ES Journal - 2012

[mastacoli71]

i like this website for patterns. here is the link for symetrical triangles

http://stockcharts.com/school/doku...._analysis:chart_patterns:symmetrical_triangle

not posting this to encourage trading it but strongly feel this is what is setting up right now.

 

[mastacoli71]

Quote from mastacoli71:

reduce 14, avg short 14

reduce 1310, avg short 14

 

[Mr. Miyagi]

Long ym 12460

tg 535
stop 408

 

[creekboy]

took 1/8th off @ 23 for 27points
will let last 1/8th run
stop to b/e
off till tuesday -have a great weekend

Quote from creekboy:

took 1/8th off for 15 @ 1309.75 -now will let the last 1/4 run to 1354

 

[failed_trad3r]

Wow nice rally premarket

 

[mastacoli71]

Quote from creekboy:

took 1/8th off @ 23 for 27points
will let last 1/8th run
stop to b/e
off till tuesday -have a great weekend

nice cb. wish i took the same trade.

 

[mastacoli71]

Quote from mastacoli71:

60min ES

i see a symetrical triangle setting up. from what i have read, 75% of the time the breakout occurs in the direction of the current trend.

well so much for that analysis. talk about whipsaw.

 

[keeptradin']

Quote from keeptradin':

Here are the levels for the next session.

I will cover my short at 1310.

Covered short during Globex @ 1310, +6.

 

[mastacoli71]

Quote from keeptradin':

Covered short during Globex @ 1310, +6.

good job KT. i was bidding the rest of my position at 1305. went to sleep and woke up to a shit storm

 

[mastacoli71]

definitely an underlying bid in the market. i guess the big boys want to push it higher and unemployment claims and durable orders are probably going to give us direction for the morning.