ES Journal - 2012

[mastacoli71]

Quote from tortoise:

Big trendlines are never wrong.

Right?

Until they break and close below / above them. Sometimes they are false breaks, sometimes not. Sometimes they come back up / down to retest.

Today we will see how this pans out. First time since 12/23 that the shorter term MA's are looking to cross the 50 day. Daily chart attached.

In any case, should be a good trading day.

 

[mastacoli71]

60 min for smaller time frame reference and some potential points to trade long. We are already close to full ATR in overnight session. I am not willing to take any longs until 57.5 and average in around the low from 4/11.

 

[mastacoli71]

60 min attachment

 

[mastacoli71]

another 60 min with additional downtrend channel formed that supports bear view. i would be willing to short the daily trend line that we broke based on this.

 

[tortoise]

Quote from trickshot:

Well there goes that trendline.

Yep.

 

[keeptradin']

Quote from tortoise:

Big trendlines are never wrong.

Right?

I would draw the line like this.

The break below 1390 on 4/5, and failure to trade above that level on three occasions recently, seems to confirm the downtrend.

 

[ammo]

1361 cash, anyone know how to change the font size,i changed it to too small a while back and dont know how i did it

 

[tortoise]

Quote from keeptradin':

I would draw the line like this.

The break below 1390 on 4/5, and failure to trade above that level on three occasions recently, seems to confirm the downtrend.

I wouldn't draw it on ES...not sure it should be drawn on SPY, either.

SPX is probably best for this sort of thing

 

[mastacoli71]

long 57.5

 

[ammo]

Quote from ammo:

reduce 85...avg 83

reduced last week at 76, reduced at 58 on the spx 61 touch