ES Journal - 2012

Laissez Faire · Feb 28, 2012

The wedge formation broke, but without price. Just going sideways here in chop hour.

Ultra mini h&s here, but it looks more like consolidation at the highs to me. Who`s to know.

ActiveTrader07 · Feb 28, 2012

Quote from Laissez Faire:

NEWSFLASH: Breakdowns are not allowed in this market.

Nope, they have been banned by the Fed.

ammo · Feb 28, 2012

Quote from ammo:

add 71..avg 69.5

reduce 70

JoshDance · Feb 28, 2012

SIM long 1 @ 1370.00

ammo · Feb 28, 2012

LF ,you asked how confident was one about this res,the only thing that will break it is ben,the previous bubbles had some meat and potatoes behind them,this one powered by a windsock full of media hot air

JoshDance · Feb 28, 2012

Quote from JoshDance:

SIM long 1 @ 1370.00

stop placed at 69.75

EDIT 1:08pm stop 69.00

Trvlwanderer · Feb 28, 2012

Quote from Laissez Faire:

The wedge formation broke, but without price. Just going sideways here in chop hour.

Ultra mini h&s here, but it looks more like consolidation at the highs to me. Who`s to know.

NAZ breaking it's 15 min wedge. trans and finnies still lagging. looking for some eur guidance at the moment.

Laissez Faire · Feb 28, 2012

Quote from Trvlwanderer:

NAZ breaking it's 15 min wedge. trans and finnies still lagging. looking for some eur guidance at the moment.

Sweet.

Still a H&S.

Needs to break 70 sharply this time. Just not seeing it yet.

RedTankEra · Feb 28, 2012

Short ES limit 78.00 unfilled

Target is dynamic

ActiveTrader07 · Feb 28, 2012

Quote from Laissez Faire:

Sweet.

Still a H&S.

Needs to break 70 sharply this time. Just not seeing it yet.

I would love to short the ES here for 30+ point swing trade; however, I do not have any confidence that will happen in the near future. I view going long here for a multiday swing trade as dangerous after a multiweek 120+ point rally. So, I sit and wait for a better opportunity.

ES Journal - 2012

Attachments