ES Journal - 2012

trickshot · Jan 12, 2012

Bulls trying to break SPX 1295 resistance again, I think its just a matter of time before the bears give up. This thing will not hold.

Trvlwanderer · Jan 12, 2012

Quote from trickshot:

Bulls trying to break SPX 1295 resistance again, I think its just a matter of time before the bears give up. This thing will not hold.

I made 13 trades today.

10 were short on extensions and upper tl touches. longs were touches of bottom tl. I am happy with my trading and execution but,.....

...my point is that i could have been long early and added on pullbacks once the trend was forming but I did not. the ride up was with minimal risk in that the lower tl pullbacks were well within risk.

I placed importance on s/r and value lines while the market could have given two shits less about them. I gave enough importance to cause me to hesitate. I know better.

Jeeeesh. Bear bias.

:eek:

Lawrence Chan · Jan 12, 2012

HS shoulder 92 to 95

neckline day low below

target is gap fill below.

seouljah75 · Jan 12, 2012

Quote from seouljah75:

short 91.75

out at 90.75

seouljah75 · Jan 12, 2012

Quote from seouljah75:

out at 90.75

Later dudes...

seouljah75 · Jan 12, 2012

Re short at 92.00

JoshDance · Jan 12, 2012

Quote from Trvlwanderer:

I made 13 trades today.

10 were short on extensions and upper tl touches. longs were touches of bottom tl. I am happy with my trading and execution but,.....

...my point is that i could have been long early and added on pullbacks once the trend was forming but I did not. the ride up was with minimal risk in that the lower tl pullbacks were well within risk.

I placed importance on s/r and value lines while the market could have given two shits less about them. I gave enough importance to cause me to hesitate. I know better.

Jeeeesh. Bear bias.

:eek:

At least you were profitable. I had a bullish bias; two losing trades on the way down. Then I'm thinking perhaps gap fill to 78, so I short after a bounce. I can not win playing the game this way. It's so naive that it's laughable. I'm much better than this too; here's to having a great Friday and being in TUNE with the market.

JoshDance · Jan 12, 2012

Quote from Lawrence Chan:

HS shoulder 92 to 95

neckline day low below

target is gap fill below.

The SPX chart and RTH ES of course shows no H&S, only a nice even range. Does that matter in your analysis, or just stick to globex ES?

Lawrence Chan · Jan 12, 2012

Quote from JoshDance:

The SPX chart and RTH ES of course shows no H&S, only a nice even range. Does that matter in your analysis, or just stick to globex ES?

Double top on RTH daily =)

bigsnack · Jan 12, 2012

Quote from JoshDance:

here's to having a great Friday and being in TUNE with the market.

Hang in there Josh, here's to tomorrow.

I missed taking part in the selloff due to sleeping in. I caught a long this morning that I posted, and then nibbled at another one just before lunch, but took it off early due to having to walk away. 2 trades, and my average is usually 2-3 tops.