ES Journal - 2012

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Quote from keeptradin':

Short ES @ 47, Target 43.

If we take out yesterday`s lows, which is above your target, don`t you think it`s reasonable to expect more out of the trade?

Like the gap fill below? :)

Nice entry.
 
Quote from Laissez Faire:

Open above yesterday`s low - does it act as support?

Plan the day in advance and play accordingly. Never be surprised. :)

Bounced right at the 5/8 LOD of 43.75...nice call! :)
 
Yesterday`s RTH low defended to the tick and no mercy at the current day`s 50% retracement level.

Not too promising for the short side for the day, I`m afraid. If no resistance at the current HOD, I would bet on the gap above.

At least 53,00.

Choppy action though. Oil inventories in 28.
 
Quote from keeptradin':

Bounced right at the 5/8 LOD of 43.75...nice call! :)

Thanks.

Not really a "call" per se, just what I personally would be looking at and anticipate could happen among multiple scenarios. :)
 
Quote from Laissez Faire:

If we take out yesterday`s lows, which is above your target, don`t you think it`s reasonable to expect more out of the trade?

Like the gap fill below? :)

Nice entry.

Market reacting to Wholesale Inventories report...what a crock.

Added at 49.75, average 48.50.
 
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