ES Journal Archive (2009 - 2010)

[wave]

There lies a point below 825 that cannot be violated for this long to work. Thats where we reverse or cover. You have traders buying against that point and breakout traders providing the liftoff.

Support / Resistance is all you have.

 

[wave]

28 is the new breakout point, we are long from as close to the danger point as possible. If wrong, we reverse.

 

[lurefo]

Trying a small long NQ 1311.5 stop 9.25

 

[wave]

So now we have traders ready to play the breakout, traders long from below 25 near the danger point that held, and sell orders below the danger point.

90% of trading is timing and precision. What-ifs, if-then-else.

 

[lurefo]

Quote from lurefo:

Trying a small long NQ 1311.5 stop 9.25

1314.5 partial exit

 

[wave]

now we have a box, 28 and some # near 23-24. Are your orders setup to take advantage of either move?

You will always have a box and a breakout of the box. Spectre knows the box idea well.

 

[MandelbrotSet]

L @ 827.00
S @ 825.00
T @ 831.00

 

[wave]

You can buy and sell against the box or play the breaks of the box. Buying against requires precision and more capital.

 

[Now is Now]

Quote from Now is Now:

SOLD @827.25 S/L 830.25

BUY 821.25

FLIPPED

BGT 828.50 S/L 825.50

SELL 834.50

 

[trackstar]

Quote from MandelbrotSet:

L @ 827.00
S @ 825.00
T @ 831.00

Ive got a similar trade on

L from 26
Add at 30
Stop at 17

Target at 42