ES Journal Archive (2009 - 2010)

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the old ta patterns are golden everyday for emini day trader.......9 oclock buy today was old ta....100% was the buy signal.......trend goes up trend goes down trend goes horizontal......that is all it can do.......i never speak about overnight action or news.....or s/r or volume.....only price action and candles......nq or es all the same read
 
Market is so strange. I had a long at 1096.25 during yesterday night, but the market was stuck at 1097 so I got out at 1097. I then see the market then fell to 1092 and now it rallied to 1110.50, as noted I once said I would short at 1110 but I did not have the order in automatically since I never thought the market would go all the way back here. After it looked like it could go no further I shorted on the small pullback at 1109, my main indicator indicates a reversal. My target was 1107, however, when I saw we touched but did not get filled, I closed out at 1107.50 for a 1.5 gain.

This was my only trade today, and I am not sure if I even want to take another since I way over-traded yesterday. I was able to win against a monster trend, and maybe should call it a day.
 
Quote from Kedwards:

If there is no more rhetoric out of Washington (bank tax) or sovereign debt headlines (PIGS) do we drift back up to 1148? Opinions?
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we are in the large channel from late 07, we respected it today, on a month to month , we have lower hi/lower lo, my guess would be 1019-15 area where mid point of down channe and low point of upward channel meet, we may have to wait til march
 

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