ES Journal - 2012

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that 1400 + high in may would include that tl so a 3 month chart would have the line if you reduced from an all time to a 3 month,then the exact spot on the tl in smaller timeframe would be easier to estimate ... daily is fine ... that line maybe a month ago was 1394
 
yesterday's afternoon bottom looked suspicious. The gap up today was >1atr. This gap left huge air space and shorts looking for yet another move the lower end of the channel scrambling. The largest up bars this year have been < 32 points, spx 1395ish should be it for the day. 1400 is a wall of resistance, rut is still in the wedge. If breaks out, new highs for the year could be likely.
 
Quote from ammo:

that 1400 + high in may would include that tl so a 3 month chart would have the line if you reduced from an all time to a 3 month,then the exact spot on the tl in smaller timeframe would be easier to estimate ... daily is fine ... that line maybe a month ago was 1394
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sorry it took so long, just got back
 

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Quote from ammo:

tHANKS, THATS A LONG WAYS FROM 1394
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yup. we hit the high in april when the 10 year was yielding 2.2%, EurUsd was at 1.34. now 10 year 1.6%, EurUsd 1.24 and we r still within spitting distance of that high. interesting times.
 
08-03-12 07:41 AM
08-01-12 08:37 AM
07-31-12 08:24 AM
07-30-12 08:31 AM
07-27-12 09:11 AM
07-26-12 07:57 AM
07-25-12 08:14 AM

--Have buy stop in to enter at 1358.00 with 2. If hit, I will enter and post protective sell stop.
-- If tagged today, then initial stop will be 1317.50
--Trade was stopped in long. Initial protective sell stop is 1317.50 and I will reverse and be short when stopped.
--Protective/reverse sell stop raised to 1325.50
--No change today (Tues 7/31/2012)
--No change today (Wed 7/31/2012)
--No change today (Fri 8/03/2012)
--Stop remains the same today (Mon 8/06/2012)
 
Another day where selling is near non-existent, I think this should grind higher (slowly but surely) towards the April highs in the next few days.
 
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