ES Journal Archive (2006 - 2008)

[regal_2012]

blackguards proprietary Rule of 24 worked like a charm yesterday.

1344 to 1320. that gave you 12 points to the upside, where the rule of 12 kicked in and you could have shorted and made six more points.

interestingly, as one guy noted, a lot of these levels coincide with Gann lines and major Fib retracement levels, which just gives a person more confidence in using the Rule of 12 and 24.

as for todays action, I think we see the start of a huge short covering rally that takes us to 1390 by next week.

 

[mbusch]

Quote from regal_2012:

as for todays action, I think we see the start of a huge short covering rally that takes us to 1390 by next week.

Blackguard, I'm shocked! :eek:

 

[Optionpro007]

Greetings guys. Thank you all for the great information shared on this thread so far....

The time has come for me to retire my user name and use a new one more appropriate to my trading style. Reminiscence of when a snake sheds its old skin kind of thing....

I don't trade options, I quit in 2003 after reading some of riskarb's posts! and at the same time discovering the futures markets.

This will be my last post with this handle, except for the jokes thread...

As a goodbye going gift, for really longer term traders here is something with good potential as far as R:R is concerned....

Cheers!!

 

[ammo]

sh 27.5,30.25 stp 25.5 bd, flld ,flat

 

[JSSPMK]

15m histo features bullish bounce pattern, but I don't quite like the way p/a is behaving, more of a channel so far.

 

[Spooz Top]

Quote from regal_2012:

blackguards proprietary Rule of 24 worked like a charm yesterday.

1344 to 1320. that gave you 12 points to the upside, where the rule of 12 kicked in and you could have shorted and made six more points.

interestingly, as one guy noted, a lot of these levels coincide with Gann lines and major Fib retracement levels, which just gives a person more confidence in using the Rule of 12 and 24.

as for todays action, I think we see the start of a huge short covering rally that takes us to 1390 by next week.

i like your rule of 100 better................as in when you announce that you are now long...from that point on,you had lost 100 or more handles to the downside.........on two occasions..............ET`s ultimate fade in all his glory.

 

[mbusch]

Quote from Spooz Top:

i like your rule of 100 better................as in when you announce that you are now long...from that point on,you had lost 100 or more handles to the downside.........on two occasions..............ET`s ultimate fade in all his glory.

Uh oh. We both broke the "don't quote him" rule. And its close corollary, "don't feed the trolls."

 

[ammo]

hes been behavin for over a month now,just humor, no slanderous remarks, don't bait him.

 

[mbusch]

Quote from JSSPMK:

15m histo features bullish bounce pattern...

Would you ever trade something like that without waiting for confirmation/entry signal on shorter timeframes?

 

[JSSPMK]

Long 1326.25 off 15 & 2

come on 1m!!!