ES Journal Archive (2011)

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Quote from austinp:

I will make them smaller going forward... that is straight off my platform while tapes are live.

There is a free video link (courtesy of Mirus Futures => TraderKingdom) that explains all from Friday 16th post in this thread.

The outside lines are high-odds price magnets for any given session, or in some cases the next morning. Today's overhead objective and yesterday's gap co-join... dual magnets of attraction.

That study is purely a price measurement of where the market wants to trade, higher or lower magnets of attraction
More...

cheers mate.
 
Well it looks like we have yesterday's high as support (also notice the "ledge" on volume there as well). Resistance possibly at Friday's high, but my target is 1218.25's.

2011-09-20-TOS_CHARTS_target.png
 
Currently in cash and on the sidelines, but I gotta say, this is one of the weirdest markets I've seen in a while. I'll trade regardless if it goes up or down, I personally don't care. I'm not really a position trader, but if I were, I would hedge toward the downside.. but then having said that, I would probably get burned. This thing doesn't wanna die for whatever reason. Could be just noise, but I don't see how it goes much higher from here. I don't see the news thats keeping this thing treading up here, but what do I know... My two cents.
 
The market seems to be on steroids and have gone up in a straight line the last 45 minutes or so. A pullback should be due yes?

That was exactly why I took profits, since I was punished for holding my trades yesterday.

It does seem risky to enter a long from here.

A pullback to 04-06 would be a gift to go long, yes?
 
Ive sold at 1212.4, target set at 1203.5,
although would potentially like to hold this down to 1196.5 depending on the way that the market moves down.
 
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