ES Journal - 2012

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Quote from lucky lucille:

funny thing about human nature..have rules yet i still think i'm smarter on the moment :mad:
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that's youth,it changes,trick is to be ahead of the curve,hard enough to keep up,great if one can pull it off
 
Quote from JoshDance:

These 6-10 point ranges every day are slowly killing my soul.

Since noon ET, we have fallen far behind the 20d median volume by about 6-8% on the day. I need to see some volume to do anything at this point. Too bad I'm not still in this from 05; funny, that seems like ages ago.
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Which probably makes sense for daytraders to stay away now. Its so easy to manipulate this market with this kind of volume and range. Most will be whipsawed if they try to trade this.
 
Quote from JoshDance:

Funny, you were buying as I was getting out of my long! Shows how different the perspective can be when one is already in, versus looking to get in.
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Yes you are absolutely right. It's amazing how hard it can be to stay in a good trade that I am already in, however if I were flat I know I would be looking to enter for another higher high or whatever. Very interesting!
 
Maybe the test of 04.50 earlier was enough, but a move up from here smells fishy without a retest of 05. A few minutes ago there was practically no interest (only 51 contracts sold) in selling below the IB high (06.75) though, so maybe there simply won't be any more down below this recent low of 06.50
 
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