ES Journal Archive (2006 - 2008)

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Around 7am they ran the NQ down to the serious support level... not during RTH though. I'm not sure what to think about that, if it constitutes a touch or not.

... looks like they're gunning for an RTH test, nice (1953-1958)
 
Long 1854.50, stop 1852.50.... will possibly trade around this long position.... one more push down possible, will reenter on capitulation volume.

Long again 53 stop 51.75... last shot long for this zone, we tagged the bottom

stopped... zones? they don't care about no stinkin zones.... sidelines

Long 51.50, target 1858.00... stop moved up 50.25

OUT 1854.25... don't like PA.. oh well, went there anyway
 
Quote from opt789:

If you had a position short from May (which I don't dispute because one look at the chart shows that it met all your posted criteria) then how do you handle your short term longs? Since then you have taken longs of 20 and 25 contracts. Do those simply offset your position short or do you do it in two separate accounts? With the move today are you moving your buy stop down?
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The short term longs were just day/swing trades. If you'll notice, they were against the trend and did not work quite as well as shorts would have. My stop is currently 1345, and was moved down as a result of the continuation of the move.
 
Quote from tortoise:

any wolfe wave experts out there? looks like a major potential wave to the downside forming. have i got this right?
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if the price collapses then your chart is excellent
 
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