Ka-please I don't even live here. ES

Discussion in 'Journals' started by aquarian1, Aug 29, 2014.

  1. 9:23 AM 8/29/2014
    Narrow range expected <12pts
    Est range 7.75
    H1997.5 @ 8:32CT
    -7.75 = 1990
    low 1992.50 @9:12

    est mid 1996.75 -4 = 1992.75

    conclusion: low in place. range probably done for the day.
    back to bed.
  2. Code:
    Up    1997.00    1992.75    4.25
        29-Aug    28-Aug    6.00
    High    2001.75    1997.25    4.50
    Low    1992.25    1988.00    4.25
    Open    1998.75    1990.00    8.75
    Close    1999.75    1997.00    2.75
    Percent    79%    97%   
  3. I'm working hard to get myself positive.
    It's amazing how f-king stupid people are. Seems to leave little hope for the planet.

    In any case to ES.
    Yesterday I had Q61= 1999 and Q62 =1989.50
    (Q61 = first point and Q62= second point - I estimate and track turnpoints of 6pts or more).

    With Dir30 down and the o/n fork down the first leg was esi to be down - which it was
    Selling q61 of 99 would have been a great entry as the actual FP (firstpoint) was 1999.75 at 8:31
    -but I wasn't ready - sleep prbs.

    The range est was 7.75 and the first leg was -7.50 - so excellent! Well done!
    Then using 9.75 added to 1992.25 => 2002 versus HOD of 2001.75 !! Great!
  4. actual first leg Capture.PNG
  5. Here a review of gold
    (I don't trade gold BTW)

  6. xandman


    A lot of people are watching for that breakout.

    Anybody with good research that would produce/prevent that breakout? The net is littered with goldbugs.
  7. The chart was made for a fellow trader. (it is neutral nether bug nor bear ;) LOL).

    For myself to keep track I'll give myself a sim account and see how the trades would work out. So buy 2 > 1325 on a daily close with a stop-loss of 1290 and targets of 1346 and 1392.
    and Sell 2 < 1270 on a daily close with a stop-loss of 1290 and targets of 1240 and 1180

    Disclaimer nothing posted here is trading advice just for educational purposes.
  8. Here a review of the prototype ES signals. The only "false" signal is Tuesday but this wasn't really false as the day was caret-shaped with the first up leg of +5.5 almost exactly equal the leg of -5.75 down. week 274.png
  9. Today is a sleep in day with the markets closing early. I'll probably work on some hand charts.
  10. oraclewizard77

    oraclewizard77 Moderator

    The gold 15 min chart is your only good chart, the rest are crap especially the 1st on ES since when u trade for real money like I do you want to remove all lines and indicators that don't predict PA (price action).

    On this chart the best trade would have been a short of around 1292. Every time price came up to this area it was pushed down. As noted price did break a tiny bit above 1292 after bouncing off 1284 before coming down which was basically some stop hunting to take the out the weak shorts. This is basically a perfect head and shoulders chart. The right shoulder could have been shorted which is what I am talking about.
    #10     Sep 1, 2014