ES Journal - 2012

[ActiveTrader07]

Ammo, thanks for your feedback today.

 

[ActiveTrader07]

Quote from Laissez Faire:

How confident are you that we will see a drop from this area and not continue toasting the shorts while marching towards 1400?

Tomorrow should be interesting.

Last week, I thought we would just see a retest of 1370 and quickly reverse. Now, I am not sure, and, I agree, tomorrow may be a key day for the reversal thesis.

 

[ammo]

Quote from ammo:

add 68.25 avg 66, 5.75 bid for reduce ...

filled on 5.75 bid, todays rth profile was a p shape which suggests higher tommorow http://www.elitetrader.com/vb/showthread.php?s=&threadid=127338&perpage=6&pagenumber=2

 

[FreakofNature]

Ammo,

One thing Ive been noticing is that ES tends to have a hard time making higher highs after it makes higher highs.

ES is very different when its rallying off the lows than when it gets to recent highs and tries to break out.

I guess what im trying to say is that it breaks out easier when breaking lower highs than when doing higher highs.

Not sure if that made any sense

 

[ammo]

know what you mean, been above 60 for 6 days now and hasnt broken thru,make you wonder about distribution,can't believe you start accumulating at top of 70- 80 pt run

 

[FreakofNature]

Quote from ammo:

know what you mean, been above 60 for 6 days now and hasnt broken thru,make you wonder about distribution,can't believe you start accumulating at top of 70- 80 pt run

Probably better to accumulate shorts at higher highs and never at lower highs right?

 

[ammo]

better at resistance if it is indeed resistance, never know til it moves away

 

[Hooti]

Quote from ActiveTrader07:

Ammo, thanks for your feedback today.

you too ActiveTrader07, we are all learning



If awake when the european mrkt starts moving, won't be able to help but look tonight!
That's 1 in the morning for me...

 

[JoshDance]

Acceptance per week

http://screencast.com/t/J9L5WKQaI

 

[JoshDance]

I don't usually watch it, but the Dow 13K is drawing attention, and I noticed that in the last 5 minutes before the close it sold off just below it, it couldn't close above. Just a note for anyone who might find it interesting but like me, didn't follow it today.