Daytrading the ES

Discussion in 'Journals' started by Port1385, Nov 25, 2008.

  1. Im still basing my trades off of this graph. Sorry I have not posted so much, nothing new to add. This chart will keep breaking down further I believe.

    I've had this chart going for quite some time. There is a lot of value in sticking with the same chart sometimes. Simple trend lines and retracements. Thats the most effective strategy I have seen in trading the ES.

    [​IMG]
     
    #61     Dec 15, 2008
  2. Look at my previous chart. See how price is being squeezed between the downward sloping line and the fib retracement? This is a point where price can break either way...
     
    #62     Dec 16, 2008
  3. I just shorted at level 896.
     
    #63     Dec 16, 2008