ES Journal - 2012

[satchel]

Quote from satchel:

s 78.5

shorted after ISM at 10:00, never made a new high after that.
schwing.
choose your spot and don't overtrade and be patient.
this should be a pretty good high swing from today, as a temp top for the next couple weeks.

+8.5 pts and counting.
going out on the lows of the day
also shorted NQ

 

[bigsnack]

Quote from JoshDance:

Well that would have been a nice +3 points or more. Anyone else feeling a bit skiddish about trading after such low volume over the holidays?

Yeah a bit. I just SIM traded today to get my feet wet, since I barely looked at charts over the past week or so.

 

[bigsnack]

I'm going to take a wild guess here and say that we are setting up to go into a half gap fill at around 1264.25's / 1265's.

 

[satchel]

still 78.5s, sinking. lows of session.
euro breathing on 3000 again.

 

[Trvlwanderer]

Quote from bigsnack:

I'm going to take a wild guess here and say that we are setting up to go into a half gap fill at around 1264.25's / 1265's.

 

[Macho]

Sold 1 @126875 another on at 127125

Stop ZB 143'00

 

[satchel]

still 78.5 s - looking at morning lows to exit. not the half gap fill the full gap fill.

 

[Lawrence Chan]

Quote from Lawrence Chan:

daily breakout to upside thru a huge gap.

so a retest of the pre-breakout resistance zone is in order.

For ES that is 66.

66 tagged.

 

[Trvlwanderer]

Quote from satchel:

still 78.5 s - looking at morning lows to exit. not the half gap fill the full gap fill.

Why exit at morning lows when you expect the full gap fill. We have a ways to go. Scaling in is a no brainer for max size on each leg.

Talk to me goose.

 

[satchel]

Trvl, based on time - gap fill here is yesterday gap. lows within 2 hours of open , or gap fill...if not then odds go down. gap fill or time, whichever comes first.

i do not doubt the bulls capacity to buy morning low.