ES Journal Archive (2006 - 2008)

[Lawrence Chan]

Quote from Pholeuon:

Sorry, Lawrence, I could not resist.

Now seriously - last 2 days is ES moving in such narrow long channels - it looks highly unusual to me.

Takes a lot of coordicated effort to take the price up to the high we've seen today. That alone is enough to attract buyers on pull backs at various levels.

That means the low may not be in yet, will know as a test of the newly created support levels will show how much strength they have.

 

[RsX]

Quote from avarus:

My last post. Short above 37. All the best. Thanks for the free room and board B1S2. All the best.

I'd enjoy a lot more commentary from you, avarus. There's no point in letting some bashing newbie stop your contributions to this thread. I find your observations and your visions very interesting and inspiring, to say the least. As readers of this thread, some should understand that this is not a personal trade log to post all your wins and losses nor a scoring board to boast on. I don't post my every trade and I don't choose to post only my winning trades - I only post those that show something worth to remember for the future, something that I think might provide a bit of learning material - such as trade entries made from repetitive patterns or stop management in real time.. things that might be useful to someone else.

This thread is a journey guide - from traders to traders, showing each other what might work, how one might succeed in trading and what one should avoid in trading. And as such, it provides priceless value. Pity that there are bashers with personal attacks and an occasional meaningless spammers, but that's human nature as well, isn't it? Not everybody understands what the things surrounding them are about in the first place. Just the way it is. There are a lot more of those, who read your posts with interest and eagerness to learn from your experience, I'm sure. So stick around, avarus. At least I hope you do. I'm sure you're most welcome here by the vast majority of readers and other contributors.

 

[RsX]

Long from 1314.50, stop 1310.50 (2 ticks below the recent consolidation low). They're trying to push it back above the globex pivot and might have put a DB in on 1/2min chart here. Target is at least +12.00pts from here (1326.50).

EDIT: correction.. that's 1 tick below the low (which was 1310.75)

EDIT: stopped out at 1310.50 (-4.00pts). Couldn't take it above the pivot, though they took a shot at it.

 

[ammo]

he'll be back,just pissed and cooling off,there are a lot of jags on blogs,he knows that ,doubt he'll let them get to him

 

[MandelbrotSet]

Quote from RsX:

Long from 1314.50, stop 1310.50 (2 ticks below the recent consolidation low). They're trying to push it back above the globex pivot and might have put a DB in on 1/2min chart here. Target is at least +12.00pts from here (1326.50).

EDIT: correction.. that's 1 tick below the low (which was 1310.75)

This trade is good, but it's definitely one for the knife catchers (I'm already committed to this price level holding, LOL).

Good trading

 

[Spooz Top]

Quote from Spooz Top:

those are interesting 15/30 min bars off the open......let`s see if they mark the swing hi of this move..

43 swing hi held.......no doubt a run on stops,imo.....wicked reversal without much time to get shorty off the open....stopped just short of the "meat zone" of 44.50/48.50.

this type of vol indicates a massive move in the works as we have a possible build out of an HS on 15/30 min charts........1290 NL..........let`s see if they can pop it to the 22/25 zone here....but i doubt it.

 

[Spooz Top]

FYI............wave/avarus is loving every minute of your ass kissing posts.......he made a nice call & really left you guys wanting more.......about as engineered as yesterdays move.

 

[JSSPMK]

hm...waiting on 5 & TL touch & poss 1 min pattern to go Long

 

[RsX]

Quote from MandelbrotSet:

This trade is good, but it's definitely one for the knife catchers (I'm already committed to this price level holding, LOL).

Yes it was - went against a steep intraday downswing, but the odds were decent enough by price and volume patterns. That stop-out voids my vision for todays action so that was probably my only trade for today.


EDIT: seems I was faked out, because entered too early - above a larger confluence zone. We turned at the 1296.50-1343.75 upswing's 76.4% fib retracement, which is at 1307.50. Also a -61.8% fib extension of todays biggest intraday upswing points to 1306.00 and another important level was 1309.00 as the 38.2% retracement of the 1253.00-1343.75 (gee, thats 9 x rule of 10, isnt it, oh my.. ) larger upswing. So that's an area around 1306.00-1309.00, which I missed for some reason.

 

[MandelbrotSet]

Quote from RsX:

Yes it was - went against a steep intraday downswing, but the odds were decent enough by price and volume patterns. That stop-out voids my vision for todays action so that was probably my only trade for today.

I personally think it was a head-fake and this level holds, but we'll see (these 50 pt intra-day swings are amazing).