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ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Traders who are only used to trading 1 car should stay out of this. If you normally trade 2 or 3 cars, this is a one car day for you, since the moves are doubled. But it still is the same basic patterns, just amplified.
ZN is a great alternative contract for those who want to stay a little lighter with more margin. The same rules apply, all these contracts trade the same way.
ZN is a great alternative contract for those who want to stay a little lighter with more margin. The same rules apply, all these contracts trade the same way.
crash mode? worth a shot:
short 1118.5
5 point stop
short 1118.5
5 point stop
Quote from marceck:
It looks like SPX could eventually try and test the ES August low at 1071 (1077 sep). The key will be to see if it does it on less volume on that day. That would signal a strong buy.
We traded 6 million contracts on August 9, the retest needs to be done on less than that.
I gather you didn't get the memo?
The other divergence would be NQ not getting down there (August) and holding the channel support around 2144. Much like it did in March 2009, which was a massive buy signal. We will soon find out.
In fact NQ could drop to 2075 and still not make new lows from August while SPX could. But today, the channel should hold.
In fact NQ could drop to 2075 and still not make new lows from August while SPX could. But today, the channel should hold.
Looking for 1111 on cash on a break of 1125
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