ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from saliva:

Might I add that you should throw in the trendlines as well.
More...

Yes definitely, but a bit more skill and not as clear cut to master imo, comments refer to ES only


GCSICLRBC is a support & resistance trader look over some of his examples and he uses a 3 pt stop

WTF trader another pro S/R trader with his intraday S/R analysis

support & resistance is not easy, I don't expect any newbie to master it in any short period plus every other part of trading must also be developed like money management, psychology etc.

BUT always keep it as your central focus to develop and follow.
 
Quote from iloveoptions:

So this big down move from 955 and all the bid hitting (hand slapping) that was taking place today turned out to be nothing more than a bear trap?? Notice how the bulls erected a powerful defense when we approached the 925 I talked about yesterday which highlights the significance of that level. What a game!! :)
More...

I dunno, it could still go south but that last run up sure doesn't help for a bear scenario.

Overall that was a really nice day in terms of range, volatility, some very clean setups with follow-through. Perfect for daytrading.
 
Quote from lurefo:

I dunno, it could still go south but that last run up sure doesn't help for a bear scenario.

Overall that was a really nice day in terms of range, volatility, some very clean setups with follow-through. Perfect for daytrading.
More...

Yet barring any penetration of today's low and high, this week may end up being the smallest trading range in 52 weeks! Go figure.
 
Quote from iloveoptions:

Yet barring any penetration of today's low and high, this week may end up being the smallest trading range in 52 weeks! Go figure.
More...

So, odds are we should see a significant move out of that 920-950 channel before Friday close, right? we'll see... :)
 
Quote from BoyBrutus:

Yes definitely, but a bit more skill and not as clear cut to master imo, comments refer to ES only


GCSICLRBC is a support & resistance trader look over some of his examples and he uses a 3 pt stop

WTF trader another pro S/R trader with his intraday S/R analysis

support & resistance is not easy, I don't expect any newbie to master it in any short period plus every other part of trading must also be developed like money management, psychology etc.

BUT always keep it as your central focus to develop and follow.
More...

WTFtrader is one of the best.
 
Key level now is 41-43, support turning into resistance.

IF (a big one) that act as resistance, as it should because the big guns have positioned their short big time already, low of today will not hold.
 
The only area of significance right now is 943. If that breaks and market heads up on the open tomorrow game over for the bears for now. If that area holds and we head down game over for the bulls.

Of course we can always consolidate further tomorrow between 943-930.

First 30min should be able to gauge whether it will be a fade or trend day.
 
Quote from lurefo:



Now all of you stop messing with Sal or he'll come and beat the shit outta ya. :D
More...

I'm in no position to compete as I trade very small size, but I do read the market well and posted a constructive observation, the pressure is up until otherwise...
 
Man, this sheep is soooo happy to have covered @ 931.75, but damn I was itching to get back in.

If the AH can creep up a little more, I'd be willing to wager that 1 ES contract again.

Sal's after-SDD rule is that tomorrow 10:30 should be higher though, so I'm a bit weary...
 
Status
Not open for further replies.
Back
Top