Happy 5th birthday ES Journal!!! The boat building is going according to plan: FNH: 24s/3t/75% = 3 ft DLF: 6/3/6 = 30 ft I will explain later the abbrevations and how to trade it. Still no takers on the lollypop offer???
1st perfect trade on ES, and yes I wish I traded more contracts. Using 2 charts both a vol and time chart, I saw on my vol chart a possible bearish signal. This is a new signal that I developed through looking on past charts. I went short on market. I then checked my time chart to confirm, and we did make a LH. Now my target was 2 points, and I set a chart based stop of 1.5 points. My target was also a fib pullback level. I thought the market could actually even go to a lower fib level which it did after breaking weak support. I then walked away from my computer so I would not micro manage the trade. This was my 3rd trade of the day, and my last. I also bought a bullish vertical on the QID to compliment and hedge my bearish USO vertical put spread that I bought.
Hey, somebody help me with the math, what is 1320-38??? I think we have a good chance to get there in 2-3 days.... Also, I don't want to repost here, but I posted the evaluation of my longer term prediction from 3 weeks ago here: http://www.elitetrader.com/vb/showthread.php?s=&postid=3109754#post3109754 Except the width of the sideways, I pretty much got right everything else...