ES Journal - 2012

[ammo]

flat uvol indicates trend day but the 11- 12:30 timespan is always supect

 

[ammo]

advancing stocks(yellow) vs declining ,widening -1540

 

[ammo]

97-98 next supp es

 

[gmst]

Quote from gmst:

adding to long 1403.5

adding @ 1400.75

so entries at 1401.75, 1403.5 and 1400.75 for average of 1402.

 

[oraclewizard77]

Was in a trade and then went to watch CNBC, where they said that the FED is 80% likely to provide more QE. I was thinking the same thing before I saw this due to weak unemployment. However, maybe it helped my previous long position since I was able to book a profit for the day.

 

[mm2mm]

4 hour chart looks bearish, no?

 

[Ramp]

Quote from mm2mm:

4 hour chart looks bearish, no?

Short term maybe - I'd like to see ~1386. Not expecting too much beyond that.

 

[mm2mm]

Quote from Ramp:

Short term maybe - I'd like to see ~1386. Not expecting too much beyond that.

Yes ofc short term daily chart is still up trend.

I also say ~1386 by the way

 

[gkramer]

Quote from oraclewizard77:

Was in a trade and then went to watch CNBC, where they said that the FED is 80% likely to provide more QE. I was thinking the same thing before I saw this due to weak unemployment. However, maybe it helped my previous long position since I was able to book a profit for the day.

CNBC didn't say that. They were quoting Bill Gross' analysis of the FOMC minutes. While a bright guy, Lord knows he's been wrong as much as anybody else.

 

[sttrader]

Quote from sttrader:

Half off at 6.5.

Covered a quarter of original at 96. Holding remaining quarter as runner. Bounce chance is here but will hold remaining quarter short. Overall longer term outlook is bearish due to wedge.