ES Journal Archive (2009 - 2010)

[MandelbrotSet]

Long @ 1053.75
Stop @ 1049.75

I may close the trade before the stop if it doesn't work.

Enclosed is a chart showing what I was looking for, and why I took the trade.

 

[wave]

Look at them, lives thrown away because they did not have the will or patience or perhaps intelligence to figure out the markets. Instead their genius of avarice landed them in the slammer, all of it now gone by the wayside. Galleon, Madoff, etc.

Who are you? I always tell young teens to imagine there is a "little me" always watching them and following them around. They have now become the role model for "little me" or themselves. If you are a father, pay heed to that little tactic.

 

[pokito]

Quote from MandelbrotSet:

Long @ 1053.75
Stop @ 1049.75

I may close the trade before the stop if it doesn't work.

Enclosed is a chart showing what I was looking for, and why I took the trade.

someone posted this chart earlier, per him/her the resistance for ES is 58.25....we will see
http://www.elitetrader.com/vb/attachment.php?s=&postid=2629305

 

[MandelbrotSet]

Quote from MandelbrotSet:

Long @ 1053.75
Stop @ 1049.75

I may close the trade before the stop if it doesn't work.

Enclosed is a chart showing what I was looking for, and why I took the trade.

As price is coming up on R1 I have closed my trade at a profit.

***

There you go folks, I:

a) Posted my bias (based on x, y, z factors) at the market Open.
b) Looked at (what I use) for Support and Resistance, and determined my target area(s).
c) Patiently waited to initiate my trade when my critieria was met (I like to trade intra-day breakouts).

Happy now, Saliva?

 

[wave]

Now let's get this puppy up to 80 already.

 

[MandelbrotSet]

Quote from pokito:

someone posted this chart earlier, per him/her the resistance for ES is 58.25....we will see
http://www.elitetrader.com/vb/attachment.php?s=&postid=2629305

Yeah, I saw that chart earlier, and I think it's a pretty good one.

He uses price action to generate his S&R lines, I just used automated pivot points (based on a calculation you can find on the internet).

Good trading

 

[burn8]

Short squeeze?

-burn8

 

[Builder17]

short spy 106.15
stop .20

 

[pokito]

Quote from MandelbrotSet:

Yeah, I saw that chart earlier, and I think it's a pretty good one.

He uses price action to generate his S&R lines, I just used automated pivot points (based on a calculation you can find on the internet).

Good trading

so far 58.25 resistance is accurate within a tick, i need to go back and look at his/her post again....may be some earlier posts too

 

[Pekelo]

Now let's get back to business....

Quote from wave:

Now let's get this puppy up to 80 already.

Since the H&S on the daily should be symmetric, we still have 4-5 trading days to make it up to the 1070-80 right shoulder. So if the H&S pattern is playing out, the market should take its time, and not hurry up too fast.

Next Tuesday reaching that level is fine....