ES Journal Archive (2009 - 2010)

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Quote from volente_00:

How about 870 and then 800 all next week.
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I think there should be some profit taking and possibly some long term shorters around 872. If we get there by early next week, I'll keep an eye open for a reversal in this area.
 
Quote from Spooz Top:

feeling bully ever since that march 30th triple play bear call by the GS,JPM & C......one of the best short term contrarian indicators i`ve seen in a long time.......short term bully & dip buyer to 930/950 range since 3/30.

anyone from the crew left here ?......Spec,Volente,Apex,Romy,etc

getting that itch again.
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yeah.. lost the scalping itch... just swing trading.. doing quite well...

i might start scalping if I feel like it.. spending time traveling and enjoying life as much as I can instead of being glued to the monitors.
 
Quote from Spectre2007:

with the earnings outlook improving in some sectors... the spooz is undergoing revaluation... ..something close to 1000 would be fair..

we are close to 200 points off the low and 700 points off the recent high..
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close to the 200 day average.. spooz top, 966 or so...
 
Quote from tommymoose:

keep above 800 -> break into ~860 -> down to 750 area IMO... at least those are the only tradable swing setups I'm looking at right now.
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I make better calls when I'm out of the market :)

I'm super excited for this trade. The confluence is beautiful and we've got some good wedge action along with MACD histo divergence on the daily timeframe. Shorting the 860-870 area. Trade void if ES breaks 880.

If you can fine tune your entry off a smaller timeframe setup in this zone, you could take the trade with as little as a 2 point stop and be looking to ride potentially to a highly probable 70+ point target! It may take a couple trys but it'll be worth it. Here is the 24-hr chart... RTH shows the divergence better and the wedge is more extreme but I can only post 1 chart at a time.
 

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Quote from tommymoose:

I make better calls when I'm out of the market :)

I'm super excited for this trade ...
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I get quite worried when you're super excited. It can only mean more upside. :D
 
Quote from iloveoptions:

I get quite worried when you're super excited. It can only mean more upside. :D
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No, in all honesty, and one of the reasons why this ES Journal has been worthwhile, is that when I'm out of the market and I feel strongly enough to make a post its a usually a good signal. This is something I've observed a number of times over the past couple years. Don't interpret this as cocky, its an observation.

I mean, 70+ point initial target is for people with steel balls, but you can bank on a 30+ point reaction at the minimum. Zones like this don't go unrecognized. Of course watch the PA and use your common sense, but its a solid trade. Ideally I'd put on half the position on the first touch, and then if I got the reaction I'm looking for I'd add at a 78.6% retrace of the highs with stop right above the highs... just my 2 cents.
 
Quote from saliva:

Same shit, different poster. I don't plan to waste your time so don't come around here wasting mine. Obviously, talk is cheap--especially for you.
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Indeed. Looks like he's another one thats gonna go on my ignore list! That's 3 already. I haven't been here long. I have none on my t2w account yet, lol.

Im here to learn - but if i wanted to, i could also say that I made 100k yesterday in the skype room. Truth is I got beaten up Wednesday (posted the calls realtime too! nice and embarrasing ;)) and took yesterday off. Even more annoying is that I posted in here about the inverted h&s pattern, but didn't trade it because i let other good traders unflucence me who said we were going down! (my fault...not theirs.)

Hoping for a good week next week.

I reckon we should save 'trannie' talk for T-days like it used to be! Its starting to take over the thread, lol.
 
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