ES Journal Archive (2011)

[FreakofNature]

Quote from FreakofNature:

Exiting at 60, not yet filled, will reverse short at 65, with a stop at 85.

FoN

Exit long filled at 60 for +43

No short entry yet, modifying from 65 to 70 now.

Fon

 

[cooolweb]

Quote from FreakofNature:

Exit long filled at 60 for +43

No short entry yet, modifying from 65 to 70 now.

Fon

FoN a pretty good trader too!
just in one thread, we have 5-6 profitable traders posting. Thats quality shit you won't find anywhere else!

 

[bigsnack]

Quote from fishing:

thanks. how did you manage to buy pullbacks when it just kept going up the whole time like yesterday?

Well for me, I've noticed that on really clean, one direction trends, the market will usually trade in a series of 50% pullbacks. I'm not claiming any Fib voodoo, it's just an observation and it is NOT foolproof. However, If I'm looking for a place to get in, I will oftentimes for look a 50% retracement. If I see that I've already missed a pullback that has hit its target, I will try to catch the next pullback in the series.

Here's a great series from today:

I tried to put them together in a quick and dirty animated gif....

 

[FreakofNature]

Shorted 1168

Will Add 80 and 00 if permitted

Stop 1215

Target 1030

Think the big one is around the corner.


FoN

 

[fishing]

bigsnack: thanks a lot for sharing

FreakOfNature: well done you totally nailed it yesterday. Sp500 seems so strong at the moment compared to dax. are you concerned they're gonna push it up into end of quarter?

 

[FreakofNature]

Quote from fishing:

bigsnack: thanks a lot for sharing

FreakOfNature: well done you totally nailed it yesterday. Sp500 seems so strong at the moment compared to dax. are you concerned they're gonna push it up into end of quarter?

In downtrends you want to short when it looks bullish not the other way around.

Considering the force is overall very strong with the bear, willing to add no problem, its contra trend where adding is dangerous.

The 2011 lows won't hold, it's only a matter of time til we see them break.

FoN

 

[tortoise]

So no one here thinks we'll test the underside of the trendline from the March 2009 low (broken 8/01 or thereabouts) before wheeling into the abyss?

 

[kinggyppo]

inverse head and shoulders 60 minute frame

 

[kinggyppo]

the insanity that is gold

 

[FreakofNature]

Quote from tortoise:

So no one here thinks we'll test the underside of the trendline from the March 2009 low (broken 8/01 or thereabouts) before wheeling into the abyss?

That would be above 1300s.

To get there we would need to break the right shoulder first.

Not before breaking the 2011 lows and testing the 2010 lows, at least that how i read it.

FoN