ES Journal Archive (2011)

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Quote from dadog:

Trading the average of a few possible scenarios leaves for better results in the long run.

For now, patience is the advantage over the majority.
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Nice tip will surely save it in my tips.txt file :D

Absorbing everything I can to see if I stand a chance at this.

Thanks
 
Quote from volente_00:

135 spy had to be tagged.


buyers paying 1.5 premium today for the calls




Still looks valid to me


looking for a 40 cash print tomorrow
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2 potential scenario from here -

1. NDX showed the ability to nudge itself higher from its potential right shoulder point thus it can zoom measured move up another 20 to 30 pts before it pause. That translate to a new high in SPX for the year before a pullback. I am sure the pullback will be lower than your entry but do you want to sit thru the heat?

2. NDX do a DT (double top) here and you get what you wanted. This scenario points to SPX pullback to probably a test of the down trendline it has broken not too long ago. That line right now sits below 1310. As it points downward, if the pullback last a few days, you probably get 1300. This one has a 1 day window as NDX already printed new high yesterday and closed below. Since this is Friday, if NDX prints a lower close, longer term players will join you.

Wish you luck on this one.

And no, your right shoulder level is already gone unless you allow your right shoulder to be that much higher than the left one. You can call this one potential 3 peaks. :D
 
Some idiotwavers believe this is wave 3 of 5 of 5. With a ~1370 target before wave 4 of 5 of 5 begins a small correction of 80-90 points, before proceeding to new yearly highs and 5 of 5 of 5.
 
Quote from volente_00:

135 spy had to be tagged.


buyers paying 1.5 premium today for the calls




Still looks valid to me


looking for a 40 cash print tomorrow
More...
yo emg. Meet me at the bank. :)
 
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