ES Journal Archive (2006 - 2008)

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Quote from tommymoose:

Short 1979.75 stop 1981... target 1974.50

from that zone, longs will look attractive.

:edit: I thought it was going for a second there too....stopped out
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NQ bounced strongly off of R1; that generally means R2 (1990) is next target.

Upper 80's a good place to exit, but I do not short up near R2 unless there is a clear reversal.
 
Quote from Buy1Sell2:

Sell stop raised to 1337.25
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Would you believe a reversal at 37.00

Quote from fearless9:

lunch break...

Call me a sentimental old fool, but is the RTH open and the RTH midpoint trying to send us all a message.

regards
f9



What is that message and what will you be doing about it?

The message is that somewhere in the large trading systems lies referencing to RTH open, midpoint, high, low etc.
In other words from what I observe the ES is turning on referenced levels and turning precisely.
What did I do about it.......
Well I went for lunch with Senora f9, but had I not I would have seen the upside as fragile. The rth midpoint lies just below the rth open and the price needs to punch through the glbx high and rth high in order to find clear skies on a friday afternoon ....slim odds

This is why I say that rsi, macd etc are all rather crude instruments in 2008. Sure you can trade with them (I did it for years) but if you want to lift your results into another stratum then your head needs to move first; the tools you employ will automatically follow as will your net earnings

My trades....
Well I would be long to one tic inside the ceiling at 43.00from the open and my short would be 1 tic inside multiple failure of 43.00 to 1 tic above the open.

Given that I choose lunch instead, please disregard this post.

regards
f9
 
Quote from smilingsynic:

The mid-point and the open are right around the same level. I have my reasons why the open is significant; what are yours?
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SS
Please see above post to B1S2

regards
f9
 
Quote from iloveoptions:

Out at 1343 June on the last add... + 9.5

Still down -19 with yesterday's position that was entered at 1360.75 June, but with a lower BE now of 1351.
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Now down -7 on the June. Today is Triple witching. Nevertheless, I'm still looking for 1351 June in the next 1:40 hours. It looks like it has a decent chance of happening, but...
 
Quote from fearless9:

SS
Please see above post to B1S2

regards
f9
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Thanks.

The RTH open, imo, is the most powerful piece of information for intraday traders of stocks and stock index futures (useful on bonds and notes, too).
 
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