ES Journal Archive (2006 - 2008)

It looks more like we'll close in the no-man's land, right at 859. Now what?

 

I still think they will take this lower for the rest of the year.
But, in thin markets anything can happen.

I don't see the Santa Claus rally or January effect in this market environment.

 

taken her off at 858.50


short 861 looking for retest of lows 5 point stop

 

Unless otherwise stated, my prediction is usually for the next 30 minutes.

 

I fell ES is a bargain here ..
Just bought LONG ES multiple loads of contracts .
Entered Sell for 10 points gain . Let us see ...

 

LOLOL

We closed at 859!!!

Don't blame me, I ain't the Grinch! LOL

 

Don't forget it's a half day session tomorrow. ES closes at 12:15 p.m. and will resume trading on Friday at 5:00 a.m.

Have a nice X-mas!

 

Boy, you were on the roll today!

Happy Holidays everybody!

 

do you mind sharing your criteria with us?
and a stop loss, if there is any?

 

I follow fundamentals , news and mostly trade both long/short when markets are at extreme levels (low/high).

What I am learning these days ( due to high volatility ) is , if you keep a rule of only 2 trade /week per instrument , you always get low risk trading oppertunity. The problem is sitting in cash and waiting for opportunities . For that I am trying to practice those 2 trades/week per instruments.

See my crude oil spread trade at this url to get my ideas.
I use stops some times not too often.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2234061#post2234061