ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from saliva:

No offense but don't you ever suffer from information overload?

Not really ... I mentioned here before about a structured view on the market, where the higher timeframes are ALWAYS more important.

e.g. holding previous day low is a sign to go long, but where to?

If there is no higher timeframe confirmation, then it is probably good for PP or 50% of previous trading day.

If there are higher timeframe confirmations, like it is also holding previous week close, then the target should be previous week 50% (if that is higher than the prev. close) and/or the previous week high.

Very very simple.

The key is money management, as always. =P

 

[BoyBrutus]

Quote from saliva:

Nope. Even if I narrow down NT, the dots still does not line up. It's ironic that I brought a similar problem to the attention of NT mods at their forum and this damn problem still lingers. And I recently upgraded to their latest update!

No friggin' wonder my analysis was off for the last 6 months!!

No wonder these A-holes boasts about everything EXCEPT charts.

Your prophet charts seem to be missing some bars, look at the 29th although that should only increase the TL gap.

The NT chart there is a small gap on the third bar, on prophet there is not.

NT bars slightly over/under shoot the actual price like 0.5mm.

 

[Sha10105]

Have a short order at 804. looking to profit 777-781 range... that area seems to be some good support.

Good Luck

 

[Jacob Fries]

Sha, got your fill.

 

[lurefo]

Quote from Lucrum:

Grind to 805ish?

yesterdays high is also a possibility.

 

[trackstar]

Technical issues with TS all morning. Stopped out of original short at 783.50 at the 15min OR breakout.

Now short from an avg price 797.50. Stop is 810.

 

[Sha10105]

Quote from Sha10105:

Have a short order at 804. looking to profit 777-781 range... that area seems to be some good support.

Good Luck

Filled

 

[trackstar]

Quote from lurefo:

yesterdays high is also a possibility.

Thats pretty much what I was thinking.

 

[iloveoptions]

Quote from iloveoptions:

Short again 797 . Market is quick on its feet today.

Adding equal size short at 805.00 with BE coming at 801.

 

[MandelbrotSet]

Based on my previous stated chart setups I see an uptrend on increasing volume on the higher time-frame and I have no idea where it ends, so I would only be taking Longs in this market until conditions change.

Here's the 1 hour chart ...