ES Journal Archive (2006 - 2008)

Discussion in 'Journals' started by Buy1Sell2, Mar 2, 2006.

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  1. We're heading lower fellas! Short 10 lots @ 1478.50

    My crazy projection is that this sucker will go down by as much as 10 points or more. My alter ego says "keep dreaming". :D
     
    #18801     Sep 6, 2007
  2. thanks for sharing that synic ..& he may be right but i don`t have much respect for gary b smith as a futs trader whatsoever......imo he`s nothing but a salesman out of a cramer mold.
     
    #18802     Sep 6, 2007
  3. Not the same Gary Smith. This is a different guy.
     
    #18803     Sep 6, 2007
  4. apolagies are in order then...:) my bad.

    what`s the name of the book?
     
    #18804     Sep 6, 2007
  5. JSSPMK

    JSSPMK

    Go North

    re-test 1476 and bounce, otherwise it's only 1-2 point stop

    1.43pm momo building, indicators rising

    needs to hold pivot
     
    #18805     Sep 6, 2007
  6. Here is a link (not that I would necessarily get it from this source).

    http://www.amazon.com/Dream-Profita...5982437?ie=UTF8&s=books&qid=1189099440&sr=1-3

    Good book on price action, but Smith would be the first to say that not all of his indicators and other approaches would work anymore.

    That said, there is no one book that will teach anyone how to make money trading the S&P. The best teacher is experience.
     
    #18806     Sep 6, 2007
  7. the best teacher & the only teacher is putting in your time....day after day...:) ....thanks for the link.

    that active lo is still bothering me & keeping me out of longs here at the 50%............i`m a bit above my quota so i`ll be looking for cherrys only.
     
    #18807     Sep 6, 2007
  8. Spooz Top,
    what do you mean when you use the term "active lo?"
     
    #18808     Sep 6, 2007
  9. was able to kick some runners near the HOD....
     
    #18809     Sep 6, 2007
  10. On choppy, trendless days like these, unchanged represents the fulcrum; price extremes do not last, and price is magnetized back to the previous close (used to be the open, until overnight electronic trading changed that). I would not at all be surprised if the afternoon rally reached in the low 80's and then closed right at the 1476 area. At least that's how I'm playing it.
     
    #18810     Sep 6, 2007
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