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ES 12-05-08


GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
1 off 25.75
long one at 825.25, poor entry so got a 3.5 point stop
fill was 27.75...stop 26.75
stop 25.75
sorry for the late reply VO....That was my second trade after the short at the 35 - 36 .....the 40 was the better area as it was the highest volume from yesterday and it was the perfect plus 8-10 point range off the open print...I exited my last at 24.25 and am flat..volume spike here is my obvious concern
quote:
Originally posted by VOwater

bruce...will you consider selling the 40ish area?

will try for 20
remember singles 817-817.75 and 817.75-820.25
stop 25.25
flat 23.50
stopped at a loss of 3.5 down 0.75 on the day...just noticed the a-b-c your playing VO. HOLDING FOR 816.50?
Welcome to the forum UKtradergirl


These dynamic charts (volume and tick charts) take a little getting used to at first. VO uses a 610 tick chart which matches my volume chart fairly closely.