ES Journal Archive (2009 - 2010)

[petty1978]

Quote from Lawrence Chan:

1120 is weekly timeframe resistance

1080 is the support on weekly

Bullish scenario on weekly means a low made yesterday using 1080 as platform to spring towards 1120.

Even if it is not printed yesterday, it should have a strong run by RTH close towards that, like closing above 1100.

That did not happen ... so opening the door to retest the year low.

Thanks LC! I just like to see how people create their levels.

 

[Eko_Trader]

85 or 65?

 

[Now is Now]

BGT 107625..SELL 1080 mit...Stop around 7400

NiN

 

[petty1978]

Sell Short 1080
Exit 1070
Stop 1090

 

[Pholeuon]

Yesteday we broke down the uptrend channel, today we are testing top of it that serves like resistance. If we can return in it uptrend will continue, however it is less probable screnarion. Normally after some congestion we should create downside channel. How steep - this is another question.
So i will try short this beast.

 

[petty1978]

Quote from Eko_Trader:

85 or 65?

We may see both! That may be the entire range...this is gonna be a crappy day.

 

[BA_Trader]

r10

Edit: r10 + 10:30

 

[petty1978]

Best thing for the bull(ies) is for the ES to drop next 48 hrs...if it keeps this dance up it's a slow bleed for them...

...I have concluded that there is SOLID support as far down as 960, and the way this market has been behaving that could happen in 36 hours time if it wanted too. So downside [before] upside opens up 1240 on the ES.

If you see 1032 get clipped before 1126 don't fall prey to the news hype, the sky is falling etc, the markets will rally inside of a large band [960-1032]. yeah its a 72 point band but there will be a point inside this that tells us when and where...you never have to trade the exact bottom/top of a swing, you only have to know where to catch a ride.

Markets are setting up nicely...

 

[Now is Now]

Quote from Now is Now:

BGT 107625..SELL 1080 mit...Stop around 7400

NiN

Done..Net 3.5..cleans up yesterday loss and small profit

NiN

 

[petty1978]

Quote from Now is Now:

Done..Net 3.5..cleans up yesterday loss and small profit

NiN

NIN hello! What is your current analysis on Oil (QM or CL)?

As you know I am long to 79.75 and this trade is taking WAY too long...do you have an opinion short term (10 trading days)? My stop is 63 level.

Thanks!

EDIT: If the ES decided to dip to 960 before 1126, what effect on OIL would you expect?

Just trying to pick your mind...