ES Journal - 2012

[satchel]

sticking in trade, gotta follow my setups - no long.
(shuts eyes)

 

[Trvlwanderer]

Quote from satchel:

sticking in trade, gotta follow my setups - no long.
(shuts eyes)

64 to 66 appears to be the choke

 

[Trvlwanderer]

finnies leading the charge and dtx solid. the eur btreak may hold the direction.

flat for now...too much risk.

it want s 72-73

 

[JoshDance]

Quote from Trvlwanderer:

diverging from ES and other majors.

Are you looking at a chart of the finnies or just a percentage? They were down the most of any sector when you wrote this (-1.6%), does not seem to be divergence? Sorry for confusion. Also, is there a reason you choose to look at the financials, versus some other sector? Thanks trvl.

http://screencast.com/t/9f5AIM4UZTz

 

[Trvlwanderer]

I look at IYF. it was well above the lows while indu was closing it's gap and dtx was baselining. comp was the biggie refusing to make new lows. oil halted and reversed at that time as well. those factors contributed to the lower TL/exhaustion touch.

 

[Trvlwanderer]

pile on them shorts so we can squeeze beyond 75. *talking to the "crowd". I would be a nervous short.

 

[DanS]

going to at least 79 today

 

[satchel]

Quote from Trvlwanderer:

64 to 66 appears to be the choke

make it so, you bought earlier +nice trade btw if you held.
I could have had a big meal at 1260 when the Dow hit -128, didn't take enough off to make a difference.


still hanging in there following the plan.

 

[satchel]

Quote from DanS:

going to at least 79 today

i'm on board, but can we close Monday gap first

 

[JoshDance]

Quote from Trvlwanderer:

I look at IYF. it was well above the lows while indu was closing it's gap and dtx was baselining. comp was the biggie refusing to make new lows. oil halted and reversed at that time as well. those factors contributed to the lower TL/exhaustion touch.

Excellent, thanks trvl.