ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
It was a day of moderate-range consolidation, overall.
Many tradeable swings inside a session with no trend. Any skilled trader had ample opportunity to cash in, anyone who did not cash in has ample time and opportunity to accquire those skills.
CM RoadMap objectives were not fulfilled today on either side. Look for the ES to trade => 1150 or <= 1094 on Monday.
Statistical odds of one side or the other are above 90% to happen. If price is headed one direction or the other, don't fade it... ride it.
If indeed there is any "easy" money to be made in this profession, it comes from harnessing a market's directional waves... not standing on the jagged rocks in front of them.
<i>"Instead of thinking about where you are, think about where you want to be. It takes twenty years of hard work to become an overnight success" <b> {Diana Rankin}</i></b>
That concludes my week of tech analysis contributions here. Everything I had to share has been shared. Those who wish to use these price-action tools are now well equipped to do so.
Trading ES futures can be a very expensive game or a very lucrative profession. The bad news is, you get to choose which it will be for yourself. The good news is, you get to control which it will be for yourself. Your fate lies squarely in your own hands.
Who else can you trust more, and what more can you ask for in life than that?
Maybe success will take a bit longer than you believe you can tolerate. Maybe it will come with some struggles you think you can barely survive. Maybe you will work longer and harder than you ever thought necessary, or even humanly possible.
But the light at the end of each journey's tunnel can be a blindingly bright illumination that shines upon you each week while writing your own paycheck from the market itself.
To those who are serious about this business as your profession, you have my utmost admiration and well wishes. I'll see you at the top, and I'm buying first rounds when you get there
Quote from austinp:
<i>"Instead of thinking about where you are, think about where you want to be. It takes twenty years of hard work to become an overnight success" <b> {Diana Rankin}</i></b>
That concludes my week of tech analysis contributions here. Everything I had to share has been shared. Those who wish to use these price-action tools are now well equipped to do so.
Trading ES futures can be a very expensive game or a very lucrative profession. The bad news is, you get to choose which it will be for yourself. The good news is, you get to control which it will be for yourself. Your fate lies squarely in your own hands.
Who else can you trust more, and what more can you ask for in life than that?
Maybe success will take a bit longer than you believe you can tolerate. Maybe it will come with some struggles you think you can barely survive. Maybe you will work longer and harder than you ever thought necessary, or even humanly possible.
But the light at the end of each journey's tunnel can be a blindingly bright illumination that shines upon you each week while writing your own paycheck from the market itself.
To those who are serious about this business as your profession, you have my utmost admiration and well wishes. I'll see you at the top, and I'm buying first rounds when you get there
Very inspirational.
Power to you.
Interesting Week. Thursdays lows (weekly lows) were broken for a short period today and subsequently strongly defended eventually closing above. Thus, next week looking for a retrace to touch ~1160 which corresponds to 50% of this weeks range and also the lower boundary flag trendline. If it fails at that level, then I'm bearish to 1040 which is a measure move of this weeks range and coincidently, Volente's H&S target. The downtrend would be thorougly intact but getting below 1000 may take a while. Of course, this entire post is rather meaningless 
Have a nice weekend!
Have a nice weekend!
- Status