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ES 12-8-08


GM Traders

Daily PP: 856.25
Weekly PP: 861
Monthly PP: 881
POC: 829.75

R1: 895.75
R2: 918.75

60m: 933, 980.50
15m: 910, 914.50, 922
took 1 off 98.50...stop be
Tell me your still short VO!(AND THE TARGETS!)
abc proj's 89.75, 85.50, 80.50
have 2 left
quote:
Originally posted by bbrad63

What time bar did you look at mypt I snapped it on the 12:29 bar still figurring it out



1 min chart seems they were fighting that that 901 area so took a break out move from it thats why I only used a 1.5 stop
need 96.25 to break
GOOD CAUSE IM CHASING HERE , SHORT FROM 898.50 COVERING 895.50
close over donuts not good!
1 MIN SEEMS TO BE CONFIRMING THE 5 MIN PROJ TO 895 AREA(894.75)
done
How true Kool..the way I look at is if the market only trends 30 % of the time ( and that's probably generous) then we need to make most of our money on counter trend trades unless you are the type who can take many losses and win on the trending 30 % of the time...I can't
quote:
Originally posted by koolblue

you know what i really love? A 300 point up day in the dow and most of us made most of our money SHORTING the market. FRIDAY TOO you know your doing something right when you can do that! Congrats to all.. c ya tomorrow!