ES Journal - 2012

[mastacoli71]

Quote from ammo:

exp?

that is looking like the sweet spot

 

[mastacoli71]

short 18.5

 

[Laissez Faire]

Quote from mastacoli71:

nice trade LF

Even a broken clock is right twice a day.

But thanks.

 

[mastacoli71]

Quote from mastacoli71:

short 18.5

reduce 16.5

 

[Laissez Faire]

Overnight high acted as resistance now. Some selling from there.

I think we need to see 1314-1316 to act as support if we are to make new highs from here. Lots of ways it could play out of course, but that`s my baseline scenario.

Not finding support at yesterday`s high is not so good for the long side, but the day is still young.

Range now at 12,50, below average using various look back periods. Odds are that we make either new highs or lows, unless it`s a narrow range day and we trade sideways from here.

 

[mastacoli71]

Quote from mastacoli71:

reduce 16.5

flat 17, short 18.5

 

[Laissez Faire]

Back in green.

I have a simple rule about whether we trade above or below the day`s current 50% level.

Did not even touch it on this pull back. Bulls are still in control here.

 

[tomahawk]

Quad tops @ 20.50 ??

 

[ammo]

crossover day

 

[ammo]

on multiple crossovers you can sell high buy low and cover at nip or reopen at break of nip,crossover means no leadership so market rotates in determined range reverting to nip at 1322 thats the june es