ES tonight

[rathcoole_exile]

oil update

o
with oil chopping around in this tight-ish channel, I'm not going to look for any more Reversal trades this week, so my resting orders are Long from extreme at 61.30 and short from extreme at 50.41

i missed the short at 50.41 for being drunk, which was probably just as well because i would have been stopped out twice, maybe 3 times, before the trade finally paid off.

i might see if price comes back up above 50.41 tonight for another final attempt at a short, but i have a feeling that i'm done with oil for this week

 

[rathcoole_exile]

still have 2 contracts open, moving S/L up to 736,
profit target 761 or else I'll just exit towards the Close of the week

ouch !! sometimes it hurts to be this goooood

that's me flat gold til next week's weekly pivot plays

 

[rathcoole_exile]

ES Weekly w/c 24 Nov

HKZ
Cam: 870.51 & 831.26
DeM: 836.88 & 812.41

LKZ
Cam: 752.74 & 713.41
DeM: 741.04 & 694.13

have never seen such disparity between the Camarilla PPs and the DeMarks.
Looks like contradicting signals around 831/837


this week's action plan:
resting Buy Stops to go Long @ 870.5 & 837
resting Sell Stops to go Short @ 714 & 693

price moves into HKZ, reversal Shorts @ 831 & 812
price moves into LKZ, reversal Longs @ 753 & 741

 

[rathcoole_exile]

daily ES Mon 24 Nov

HKZ
Cam: 826.79 & 809.39
DeM: 828.79 & 806.32

LKZ
Cam: 774.61 & 757.21
DeM: 774.7 & 765.5

tonights action plan:
resting Buy Stops to go Long @ 827 & 829
resting Sell Stops to go Short @ 765.5 & 757

price moves into HKZ, reversal Shorts @ 809 & 806
price moves into LKZ, reversal Longs @ 775

 

[westernforce]

i missed the short at 50.41 for being drunk,

What you doing trading drunk mate? :cheesy:
Stress getting to you?

 

[rathcoole_exile]

nah, that's why i missed it, have learned my lesson: stay away when a drink's on me

stress, what stress ? this is the most stress-free trading style I've ever used, i love it !

 

[rathcoole_exile]

OSCAR's VIEW on the WEEK

this week's action plan:
resting Buy Stops to go Long @ 870.5 & 837
resting Sell Stops to go Short @ 714 & 693

price moves into HKZ, reversal Shorts @ 831 & 812
price moves into LKZ, reversal Longs @ 753 & 741

interesting video from Oscar this week - he recommends avoiding trading in the run up to the Thanksgiving weekend; and predicts a mini trend reversal prior to the holidays.
Caution advised, caution duly noted.

YouTube - 11/23/08 S&P Emini & Futures Recommendations

 

[rathcoole_exile]

resting Buy Stops to go Long @ 870.5 & 837
resting Sell Stops to go Short @ 714 & 693

i kept getting stopped out at +1 & +2 from 837, I had to make several stabs at this one, which shows the importance of keeping faith with your technique/entries etc, but was finally rewarded with a nice +23 points runner
( I moved my stop to 60 once that was breached, missed the extra 5 or so points from the actual high, but I'm NOT complaining at a +23 runner :cheesy: )

I most probably would have wimped out for +13 when price got to 850, but this was a weekly trade and I rmembered Oscar's advice that trends often reverse in the days immediately prior to a long weekend, so I was a little more willing to stick with this one.

that's it for this week, no more trades, am off today for some R&R in Da Pilpines

good luck.

 

[rathcoole_exile]

tonights action plan:
resting Buy Stops to go Long @ 827 & 829
resting Sell Stops to go Short @ 765.5 & 757

obviously the Daily Long trades both paid off superbly, providing a little bit extra spenidng money for the long weekend in Angeles City :clap:
see youse next week

 

[rathcoole_exile]

i kept getting stopped out at +1 & +2 from 837, I had to make several stabs at this one,

just one final observation - all the +1s & +2s I was getting, (plus a couple of scratch trades), where did all those 1s & 2s come from ?
From the Stop Running of all the Safety Stops put in by people going Short because their indicators were screaming "OVERBOUGHT - SELL NOW !!!"

wrong

 

[rathcoole_exile]

ES Weekly w/c 01 Dec08

HKZ
Cam: 958 & 926.5
DeM: 953 & 910.5

LKZ
Cam: 864 & 832.5
DeM: 854 & 839

this week's action plan:
resting Buy Stops to go Long @ 953 & 958
resting Sell Stops to go Short @ 839 & 832

price moves into HKZ, reversal Shorts @ 926.5 & 910.5
price moves into LKZ, reversal Longs @ 854 & 864

 

[rathcoole_exile]

ES Daily 03 Dec

finally made it back to Bangkok this morning after being stranded overseas for a few days while the muppets besiege the airport. here are the kill zone set ups for my first day back:

