of what you are talking about. I know DOM analyses works, but found it's not my cup of tea, too much info at one time. TY!
 
Quote from JSSPMK:

That's how I see next support levels, basic yes, I must admit I am nowhere near as good as Apex & Avarus (others also, sorry for not crediting you guys :)) Here is the chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1781832>
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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1783409>
 

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Quote from JSSPMK:

Anyone posting on ES Journal wanna organise a hook up, say in NY or Vegas some time this year? Get wasted & go visit Oscar :)
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I vote for Vegas, first round is on me, but I will have to tell my wife it is some boring technical analysis convention.
 
I'm watching 1326-1329 area closely - if we break it on 30m closing basis, I'd expect we go for a re-test of yesterday's lows, 1307-1311 area. That'd be a better long (in multi-day perspective) than 1326-1329 IMHO. It's one of the more likely scenarios for today.

If 1326-1329 holds, however.. It'd confirm multi-day trend shift and we could yet still see the week's midpoint - the 1356-1359 zone re-tested by todays end. Yesterday was the first uptrending day in this week, but the multiday trend remains down until Wed highs are broken.
 
I feel positive about today.

looking for higher prices by 4PM.

plus, I heard theres an announcement coming out sometime this morning which will be a net positive for the market.

holding all longs.
 
There is a potential bounce here on very short term charts. I see no reason though at the moment, to cover my short positions. Holding Full position short here plus the 3 swing trade contracts that were made. :)
 
Quote from Buy1Sell2:

All equity investments (muts) outside of the trading account were pulled at the close yesterday. I am 100 percent in cash and short the ES --Long Yen futures versus the USD as well:)
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This was posted by me on 11/16/07 (page 3991 in classic view). The December 07 ES contract closed on 11/15 around 1458. This may answer some who have mentioned the diversification etc. of the TLNW.:)

In addition the Dec Yen contract closed 11/15 at .90850. Currently the March is around .9340. (exited March Yen long last night at .93380 and looking to get back in long soon).

I am an outraday trader.
 
Looks promising.. gunning for 1327.00 MIT with a 3.5pts stop, although this 1327.25 might just have been it (high volume).

EDIT Still a clear downtrend on 3min chart, so RTH open could bring in one more low..
 
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