ES Journal Archive (2011)

Status
Not open for further replies.
Levels below in addition to those mentioned in the last post:

1325 - Support area for the last days.

1317 - 50% of last week`s range.

1320,75 - Weekly pivot point.

1315 - Gap fill :cool:

To the upside, we might see:

1336,75, 1340.

Next is 1345-50, but I don`t see us getting that high today.

Now, I`ll use market structure to try and trade the moves between these levels.

Don`t forget FOMC minutes @ 02:00 AM.

Good luck :)
 
Quote from pauk:

Probably pretty cheap down here -- these prices should get snapped up soon.
More...

that was near the low of the day in globex.
wish I had have added long after that post :(
 
Short @ 1329,75. Stop @ 1330,75. Target is 1328,5, unless price by any chance should blast through there.

Widened stop by to 1331,75.

Might have been a little early on this one.
 
Quote from Laissez Faire:

Short @ 1329,75. Stop @ 1330,75. Target is 1328,5, unless price by any chance should blast through there.

Widened stop by to 1331,25.

Might have been a little early on this one.
More...
LF,had i looked at this chart this morn,i wouldn;t have sold 1326,an example of i'll take a shot here trade,some times,trading less, making less means losing less,equals making more,could have covered my shorts there for +4k, i do it too
 

Attachments

Quote from julian0625:

70% chance of me getting stopped out, I have a R:R of about 5:1.
More...

You realize that even if the analysis is correct, in 10 trades you would have 7 loser for -7 pts and 3 winners for 15 pts, or net 8 pts in 10 trades less commissions and slippage.

Add to that the fact that 70% losers lead to long losing streaks, I don't see this trade just from the financial side, yet alone the technical analysis side.

The turtles use a low probability system, but their r:r is closer to 10:1 and they spread the risk over many markets.
 
Quote from cashcarewins:

You realize that even if the analysis is correct, in 10 trades you would have 7 loser for -7 pts and 3 winners for 15 pts, or net 8 pts in 10 trades less commissions and slippage.

Add to that the fact that 70% losers lead to long losing streaks, I don't see this trade just from the financial side, yet alone the technical analysis side.

The turtles use a low probability system, but their r:r is closer to 10:1 and they spread the risk over many markets.
More...

Most of my trades are about 1.5:1. That was a different scenario. It was either go or don't so I had a bigger R:R.
 
LONG 1330.25

Stop at 1328

Target 1335

Here we goooo plow through highs!

17k Offers versus 10k bids, prepare for a pop! markets move towards volume.
 
Status
Not open for further replies.
Back
Top