HKZ
Cam: 870 & 859.5
DeM: 869 & 855

LKZ
Cam: 839 & 828
DeM: 836 & 831

tonight's action plan:
resting Buy Stops to go Long @ 870
resting Sell Stops to go Short @ 831 & 828 (nice confluence with Weekly KZ)

price moves into HKZ, reversal Shorts @ 859.5 & 855
price moves into LKZ, reversal Longs @ 839 & 836

 

[rathcoole_exile]

ES Daily 04 Dec

HKZ
Cam: 895 & 881.5
DeM: 895 & 877.5

LKZ
Cam: 855.5 & 842
DeM: 854 & 847

tonight's action plan:
resting Buy Stops to go Long @ 895
resting Sell Stops to go Short @ 847 & 842

price moves into HKZ, reversal Shorts @ 881.5 & 877.5
price moves into LKZ, reversal Longs @ 855.5

 

[rathcoole_exile]

ES Weekly w/c 8 Dec

HKZ
Cam: 919 & 895.75
DeM: 885 & 867

LKZ
Cam: 849.25 & 826
DeM: 824.75 & 800.5

this week's action plan:
resting Buy Stops to go Long @ 885 & 919
resting Sell Stops to go Short @ 826 & 800.5

price moves into HKZ, reversal Shorts @ 895.75 & 867
price moves into LKZ, reversal Longs @ 824.75 & 849.25

 

[rathcoole_exile]

ES Daily 08 Dec

HKZ
Cam: 907 & 889.75
DeM: 907.25 & 884.75

LKZ
Cam: 855.25 & 838
DeM: 853.5 & 844.75

tonight's action plan:
resting Buy Stops to go Long @ 907
resting Sell Stops to go Short @ 844.75 & 838

price moves into HKZ, reversal Shorts @ 889.75 & 884.75
price moves into LKZ, reversal Longs @ 853.5 & 855.25

 

[rathcoole_exile]

ES Daily 8 Dec **FTPs**

I usually only use Camarilla and DeMark derived Pivot Points to calculate my "Kill Zones" but recently I have also been keeping any eye on Classic or Traditional Floor Trader Pivots to see how they fare in comparison.
So for this week, i'll also post the daily FTP-KZs for evaluation:

HKZ 896.75 & 876

LKZ 844.75 & 833

tonight's watch plan:
resting Buy Stops to go Long @ 896.75
resting Sell Stops to go Short @ 833

price moves into HKZ, reversal Shorts @ 876
price moves into LKZ, reversal Longs @ 844.75

already I can foresee some interesting situations 'cos the 844.75 where I go Long on FTPs is the same place I should go Short on DeMark

 

[rathcoole_exile]

tonight's action plan:
resting Buy Stops to go Long @ 907
resting Sell Stops to go Short @ 844.75 & 838

price moves into HKZ, reversal Shorts @ 889.75 & 884.75
price moves into LKZ, reversal Longs @ 853.5 & 855.25

a couple of false starts, scratch trades and a wee loss before the move kicked in

 

[rathcoole_exile]

FTP update

tonight's watch plan:
resting Buy Stops to go Long @ 896.75
resting Sell Stops to go Short @ 833

didn't trade it as i'm still on a watching brief, but obviously the FTP Long kicked in earlier and more profitably that the Cam/DeMark Long on this occasion

 

[rathcoole_exile]

ES Daily 09 Dec - CAMARILLA

HKZ 933.25 & 919

LKZ 890.5 & 876.25

tonight's action plan:
resting Buy Stop to go Long @ 933.5
resting Sell Stops to go Short @ 876

price moves into HKZ, reversal Shorts @ 919
price moves into LKZ, reversal Longs @ 890.5


update: tough going last night, trigger for the reversal short wasn't hit so just had to sit n suffer as I watched price drop.
tried to get a +10 from 890.5 on the reversal long but just failed to hit profit target so closed at eod more or less at scratch :-(
long frustrating night with no result

 

[rathcoole_exile]

ES Daily 09 Dec - DeMARK

HKZ 938 & 920.25

LKZ 894.5 & 886

tonight's action plan:
resting Buy Stop to go Long @ 938
resting Sell Stop to go Short @ 886

price moves into HKZ, reversal Short @ 920.25
price moves into LKZ, reversal Long @ 894.5 update: this one triggered, but only just, for +1 +2 +10. now flat


update: tough going last night, trigger for the reversal short wasn't hit so just had to sit n suffer as I watched price drop.
tried to get a +10 from 894.5 on the reversal long but failed to hit profit target so closed +1 +2 -4
then the Short from 886 kicked in twice for -4-4-4 & -4-4-4
Not a good night :-(


as I've previously mentioned, but worth repeating, I trade the Cams & DMS seperately and independent of each other, even if one trade direction would contradict the other