ES Journal - 2012

[keeptradin']

Quote from keeptradin':

ES is selling off hard at the open, next support at 1312.

Considering a bid at 12.25, but looks a bit risky...

Home sales numbers at 10:00. This selloff could well be positioning for a rally if numbers are good.

Got a bid sitting at 12.25, could get filled on a quick dip after the report is released...

 

[keeptradin']

Quote from Laissez Faire:

Gap fill complete and did not provide a bottom.

Next support at 1312, if we don`t snap back up now.

Good morning, LF. Gap filled to the tick at 14.50...amazing!!

 

[mastacoli71]

light long 15.5

 

[mastacoli71]

Quote from keeptradin':

Not sure why that would have caused a rally, rather than a crash. I guess the Macroeconomists can explain that one.

backstopping of Euro banks is what the market wants. kind of like what we did with our banks during 2008. that is my understanding.

 

[keeptradin']

Quote from mastacoli71:

backstopping of Euro banks is what the market wants. kind of like what we did with our banks during 2008. that is my understanding.

Ahhh, that makes sense...I guess.

Looks like we have a long way to fall should this selloff continue.

 

[mastacoli71]

Quote from mastacoli71:

light long 15.5

add 14.5, avg long 15

 

[keeptradin']

Quote from keeptradin':

Home sales numbers at 10:00. This selloff could well be positioning for a rally if numbers are good.

Got a bid sitting at 12.25, could get filled on a quick dip after the report is released...

Home sales numbers sucked, let's see if the push it to the 12 area...

http://www.forexfactory.com/

 

[Laissez Faire]

Quote from keeptradin':

Good morning, LF. Gap filled to the tick at 14.50...amazing!!

Morning!

Actually, I had the gap at 15,75?

Looking at 1312 now.

 

[ammo]

spy

 

[keeptradin']

Quote from Laissez Faire:

Morning!

Actually, I had the gap at 15,75?

Looking at 1312 now.

You are correct, the 4:00 close on 5/25 was 15.75. The 4:15 RTH close was 14.50. I like the to use the 4:15 myself.