ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

What is your view on Daily chart?
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Continuing to be very bearish
Gold bearish
Euro FX Bearish
Crude Bearish (weekly still very bullish)
Canadian Bearish
Aussie Bearish

(All daily charts anyway)
 
Quote from Buy1Sell2:

Continuing to be very bearish
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TY!, so why would you be surprised at me not being interested in 240, surely you ought to congratulate me on using my loaf effectively :)
 
tues nip on jun es is 58-60,60-2 for sep,uvol,dvol,continues to expand to upside,double top on mp chart at moment,almost always is single print so my guess is as long as uvol.dvol continues we'll see 60-62
 
Quote from JSSPMK:

TY!, so why would you be surprised at me not being interested in 240, surely you ought to congratulate me on using my loaf effectively :)
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I wasn't recommending that you get long at the time, I just figured you were looking at the 240. Never mind.:)
 
Quote from Buy1Sell2:

I wasn't recommending that you get long at the time, I just figured you were looking at the 240. Never mind.:)
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I saw it, I monitor a lot of time frames. I just didn't consider it interesting enough for the reasons stated in previous post.
 
Quote from bighog:

f9

Sounds good. From level to level is where the money is at. Many 50% retraces after a decent "run" is tradable regardless where you grabbed the profits on the runup or rundown. After i take the profits from a "run" the next thing i look for is how deep will the retrace take us or will the previous "run" continue on without me.

I do not chase stuff for the simple reason that if i chase i am more likely than not to get in JUST BEFORE the retrace sets in and get STOPPED out. Chasing is a bad habit because it gets one in just as price loses steam more aften than not and you get the afforementioned retrace.

IMO many new traders do not understand that retraces are NORMAL and they want to reverse the trade just before the previous "RUN" continues on. It takes time for new traders to understand the character of what they trade.
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All words of immense wisdom BH.
The price has to come to you and touch your stop.

I think that if you have a background in competitive sport the principle of exploiting the openings and opportunities comes more naturally.
Right now the shorts are endeavouring to gain a foothold for the first time since 09:37am

Let us see how it pans out

regards
f9
 
Larger timeframe charts have bullish divergence and the market bounced off a support level overnight significant enough for us to move higher. Combined with the gap-up day, I'm shopping for longs soon. Some decent support zones on NQ at ~1938 and the best would be 1928-1930.
 
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