ES Journal - 2012

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wow, just got to the screens, what a day...i missed out on some good trades off that low. at the beach all morning with family.

good job to all this morn trading this end of month vol.
 
Quote from Laissez Faire:

You`re reading it well today, ammo.

Your long entry earlier was excellent. Would like to see you repeat that one and hold it. :)
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ditto, i'm always nervous when long
 
Quote from Laissez Faire:

But you`re never nervous when you`re short? :eek:
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shorting only, means i spend twice the analysis looking for short setups and trade half the time,this whole runup since 08 ,fed ponzi following the mortgage ponzi has me cautious for a fallout and not worried about a big up move against the acct,worst case scenario,i would cleanup,have had several gifts since 08 on downside scares being short
 
Quote from Laissez Faire:

I think I may take the day off now, but it looks like the 01,50 and 05,00 is a dead zone we may chop around in for a while now.

Fairly convinced that we`re done below.

I can see us take out 05 and make a run for yesterday`s low or even close. Not really sure though.

Any takers?
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We broke the bear flag. Fake break, no idea until the close. Got to suck in more longs around the 1315 area to get them all excited that a bottom is in and then possibly sell it off into the close being end of month and jobs # tomorrow.

Agree with ammo on the fed rally since 2008 and trading short. It is not healthy what they are doing and any further intervention will not be good in the long run.
 
Quote from mastacoli71:

We broke the bear flag. Fake break, no idea until the close. Got to suck in more longs around the 1315 area to get them all excited that a bottom is in and then possibly sell it off into the close being end of month and jobs # tomorrow.

Agree with ammo on the fed rally since 2008 and trading short. It is not healthy what they are doing and any further intervention will not be good in the long run.
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Yea would be funny to see the market selloff into the close, but I wouldn't be surprised. This thing is just a meatgrinder now. :p
 
i think this selloff was stifled for the eom shennanigans, we may resume sunday night, or maybe the end of month will take back seat to the eur unravel,i dont think it has found any bargain hunters yet
 

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Quote from ammo:

i think this selloff was stifled for the eom shennanigans, we may resume sunday night, or maybe the end of month will take back seat to the eur unravel,i dont think it has found any bargain hunters yet
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agree. the writing is on the wall regardless of the rumors that fly around day after day on Euro. longer term holders are not willing to take that kind of risk. we are one headline away from a larger scale selloff.
 
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