ES Journal - 2012

[ammo]

Quote from ammo:

sh 69'25 on trans tl offer 70.25,yesterday's low,a tick under

add 71.5

 

[lucky lucille]

Nothing succeeds like excess, da bulls are empowered.

But for every rally there's the dreaded PB!

How far will this PB, they are asking?

 

[JoshDance]

71s not a bad place to short, if one wants to short, IMO.

 

[lucky lucille]

Quote from JoshDance:

71s not a bad place to short, if one wants to short, IMO.

do you feel lucky?

 

[ammo]

thats the battle line,71-72,too bad its 11 30 cst,means we have to sit here and chop for 30 -60 minutes

 

[satchel]

well I have light sell setups, however, the VIX is keeping on a sell. Once the VIX turns...
still long.

hmm gap closed from yesterday, seems a bit obvious

 

[bigsnack]

Well, I wasn't exact on the pullback distance, but I'm biased long now for sure. Looking for the market to make it to 86.75's at some point here. I missed all of my classic entries on this long while driving to the 9-5, but I would be looking for any failure of a micro bearish trend to hop back on and get long. Maybe somewhere around 67.25's or so. Good luck everyone!

 

[JoshDance]

Quote from satchel:

well I have light sell setups, however, the VIX is keeping on a sell. Once the VIX turns...
still long.

hmm gap closed from yesterday, seems a bit obvious

Not quite on the cash, though maybe it's close enough. Also tempted to short 71.50, but I fear the time of day.

 

[JoshDance]

Quote from bigsnack:

Well, I wasn't exact on the pullback distance, but I'm biased long now for sure. Looking for the market to make it to 86.75's at some point here. I missed all of my classic entries on this long while driving to the 9-5, but I would be looking for any failure of a micro bearish trend to hop back on and get long. Maybe somewhere around 67.25's or so. Good luck everyone!

Good to see you B--where would you have entered long? Doesn't seem that the pullbacks are far enough for your typical entries. Maybe a long at 68, or 66.75 or 67 around 11:30 est, yes?

Meanwhile I'm not so convinced we are long before a significant move down. 6 point initial balance, went 6 ticks below and did a U turn, then 7 ticks above, and now sitting on the IB high at 70.75 ... It's not like we dove into yesterday's range with conviction, though that may have more to do with time of day than lack of demand.

 

[lucky lucille]

i can see 67 here, but just a guess