ES Journal Archive (2009 - 2010)

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Quote from smilingsynic:

Let's just say the 918 zone. Even 919-920 would suffice as a downside target. Pound wise is better than penny foolish. :-)
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thanks for the numbers, vertigo and SS.

good call.

newbie
 
Quote from smilingsynic:

Let's just say the 918 zone. Even 919-920 would suffice as a downside target. Pound wise is better than penny foolish. :-)
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Daily pivot point= average of yesterday's high, low, and close.

Failure to penetrate decisively at yesterday's high suggests test/touch of daily pivot;

Failure to penetrate yesterday's low suggest test/touch of daily pivot;

If pivot serves as support, target yesterday's high;

If pivot serves as resistance, target yesterday's low.
 
A failure at the previous day's high suggest a chance that the previous day's low will be targeted (not necessarily touched, but targeted);

If R1 fails, then S1 is probable.

If S1 fails, then R1 is probable.

Enough already. I'm supposed to be on vacation.
 
Quote from smilingsynic:

Daily pivot point= average of yesterday's high, low, and close.

Failure to penetrate decisively at yesterday's high suggests test/touch of daily pivot;

Failure to penetrate yesterday's low suggest test/touch of daily pivot;

If pivot serves as support, target yesterday's high;

If pivot serves as resistance, target yesterday's low.
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Thanks. Good stuff.

Before you go away:
"Failure to penetrate decisively" and "if it fails"

These are subjective terms; how would you determine the above?

Traders use different methods: if a fast avg crosses above or below; if this bar's high or low is above or below, or high/low of bar on a slower timeframe, e.g. 15m or hourly... or if lowest low or highest high of X bar range is below or above level etc, or simply if close of bar is above or below level.
 
Quote from Jahajee:

Thanks. Good stuff.

Before you go away:
"Failure to penetrate decisively" and "if it fails"

These are subjective terms; how would you determine the above?

Traders use different methods: if a fast avg crosses above or below; if this bar's high or low is above or below, or high/low of bar on a slower timeframe, e.g. 15m or hourly... or if lowest low or highest high of X bar range is below or above level etc, or simply if close of bar is above or below level.
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I use the 1 min chart price action and its clear as day.
What do you see on the 1min between yesterdays HOD and today’s attempt ?
 
I'm looking to short 930-932 ES and 1267-1270 NQ with small stops tonight or tomorrow... gunning for pretty sizable targets (30 ES points). Its not in a zone I had in mind, but the PA is weak so its worth a shot.
 
Quote from tommymoose:

I'm looking to short 930-932 ES and 1267-1270 NQ with small stops tonight or tomorrow... gunning for pretty sizable targets (30 ES points). Its not in a zone I had in mind, but the PA is weak so its worth a shot.
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I am looking for a short at a few points higher - ES 1235/1240

Don't know if it will get to that now, it could be that the high is on for this rally.
 
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