ES Journal - 2012

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playing with scalping so hand charting using 1 point increments,so 7,7,25,7.5,and 7,75 all fit in the 7 box,there are 4 boxes there so far (4 out of the 8, 1/2 hr prds since the open),representing a ledge, a working buy order,when its gone we could drop,nip now is the 10 box,rth
 
After making the first HH of the drift, the volume was underwhelming, and it has not continued. Not really very bullish, I expected a much more aggressive push up.
 
12:41pm $ES_F: Market rejected VAL again but Daily Gap is still open so wait until market breaks the Initial Balance (IB)

12:54pm $ES_F: Internals flat and still mixed. After lunch the market should decide whether to accept trade inside VA or moves down to 1300.

01:15pm $ES_F: Market looks like more vulnerable to the downside unless it can move up above 1312 (VAL)
 
Quote from bigsnack:

I just fell off my chair!!!

Now I'm back to feeling 15.50's
More...

The chart has the right look to me for a move up. I don't think the bearish TL is going to survive this time.
 
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