ES Journal Archive (2011)

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Quote from Macho:

Covered 119350
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I crashed last night .Too tired from watching all the football.Looks like I missed some profitable trades and was only a point off the low goal (118575).Rested so I am ready to fire up.

Short 119350
 
Quote from Macho:

I crashed last night .Too tired from watching all the football.Looks like I missed some profitable trades and was only a point off the low goal (118575).Rested so I am ready to fire up.

Short 119350
More...

Covered 119150 for +2. Might be wrong doing it, it is in the account though.
 
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Friday's market-predicted price magnets downside are fulfilled on the gap-down open... as posted inside here Friday afternoon

today's market-created price objectives marked
 

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The 118575 target was achieved but I was not in it all the way I I took a profit at 119150 and there were no further momentum reversals to get back in on the short side.

I will learn to leave the trades alone. I hope. Euro was kind to me so I am now finished for the day.

I will offer a new range set tonight before 6pm EST.

Good luck trading everyone:cool:
 
Covered my short when NQ bounced off 2260.

3 trades this far and breakeven for the day. Played too defensively with my stops, so I missed most off the drop.

I think I`ll wait and see if we can form a bottom here now and possibly go long. Too late to short unless we crash?

82-84 possible support area for the day?
 
Quote from austinp:



Friday's market-predicted price magnets downside are fulfilled on the gap-down open... as posted inside here Friday afternoon

today's market-created price objectives marked [/B]
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Austin, thanks for delivering on your promise to provide the analysis beforehand.

However, if I'm reading this right (probably I'm not), what you're basically saying is that we are likely to go DOWN to 1175-ish or UP to 1200-ish and maybe another 5 extra points UP/DOWN.

So apart from a volatility analysis, what else does this chart show? (an honest question, please forgive my ignorance)
 
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