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out of sim contract and 1 real contract at 1253.75......have to manage risk, 1 real contract remaining long

1 more long 1252, this is sim long - no more money in cash account. Had there been free margin, would have taken this long. Target 55

this drop on the news that S&P putting large banks "in eurozone" on creditwatch negative. So kind of similar news story about putting sovereigns on credit negative. Should have limited impact. let us see

yes thats a bazooka risk you have there. We might drop tomorrow or day after on disappointment, till then its rally rally. Edit: Actually if you look carefully that risk is being reflected in Euro, which hasn't rallied at all over the last 4-6 days compared to ES. So, yes your idea is correct...

Buy one more at 1255.5, target 60-62

nice trading there mate, you doing well today.

price consolidating, then going up. again and again...rinse and repeat Are we witnessing a trend up day ? or is it going to reverse and we going to witness a deep pullback ?

sold 1257, now buy limit at 1255 Edit: Bought 1256.75, seems the long trend is intact, no point in missing a move.

covered both at 1253, now long 1 contract. This has been a blood red morning for me till now!!!

left shoulder and head formed for a IHS pattern intraday----if it pans out, we might go up after being down for a point or so.

price at 20 EMA and 50%....good point to sell, for a continuation of trend down

short 1 more at 1246.

out at 1247.5 for a 0.75 point loss, now short 1247.5, target 2-4 points

long 1248.25, 2 point target

Good Morning All! 1254.75 is yesterday's 415 close. Other than that, is there anything more significant with that number ?

Thanks for your explanation, always good to hear a different analytical take on the market, might just light a new spark!

possibly yes, thanks for the tip. :)

nice trade, what was the premise/setup behind the trade, if you can explain ? Because if you were going countertrend, you would have most likely gone with a target of 2-2.5 points...but you went for 6 points, what was that you saw in the market ....wondering!

out both contracts at 64. I think we will touch 68 today, but I will be extremely unhappy with myself if it turns back and I am forced to close around 60 or below. So no more longs for the day, maybe shorts if something setsup.

buy 64, target 66...this could be risky