ES Journal Archive (2011)

[macho grande]

Quote from satchel:

MachG you would probably do well with just price ladders of same markets? ie xtrader. no charts.

and the 5 min is not the holy grail, but you are close lol : P

really, ok never looked at it.

just shooting my mouth off between trades like everyone else here, i don't have a lock on anything nor claim i do

with that said, please drop to 26

 

[Macho]

Have to meet up with the oldies in NY.

So everybody have a safe and happy Christmas and New Years Eve.

DUI truck just down the street from Volente's bar for next 10 days.

You have been warned.

 

[satchel]

well we are going up right into 3:30pm. before any retrace and that'll be a small window by that time. already hit 1230 target. 1250 second tgt. 1244 will be just fine

 

[macho grande]

Sold another 30.25

 

[Lawrence Chan]

Quote from satchel:

well we are going up right into 3:30pm. before any retrace and that'll be a small window by that time. already hit 1230 target. 1250 second tgt. 1244 will be just fine

39 to 42 last line of defense for bears

if ES drift straight up to there and stalled, better with NQ printing lower high at that point, then we get a quick selloff to day VWAP

your 2nd target will still be likely hit after that

 

[macho grande]

if we want to go higher we must pullbak here to reload?

if you bought the open wouldn't you sell here, then reload?

 

[ammo]

Quote from JoshDance:

Danger is seeing an area of interest, whether it be through traditional s/r, trendlines, profiles, or whatever, and then trying to fade that thinking that it magically will work. Sometimes it does, sometimes it doesn't. Current price movement and market sentiment trumps all of that. I took two trades today, and am breakeven because once it worked well enough for a profit, and once it didn't. Both times I should have waited more. If the sentiment NOW is strongly bullish, it's much better to buy 31.5 than to try to sell it, no matter what happened in the PAST at 31.5.

current uvol/dvol is appx 29/1,trenday,so you look for a pullback in this 11-12 30 timeframe and reduce or cover or even go long,last tues nip is 32 -36 and the 20 day is 34-35,it's a double nip formation today,they often extend,if not pullback to cleavage, maybe ,lower nip,eur/usd is making a right sh at the moment , a hns pattern for the day,you have to wait and see how it plays out,the sometimes it does,doesnt is decided by the momo,the s/r of other markets,you take the big picture and fine tune it down to the smaller pic

 

[ammo]

eur mini hns

 

[volente_00]

Quote from volente_00:

:eek:

 

[satchel]

Quote from Lawrence Chan:

39 to 42 last line of defense for bears

if ES drift straight up to there and stalled, better with NQ printing lower high at that point, then we get a quick selloff to day VWAP

your 2nd target will still be likely hit after that

thanks, pulled up the 60M for ref and I'm liking 1241 matching what you said.

peace.