ES Journal Archive (2009 - 2010)

[Pekelo]

Here is the explanation of my 806 prediction, what is not likely to happen anymore.

Once we break out of a range we usually go back to visit the lower limit what becomes resistance. It usually happens after 2-3 candles on any timeframe. The former support was 808 cash so I thought we would make an effort to reach that before further failing. We still needed 12 or so points of yesterday's highs. That just shows the market's weakness...

On the weekly chart the lower BB is coming up around 750....

 

[wave]

01-07-09 02:03 PM

860 then 760.

760 could be the next bull bottom.

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Be careful shorts, be very careful.

 

[Lawrence Chan]

I guess no one doubt the possibility of "760 close by friday" now?

Daily level up trend line break on NQ projected at least 1150, and we are there. Based on that 760 in ES is clearly in play. It can be as simple as that.

 

[Lawrence Chan]

Quote from wave:

01-07-09 02:03 PM

860 then 760.

760 could be the next bull bottom.

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Be careful shorts, be very careful.

Lions need bullets.

Where are the $$$ coming from, clue will be coming from forex.

 

[wave]

Happy are the humble, they shall inherit the wealth.

Funny how most mock porge, don't know him, but he probably is one of the wealthier traders on ET. He speaks the truth, in the know. Funny porge , they all want it handed to them. Some even want stops. I can post entries and stops all day. For free in public forum? Doubt it.

 

[saliva]

Quote from wave:

01-07-09 02:03 PM

860 then 760.

760 could be the next bull bottom.

------------------------------------------------------

Be careful shorts, be very careful.

You and porky will become different breed altogether once we break below 740. You will like the way you look, I guarantee it!

 

[wave]

Volente got it right, just increase contract size. You could be done with trading by 9:30 if you want.

 

[wave]

I flip and flop more often than most. Net profit is all you care about. Go with the flow. Catch a wave, breakeven or it runs.

 

[porge]

today is day of rest for me...happy trading to all....i am sure most here are very serious...most enjoyable business in the world...can be most frustrating...take a few years to learn it and it gets better...the reason it takes a few years is we all have to kill the ego, learn patience and discipline, and unlearn the million bits of knowledge we think are necessary to be successful. When there is only a very small handful of tidbits that work day in and day out...

 

[saliva]

After hitting the TL. we're now poised to rally up to 73.