ES Journal - 2012

[tortoise]

Quote from JoshDance:

out flat.. waiting for more info

edit: given the criteria I look at, I am expecting a rather tame day today, though I would love to be surprised and wrong about this.

because of yesterday's range?

 

[JoshDance]

Quote from JoshDance:

SIM short 1 @ 70.50

target 68

stopped out 71.50, -1.07 incl comm

 

[Laissez Faire]

Israel just bought the dip.

On a more serious note, this may be a decent low risk short opportunity, but I`m not trading today, so I`ll pass.

 

[JoshDance]

Quote from tortoise:

because of yesterday's range?

Because of volume overnight, and so far confirming since the open; and largely because of where we opened in relation to yesterday; and due to no scheduled news. I would love to be wrong about this though.

 

[JoshDance]

SIM short 2 @ 69.50

 

[tortoise]

Quote from JoshDance:

Because of volume overnight, and so far confirming since the open; and largely because of where we opened in relation to yesterday; and due to no scheduled news. I would love to be wrong about this though.

interesting! never thought to consider overnight volume. hmmm...

 

[JoshDance]

Quote from JoshDance:

SIM short 2 @ 69.50

out flat ... it's probably gonna go, but major major spx support here, given it's a friday IMO -- the 2011 high held yesterday afternoon, and here is the retest

http://screencast.com/t/cLxb54et

edit: the market has been rotating around this point all week -- on a Friday, a nice breakaway and new highs could really put an exclamation mark on where this market wants to go.

 

[JoshDance]

SIM long 1 @ 72.25

 

[JoshDance]

Quote from JoshDance:

SIM long 1 @ 72.25

out 72.50 for a tick -- just realized that this was an spx gap fill, not sure about the market's direction beyond that point, will wait .. yesterday's high seems logical but could be just an excuse for shorts to slam it, we'll see

 

[JoshDance]

SIM long 1 @ 72.50, will add 1 @ 73.25

looking for 75 first