ES Journal Archive (2009 - 2010)

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Quote from Rashid_G.:

Looks like that 1091 in the cards.. should be war at 1070... or not.

I agree. We had a double bottom on the daily with a Height of 64 or so pts. If we have a dragon Failure that should happen around 42 (2nd bottom)+32(half of Height)=74 cash, which is close to your 70 ES...
 
good thing is I shorted some ZN spt. at 120'265, it started to roll down. sometimes, I need use flip chart to see what is going on.

Quote from trader198:

try to bitch it, but was bitched!
 
Quote from ammo:

doj,when that breaks above or below the keltner channel does it usually max out at the width of the channel,(stretched rubber band)width 52-58,6,break above 58 ,run to 64,is that a regular event

ammo, haven't looked at it like that. Yestreday was a perfect measured move. I had a feeling a measured move was in the cards technically but my thinking kept me out of a trade there on the pullback - what would drive the market so much higher, I thought? DEMTDAYBOYZ, of course! I assumed they were at the pub...

I use the Keltner to watch for reversal signals, also for counter-trend trades: in a trend upper or lower Keltner overshoots are very strong, 3rd push strong overshoots are high probability counter-trend trades (rubber band analogy is just what I used recently). I use this for average down strategy in sim with CL and only 1 stop loss hit over many trades.

Also, in a very strong trend, pullbacks rarely make it deeper than the upper or lower Keltner line.

I'm using dev 1.0.
 
Quote from Pekelo:

I agree. We had a double bottom on the daily with a Height of 64 or so pts. If we have a dragon Failure that should happen around 42 (2nd bottom)+32(half of Height)=74 cash, which is close to your 70 ES...

Yup.. 1070 done... hoping it corrects some.. Thinking 1798 Long NQ. NQ really lagging so far though you could say it bounced harder to 1900. What a tiny opening range... good.
 
Quote from Rashid_G.:

Yup.. 1070 done... hoping it corrects some.. Thinking 1798 Long NQ. NQ really lagging so far though you could say it bounced harder to 1900. What a tiny opening range... good.

L 1798.25... fading trades rarely work.. predicting! Stopped out -3
 
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