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ES 11-25-08


daily: 1073 / 736.25
60m: 910.75, 899.50
15m: 916, 884
5m: 875.50,

need to retrace a bit before we get any downside projections
Vo, the only reason i make money "every day" is cause i dont make a lot! Just go after high probability tiny scalps (1.5- 3) handles... and where were you when i dropped about 10 handles not too many weeks ago? LOL
lol
Back to the averages around 846.75, 5 min avg is 849.10 tho
One thing, and this is just a guess, but sometimes i wonder if some try to 'piggyback' my trades and after a loser, get 'gun shy' on the next one which turns out to be a good winner! As youn know , im relentless, and if i think were going down for instance and im stopped near an avg or some thing i have no problem jumping right back in! Lots of people have trouble doing that and , frankly ,i used to ,too! But thats the advantage of trading very small time like i do, cause one or 2 150 dollar losses mean very little to me . Vey differnt than playing for thousands!
Bingo on my projection 838.75, gotta go, gang , Kill em for me!
PS: dont forget that 825 projection!
who can forget the deadly 15!
We'll kill 'em for you. Kool I love your tools!
wow no poc bounce
should bounce here at 833
Thanks VO. I haven't been working with Kool's cycle projection tool much and was experimenting this PM. I was using the cycle highs and lows and using 1.618 from the end of the cycle. In my notes I had Kool saying to use 2.618 from the beginning of the cycle. Using the 1.618 I had a cycle H to L of 17.5 when fibbed by 1.612 gave me a 28.25 point expectation which added to the cycle low of 833.5 gave me a 61.75 target. For that second cycle projection that negated I had 61.5 - 47.25 = 14.25 * 1.618 = 23 + 847.5 (cycle low)= 870.5 target. That's the one that didn't hit at the end of the session. Maybe I am oversimplifying it.