ES Journal - 2012

[JoshDance]

Quote from JoshDance:

sold 97.50

out BE

 

[bigsnack]

L 96.75's, stop at -1.

 

[lucky lucille]

Quote from bigsnack:

L 96.75's, stop at -1.

S97

i'll take the other side of that

 

[bigsnack]

Quote from bigsnack:

L 96.75's, stop at -1.

target 13.25's if we get some more momentum to the upside, although we have a little ledge forming here at 97.50's....

out at -1. I'm ready to buy again as long as we are above 94's.

 

[JoshDance]

Quote from bigsnack:

target 13.25's

Anything's possible but draw the up channel on the 30/60m chart and it's been respected pretty well so far, and the top of that would put us topping around 1306 if we get that far.. that would be a 20 point day, biggest range so far this year (I think). Not sure we have the volume to push 13s but anything can happen in this crazy market.

 

[lucky lucille]

good analysis JD,thanks, keep watching the candles for clues to direction

i trade off 5min & 15

 

[uptickk]

Quote from lucky lucille:

Also, where do you get 1297 as "R1" if don't mind me asking?

Had to step out for a sec. I use the Classic Pivot Points (only use RTH). My chart doesn't allow me to do it so I get to do it myself.

For yesterday

O 1296.5
H 1299
L 1286
C 1289.5

 

[lucky lucille]

here comes the pain

 

[uptickk]

Quote from bigsnack:

I do. I'm content with 3 pts, but if I make 6 pts I automatically stop. Statistically I am still net NEGATIVE in the afternoon session, so if I have a good morning, I try to avoid giving it back after lunch.

Very interesting. I actually am far more hesitant to take ES trades in the afternoon myself as I trade far more poorly.

 

[v34rm]

sell 1296.75 stop 1299.25 limit 1290.50