ES Journal Archive (2006 - 2008)

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

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  1. Classic Mae West quote ! LOL !!!!! :D :D :D


    Another quote :
    "Ya know it was a toss-up whether I go in for diamonds or sing in the choir. The choir lost."
     
    #25151     Nov 30, 2007
  2. ... time to keep breaking... after having broken out... after 5 wave down in falling wedge.... :)
     
    #25152     Nov 30, 2007
  3. Funny...

    Went short from 1475.50 about the same time you did, but had to leave for the day, so had to put the trade on autopilot. Placed a limit order to buy back at 1462, and set a trailing 4-point stop (wider than usual, but this was on autopilot).

    ES dropped to 1465 (dragging stop to 1469), then rebounded back up into the 70s. Trailing stop took me out at 1469, exact same place you exited. So ended trade at +6.5. In retrospect, I probably wouldn't have done better had I traded the move live.

    -----

    I'm puzzled by the fact that the move down from 1477 stopped after only 12 handles. That doesn't seem like enough for the expected wave 4 down after a 57-handle wave 3 up from 1420.50. At minimum, I'd have expected a 38% retracement (~20 handles down) but we didn't get it. The more I look at it, the more today's 12-handle downmove looks like nothing but a bull flag in the middle of what might turn out to be a 100-handle wave 3 up (to perhaps 1520).

    Also puzzled by this AH move from 75 to 82 and back. I'm inclined to disregard it from an analytical standpoint.
     
    #25153     Nov 30, 2007
  4. mbusch,
    what bar length are you using to do your wave count?
     
    #25154     Nov 30, 2007
  5. tortoise

    tortoise

     
    #25155     Nov 30, 2007
  6. avarus

    avarus

    95% prob of turning here above 76+. Downside target still 1450-43. Crude Oil coming down still, watch 85 for pop or more drop.
     
    #25156     Nov 30, 2007
  7. volente_00

    volente_00

    rule of 10 short signal
     
    #25157     Nov 30, 2007
  8. Short from 1488.75, full position.
     
    #25158     Nov 30, 2007
  9. fka

    fka

    Didn´t expect such a heavy move premarket again.

    Bit confused and clueless now.

    Equities are on a sick heater, about 6% up in 3(4) days. Have not seem this for a long while.

    If we keep this level til opening, I am going to short NQ at 2125+33 for a consolidation down to 2105(or gapclose).
     
    #25159     Nov 30, 2007
  10. volente_00

    volente_00

    1491 cash hod

    :)
     
    #25160     Nov 30, 2007
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