ES Journal - 2012

[ammo]

es nipo is 84-88, flat 82

 

[keeptradin']

Quote from mastacoli71:

great trade KT!

Thanks, that was a sweet setup!!

 

[ammo]

Quote from keeptradin':

Long ES @ 72.

wtg

 

[keeptradin']

Quote from ammo:

wtg

Thanks, Ammo. Learning to trust and execute...slowly but surely.

 

[mastacoli71]

Quote from keeptradin':

Thanks, that was a sweet setup!!

excellent, thx for sharing

 

[ammo]

fri rth nip

 

[keeptradin']

Quote from mastacoli71:

excellent, thx for sharing

I was looking at the short side in the premarket, but once we traded above the Pivot that opened my eyes to another scenario.

Also, gap open helped convince me to go long. ES traders love gap fills.

 

[ammo]

Quote from keeptradin':

. Learning to trust and execute...

eye on the prize

 

[keeptradin']

Now that we have traded above R1 and back below, there is a possibility that we pullback to the 50% level around 78.

Shorting here has potential, but not enough reward for the risk, IMO.

 

[keeptradin']

I always like to read this guy's take on numbers and the economy in general. He's a cynical SOB...kinda like me.

http://www.zerohedge.com/news/us-no...s-modestly-employment-index-tumbles-year-lows

Not boding well for a bullish summer, but maybe that's a reason to be bullish...LOL!