ES Journal Archive (2009 - 2010)

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Quote from NoDoji:

star, this trade is intriguing to me. I've never traded ES after hours (except in my sim account, which doesn't count because try as I might, I've been unable to transfer the profits to my live account).

What is your basis for this trade and will you hold through that target or take profits sooner, if I may ask? Of course I may ask, but will you tell??? :D
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Maybe he's hoping for some nasty NFP Friday "pre" action...anyway, I just bought a couple contracts into a 1000 lot offer....always a pleasure if you get offered or bid that size overnight...:D
 
Quote from startraitor:

Full moon action tonight, short at 43.50, stop 51, target those cash lows, 1007 area.
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The failure to rally above 65 implied this potential. Otherwise we should have seen 72 first.

Mentioned before, I have very strong bearish bias until end of this week, so far that works out pretty well. =)

I guess 45 should be the resistance to watch out for.
 
Quote from Lawrence Chan:

The failure to rally above 65 implied this potential. Otherwise we should have seen 72 first.

Mentioned before, I have very strong bearish bias until end of this week, so far that works out pretty well. =)

I guess 45 should be the resistance to watch out for.
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Being a permabear, I would normally agree with your assessment, but I don't feel too confident about today's price action to suggest that we will continue dropping. For example, we pierced below an important trendline only to close above it by the end of the day.
 
Quote from saliva:

Being a permabear, I would normally agree with your assessment, but I don't feel too confident about today's price action to suggest that we will continue dropping. For example, we pierced below an important trendline only to close above it by the end of the day.
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Volume based charts show that the swings are getting tighten every swing since the start of this down move, implying a potential critical point is going to happen soon that snap the market out of the current range soon.
 
I did ask question to Pakelo in April of 2009 and I am posting his response.
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Well, the height would be 780 or so SPX points so the half of it is 390. Adding that to the 670ish bottom, the expected failure should be around 1060, give or take 30-40 points...

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1060 +/- 40 pts = 1100 on S&P

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Dragon pattern

so far pretty accurate..
 
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