ES Journal Archive (2009 - 2010)

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Quote from austinp:

A lot of things go into creating resistance and support for the markets. For sure the 50, 200, 250 day moving averages are a solid part of that. So are volume patterns, aka MP study. Likewise many things. But if we overlaid everything on a chart that mattered, we'd never see the price bars behind it.

Big picture for me via swing trades is foremost the gaps. Those holes will all be filled, sooner or later. The "later" part may be months or years... never know. Basically I'll try to position myself from break points toward the gaps and hold into the gaps if/when possible on the swing trade side.

The intraday trading segment of business doesn't really need that information. Trend - countertrend swings that make up intraday noise can be profitable enough unto themselves
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I agree with you. Key is to position one's self on the break towards the gaps
 
Quote from jkweeden:

if we don't hold here we are going to test the globex lows today..
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thank u for that astute observation. On another note, if you are looking for a powerful move down, it would be nice if this wedges first.
 
Intra-day trade looking at the 1M Bar:

1M Bar just confirmed support at 1132. Go LONG to 1136.

Entry Order 1132
Take Profit Order 1136
Stop order 1128
 
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