ES Journal Archive (2011)

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Quote from JoshDance:

You're welcome my friend -- it may be useless info to some, others may find it useful, but it's basically what I look for. I studied the principles of Wyckoff (minus all the smart money acc/dist cycles etc.) and after just watching the market for a while, this is what resonated with me. You do very well so probably won't find much value in it, but perhaps for some it may give them some ideas to formulate their own ideas from.
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Thanks. Wyckoff is on my study list. Just need to find some time.

Oh, and I don`t do very well. Just okay. Have a long way to go still. :)
 
71 was res on the spx,see if we take out the low and move to the 60 ledge,will let us know if they are waiting to sell with small inventory or are worried and dump it down to 60 with large inventory,basically no volume on the uvol
 

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Quote from Laissez Faire:

Short @ 1169.
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Stop @ 1168,50.

Target is 1151-52. Maybe I`ll settle with 61,50 if we find support there.

May quickly change my mind on the exit, but I really hope we can get the final sell-off now and I`m willing to leave some small profits on the table in pursuit of that. :)
 
Quote from JoshDance:

You're welcome my friend -- it may be useless info to some, others may find it useful, but it's basically what I look for. I studied the principles of Wyckoff (minus all the smart money acc/dist cycles etc.) and after just watching the market for a while, this is what resonated with me. You do very well so probably won't find much value in it, but perhaps for some it may give them some ideas to formulate their own ideas from.
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would like to have wycoff explained also,noticed in your previous paragraph no notice of larger timeframes,
 
Quote from Laissez Faire:

Short @ 1169. Stop and reverse at 1170. 3 point stop on the long if triggered.

Quick exit on the long if wrong. :)
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Flat at 67.

EDIT: Looked like we were finding support there at that trend line and price was just sitting there. Took profits on the lack of follow through.

Time to re-enter if we should break, but like tortoise use to say, I have no faith in it. :p
 
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