ES Journal - 2012

[trickshot]

Quote from JoshDance:

Based on what I'm seeing here, at least so far it does not seem that long term market participants are willing to take this higher. Maybe a late day rally will ensue, but this thing should have shot up like a rocket once 7s held twice, both times on substantial bids, and then broke 11s. Why do they hold 07s so fiercely, yet they won't pay up a few more points to take it up? I'm not sure, but the volume just isn't there yet to see the likes of 19s and 29s. They simply do not seem confident in the market enough to pay into it. That's the only explanation I can venture a guess at. Or maybe it's just the time of day.

I think its because the SPX daily chart is bearish (short term at least). I dont think we are done with the downside.

 

[tomahawk]

Gap is such a tease up there at 1315. Failed to fill on first attempt in the opening hour, but seems almost too close not to have another stab at it.

 

[bigsnack]

Quote from bigsnack:

I'm going to try adding at 12.25's if we get back up there. Target still 15.25's.

14.75's first target, 15.25's second target.

 

[gmst]

Quote from bigsnack:

14.75's first target, 15.25's second target.

Scaling in as the price moves in your favor and when there is momentum is one of the fastest and safest way to make money, provided you scale out before price reverses itself

 

[ammo]

Quote from ammo:

tarns topping?, sh 11.50 minute ago..macho ,read a few days ago where the funds are moving out of equities and into commodity /currencies,hence the low volume and easy manipulation by major banks/houses

add 13 ,todays nip is 10,out 13.75

 

[chaykapwr]

here comes your rocket move

edit to the upside of course

edit: Order flow looks bad though, i would be cautious with longs

 

[Jestersofmalice]

Quote from Jestersofmalice:



long 1309.5

looking for 1314 and then i'll probably finish for the week

out here at 1314 for +4.5

 

[Max618]

$ES_F: Internals Slight Bullish. Trading above VAL 1312. Playing the gap close game on 1315. Next target 1316. PRZ.

 

[ammo]

Quote from Jestersofmalice:

out here at 1314 for +4.5

ka ching ,nice trading for a few weeks here

 

[ammo]

15 ledge,sh 15.25