ES Journal Archive (2006 - 2008)

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OMG! Now we're up some 17 points from the lows. Had I added, I would have had a lower BE than 1323.12 that I'm currently at. Missing an entry is just as frustrating as losing money.
 
Wedge like action on both indices with smaller timeframe D. Short 1924.25 stop 1925.75.... target 1914 or something

stopped.... will re-enter if i see weakness

Short again 1925.50 stop 1926.75... stopped again. If I didn't have such a sick morning I'd be pissed right now.

A move up to 1932 and I'll take another shot
 
Quote from iloveoptions:

OMG! Now we're up some 17 points from the lows. Had I added, I would have had a lower BE than 1323.12 that I'm currently at. Missing an entry is just as frustrating as losing money.

You almost got stopped out so at least its not as bad?
 
Quote from spidey:

only reason for the rally imo.

NDX had a doublebottom (daily) with RSI divergence...

It actually looks like a Wyckoff thrust in the making on the daily chart. Between June 9-19 we were in the range of 1330-70 SPX. Last Friday we broke out to the downside, and if today keeps it up, we might just get back into the range...
 
Quote from jagmot:

You almost got stopped out so at least its not as bad?

Yes that's some luck. But I didn't listen to my model when it told me that this was a good area to add, and I tell you, I'm extremely angry at myself. There's no two ways about it. I deserve it. It pretty much ruined my positive state of mind for today. I'm taking a walk to vent off...
 
Quote from spidey:

So I guess this is a 78% retrace of the Mar - May rally, only reason for the rally imo.

Take a look at the 240m on ES. Tommy pointed it out last night. The 240m chart is a very powerful chart. Strong divergence on MACD (JSS favorite) and RSI (my favorite). I'm sure there are a few other factors as well that I don't look at...
 
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