ES Journal - 2012

[sttrader]

Quote from sttrader:

1401.5 might be good area to take off longs and wait.

Possible short trade setting up. Too early to tell.

 

[bigsnack]

Quote from Laissez Faire:

Nice spike and gap fill there.

Buy low, sell high. Rinse and repeat.

Once they floored the gas, I had a limit to buy at 95.75's, which I should have known wouldn't be touched.

 

[keeptradin']

Quote from sttrader:

Possible short trade setting up. Too early to tell.

Looks like a false rally to me, volume drying up already.

News was okay, but not good enough to justify an extended rally, IMO. This appears to be more about squeezing shorts than bulls taking control.

Offering 1403 to get short.

 

[Laissez Faire]

Quote from bigsnack:

Once they floored the gas, I had a limit to buy at 95.75's, which I should have known wouldn't be touched.

Greedy bastard.

Tough to be a buyer up here, but she`s not losing steam yet, so I would not dream about shorting this one.

 

[sttrader]

Quote from sttrader:

Possible short trade setting up. Too early to tell.

If swing trading and willing to scale in, could enter a short here and scale in higher. This area will probably be tagged again (not necessarily today) even if we do move higher up.

 

[Laissez Faire]

If no reversal at 1402,75, well, then higher I suppose.

 

[sttrader]

Support (manip) area looks to be 1401-1402 area for the time being.

 

[mastacoli71]

Quote from mastacoli71:

add 96.75, avg 91.5

add 2.5, avg short 94.25

 

[trickshot]

Looks like a breakout, might be targeting new highs at 1418 soon (probably not today though).

 

[Laissez Faire]

Gap fill at 1408,25.