ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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stopped out on the Rule of 24, -2.5 points.
right now Im going to invoke blackguard's Rule of 36,which hasnt been mentioned yet, because its use comes around only in capitualtive type of situations- similar to what we have today.
1276 would be a long signal with a nice stop of 5 points.
additionally, if we move above 1292 with good volume that would be a long signal too.
expecting a sharp afternoon rally, then much higher prices next week.
right now Im going to invoke blackguard's Rule of 36,which hasnt been mentioned yet, because its use comes around only in capitualtive type of situations- similar to what we have today.
1276 would be a long signal with a nice stop of 5 points.
additionally, if we move above 1292 with good volume that would be a long signal too.
expecting a sharp afternoon rally, then much higher prices next week.
Stopped out while away. Getting long 87.25 for 5 handles.
Ugly week price-action wise.. Picked -3.5pts from a mid-day long (bad decision) and +8.50pts from an afternoon short today and closing the week with these trades. Bagging -2.25pts total loss for the week. Feeling good to have erased most of the 4 losses that were taken with this week's trades. Have a nice weekend all 
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