ES Journal Archive (2009 - 2010)

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Looks like the ES is trying to find support in preparation for the next up-move (once again, so long as support holds, I'm looking for a Buy Signal on the ES).
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Which brings something else to mind and I want to touch on briefly. If you want to, you can pullup a chart of the ES (or any futures indice) and watch how price respects the median pivot point.

Yesterday's was the jumping-off point for the huge 20pt upmove.
 
Quote from MandelbrotSet:

L @ 899.50
Stop @ 895.50
This trade was stopped out.

On one hand it's frustrating, on the other hand it gives me the absolute parameters of the risk I'm willing to assume on any one entry, and forces me to continue fine-tuning my entry for intra-day scalping.

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The market is currently neutral (by my mesurements).
 
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