ES Journal Archive (2006 - 2008)

Key failure at $1520.00 spy, es $1525.00 or so. If I had infinite capital, I would be full on short with a stop at $1520.00.

daily spy

 

kinggyppo,
help me out here. Why is that the labels on your swing highs read higher low, when they appear to be lower highs?

 

hes talking about the bottom of chart ,lows are rolling up

 

second target hit and filled

7:1 reward to risk

 

Apex, question if I may:

You posted two charts showing the 78.6% zone. One was of the $SPX showing the zone around 1413. The other was of the ESZ showing the zone around 1425. Seems like a bigger difference than accounted for by the time premium. Are those the correct figures?

 

trailing stop down to 749 to lock in a profit on last remaining unit.

 

one was a daily chart.. the other was 15minute different swings.

 

see if they can put a wedge in down to the main support.... that would just be to good to be true.. market PA looks bulllish.

 

Ah so, thanks!

 

you may be right here, Anek does a great job of explaining this on his thread. My point is that the price action is dictating to sell the rallies or sell the swing highs made.