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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
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.