ES Journal - 2012

[tortoise]

Quote from tortoise:

I'm looking for serious-ish selling to start at 1316 or 1370

I have no idea which...yet

I take it back. Looking for a flush to start today or tomorrow at or around 1316 and taking us into next week before the next leg up to 1370.

 

[JoshDance]

Just noticed the spx daily trendline we were all talking about over the weekend is about 1 point higher from right here. (1316.53)

However, we have already broken the same ES daily trendline. Just adds to confusion for market participants (of course this could be because my ES daily has gaps on holidays, whereas my SPX does not typically, and that amount could make the difference -- another reason I hate trend lines, too many variables even on the same instrument)

 

[chaykapwr]

Quote from chaykapwr:

scratch that, taking break

trade no longer valid anyway

 

[JoshDance]

Quote from gmst:

out at 1310.25, will look to buy again on a pullback. I hope it is not a mistake to sell now

Nice job buddy!

 

[Trvlwanderer]

Quote from fishing:

hard for me to trade days with slow grind like this.

how do you guys get in and manage your trade? just buy and hold?

most of my trades have a time limit I try to maintain. Slow grind days get me out with leaving much on the table. Makes interactive brokers happy, but trims points from the bottom line.

It is tough for me.

 

[tortoise]

BO coming?

 

[uptickk]

Quote from tortoise:

well, who knows...we should get a pb here, but yesterday's high was defended...i'm flat and rooting for ya


[EDIT: looks like a sideways correction now...careful!]

Agree with sideways. Might be getting out a little sooner.

 

[gmst]

Quote from JoshDance:

Nice job buddy!

Thanks Josh!

Btw, Euro pulled up a sharp rally in last 30 minutes, getting new HOD.....all 5 minute bars up and up and up!

 

[bigsnack]

Quote from bigsnack:

I think I'm going to have to take it at 11's if we get there because I will have to leave shortly.

Guys, I just remote desktop'd into my PC at home, and I was filled at 11's, although we didn't pass through it. I still have no clear sell signals yet on my end.

 

[gmst]

Long 1308.75, Stop 1304.5, target eod

If it comes back and stops me out, it will mean the bull run for today is over and opex guys are in charge.