ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; looks to me like price could either bounce off the lower Value Area/Reversal Short at low 760s and breakdown from ...

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Old Feb 27, 2009, 11:29am   #211
 
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rathcoole_exile started this thread looks to me like price could either bounce off the lower Value Area/Reversal Short at low 760s and breakdown from there.
Or, completely blast thru the Value Area to high 770s and cap a relatively good week for the Bulls........

but i am, as usual, quite bearish .... which thinking about it, isn't such a good thing - i'm supposed to stay neutral and just play the trades as they occur
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Last edited by rathcoole_exile; Feb 27, 2009 at 11:35am.
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Old Feb 28, 2009, 7:25pm   #212
 
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Quote:
Originally Posted by rathcoole_exile View Post
one unsuccessful Short, stopped out (red box)

and one successful Short (yellow oval) but with a lot of pain on the way.
Just as well i set and forgot, and went to bed, otherwise I would have been tempted to close when the pain got too much
Almost identical to my entries. Lucky you as my second one was stopped out at breakeven order that just covered commission. congrats!!
http://www.trade2win.com/boards/trad...tml#post678846
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Old Feb 28, 2009, 7:31pm   #213
 
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Originally Posted by leovirgo View Post
Almost identical to my entries. Lucky you as my second one was stopped out at breakeven order that just covered commission. congrats!!
http://www.trade2win.com/boards/trad...tml#post678846
thanks. nice to hear my entries aren't all that odd !
sorry to hear you got stopped out; i don't mind giving my Shorts a bit more breathing room these days, but I'm quite quick to kill any errant Longs.

all the best for next week ....
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Old Mar 2, 2009, 7:29am   #214
 
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ESH9 WEEKLY w/c 2 Mar

rathcoole_exile started this thread this week's set-up on the weekly:
looks like an early Long, certainly up to trendline at around 730 ?
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Old Mar 2, 2009, 7:39am   #215
 
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ESH9 Daily Monday 2 March

rathcoole_exile started this thread Monday's set-up ?
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Old Mar 2, 2009, 7:41am   #216
 
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guesswork

rathcoole_exile started this thread possible first move of the week, short bounce to bottom of previous channel and roll-over ?
let's see ........
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Old Mar 3, 2009, 3:34am   #217
 
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ESH9 Daily Tuesday 3 March

rathcoole_exile started this thread Tuesday's set-up
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Thanks! The following members like this post: Joey25
Old Mar 3, 2009, 7:58pm   #218
 
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rathcoole_exile started this thread cheers Joey
BDS never kicked in, none of my pivot triggers were hit so no trades there tonight, but the MP transit was sweet
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Old Mar 3, 2009, 8:04pm   #219
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cheers Joey
BDS never kicked in, none of my pivot triggers were hit so no trades there tonight, but the MP transit was sweet
Your welcome r_e.

By the way, I worked out the other day that DeMark's pivots are just:

Previous day red: DR1 = (FTPP + FTR1)/2

Previous day green: DR1 = (FTR1 + FTR2)/2

In other words, Floor Trader midpoints!

I'm sure you already know that, but on the mypivots.com website it's not made clear.
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Old Mar 3, 2009, 8:16pm   #220
 
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rathcoole_exile started this thread as some may be aware, i also use a different set-up, based on VAH & VAL rather than Actual H & L
here's today's chart showing signals, failures as well as successes, plus the MP transit
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