ES Journal Archive (2009 - 2010)

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Quote from vmaxer:

edit: just realized my math typo.

height is 8.25
failure should have been around 51.50
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dragon is on. short 51.25 out 1/3 at 50.5.

will post dragon in a minute

edit: stop is 52.5
 
DRAGON:

2rww9ba.jpg
 
Quote from vmaxer:

dragon is on. short 51.25 out 1/3 at 50.5.

will post dragon in a minute

edit: stop is 52.5
More...

out another 1/3 at 49.5.
stop moved to 51
target = 44 for last 1/3.
 
Quote from vmaxer:

DRAGON:
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The problem is that this would be a bottoming dragon in an uptrend, when we should see topping dragons.

So my vote is for zig-zagging consolidation. :)

After 4.5 hours we are still just 1 point away from yesterday's close...
 
47.5 is key, and the PP (49.25) seems to be becoming R, so I still like being short.

I'm not putting a lot of weight into the dragon, as you can tell from my scalping. I've scalped a lot more since I posted.

Right now I just have one short from 50.50 with stop at 49.5. If we break below 47.5 I think we'll see <44, imo (but my target is 44.5).
 
Somebody (oh yes, it was me) wrote this in another thread:

Quote from Pekelo:
Now it is not that hard to trade the next day after a big trend,....
You can use either Bollinger Bands or Williams %R. Here is a simple strategy for consolidation days....

Go long when lower BB got hit and/or W %R -100, go short when upper BB got hit and or W %R is at 0, with a 2 pts stop loss and target.
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