ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

I see what you are looking at.

Then crash to sub-1000 in October first, so you get all the fuel you need to print 1200+ by Christmas.

=P

yep the next pullback. Good eyes LC, good eyes
 
To give a 200 ES points range for a position entry is meaningless and useless.

I don't have a problem with ES crawling up to 1200 or even 1400, but saying short somewhere between there has no value whatsoever.
 
Quote from Lawrence Chan:

I see what you are looking at.

Then crash to sub-1000 in October first, so you get all the fuel you need to print 1200+ by Christmas.

=P

880 is the target. Stops under 880.
 
Quote from Pekelo:

To give a 200 ES points range for a position entry is meaningless and useless.

I don't have a problem with ES crawling up to 1200 or even 1400, but saying short somewhere between there has no value whatsoever.

Sure it does, if you know how to position yourself.
 
Quote from Lawrence Chan:

56.75 (VWAP) - 57.75 (S1) if it acts as support, R1 in play.

If it turns into resistance, original gap fill at 49 or below will play out.

56.5 is also 50% of the 10 move.
 
Quote from wave:

Sure it does, if you know how to position yourself.

It only has value if you take it as saying "we sure go up there, so get long now"....
 
I react and I anticipate. I've always made more money anticipating.

But anticipating based on science, not some gut or nonsense.
 
Quote from volente_00:

56.5 is also 50% of the 10 move.

Yes ... ORH at 58 where ES first bounced off

The area is thick with support thus not expecting that to break at all, at least not on the first try. =)
 
Quote from Pekelo:

There could be a bounce from the SMA line, even if just temporary, that is around 1049 for ES...

Sometimes we don't get a clear touch. It still needed 2-3 pts, ES LOD was 1051.5

2d2dg1h.png
 
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