ES Journal Archive (2006 - 2008)

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

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  1. Out at 43 2/3 (average), a result of having a market if touched order at 44. Why 44? 45 (actually, 45.35) is key resistance on the 60-minute chart, and I did not want to press my luck.

    Also, 44.25 would represent a 50% retracement.
     
    #24041     Nov 19, 2007
  2. closing here at 1445 for 5 handles profit.
     
    #24042     Nov 19, 2007
  3. If the close for this hour is over 45.25, that would suggest a strong close for the day, and a strong close for the day would mean that there was a successful retest of the bottom (daily chart), punctuated by a Wyckoff spring.
     
    #24043     Nov 19, 2007
  4. Added on at second pullback to 1441. Closed both positions at 1445.75 for +4.75 each. Finally in the black today in my daytrading account. (I may just quit while I'm ahead.)
     
    #24044     Nov 19, 2007
  5. Buy stops went off up to 47.50, which was Friday's low. Support becomes resistance.
     
    #24045     Nov 19, 2007
  6. Didn't do it 45.25... short for the rest of the day? test support again?
     
    #24046     Nov 19, 2007
  7. Looking to sell rallies. But, remember, there is not much time left! I don't like taking day trades much past 3, because if wrong, one can really get trapped.

    I will readily trade after 3 only if there is strong direction, and will even average up if I see blood in the proverbial water. But that is rare.
     
    #24047     Nov 19, 2007
  8. Didn't close over 45.25. Price is back in congestion.

    If today's close = <47.5, a retest is highly likely.
     
    #24048     Nov 19, 2007
  9. Bonds had a huge rally today.

    Also the vix did not move much either.

    Anybody got a greater perspective on this?
     
    #24049     Nov 19, 2007
  10. avarus

    avarus

    Bonds usually lead, low VOLATILITY = buying times.
     
    #24050     Nov 19, 2007
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