ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from smilingsynic:

Sometimes it feels like free money, but other times it doesn't. Even if you are right on direction, ES has enough choppiness on most days to shake one out of a good position, IF one does not have confidence in the position.

When trading ES, one has to expect that they are going to try to shake you out, and also to have to courage to stick to one's convictions (and at the same to keep stops in place in case one's convictions are truly wrong).

I'll watch the action around 1368-1370 to see if there is any selling, but as long as the action remains above the pivot, I think 1378-80 is imminent by Friday close.
More...


plan the trade

trade the plan

control the risk



That is all I can do and let the probability do the rest.
 
I just have this feeling the market wants to shake the tree one more time, before we head back up. I think the pivot would be a nice shake.
 
Quote from gwac:

I just have this feeling the market wants to shake the tree one more time, before we head back up. I think the pivot would be a nice shake.
More...

53-56 = low-risk long. 25 point potential over 2-5 days.

Overnight low is 56.50. Sell stops there for sure.
 
Quote from gwac:

Shake shake shake
More...

If you choose to go along with Storm's prediction :)

Right now I don't see today's pivotal providing foundation for a reversal as 30m and below point to continuation of decline, 240's 3 possible lower peak even more prominent now, maybe there will be a bounce, maybe PPT will come in, maybe Storm is PPT :)
 
Status
Not open for further replies.
Back
Top