ES Journal - 2012

[Trvlwanderer]

Quote from Trvlwanderer:

L 1408.75
tgt 1415....1430 plus.
stop at 1398.

Trendline

Quote from Trvlwanderer:

Out half at 1415
Stop remains the same.
Will add if 1411 maintains strength.
Tgt 30 plus.

Scratching the tgt, looking to exit final position.

Leaving stop in place if the 1400 break is serious enough. Tricky stop level (to me).

 

[fishing]

i rarely have luck shorting stock markets, eur etc. etc.

it seems to me every time i go short, it bounces.. thats why i hate bear markets

my solution is to look to buy bonds when stock markets go down

 

[gmst]

was that the low?

 

[Handle123]

Going to play the 1400.00 all day long till it doesn't work any more. "50" and "00" have always been nice areas to grab 4/8 ticks

 

[Trvlwanderer]

closed remaining at 1403.

I don't trust the 1400 although it is an obvious buy.

Gonna sit and watch this newly formed channel for a bit.

 

[gmst]

Quote from gmst:

was that the low?

seems we will break this at some time today. Looking to get out of my longs and switch to shorts

 

[gmst]

ammo, how is uvol dvol looking

 

[tortoise]

Quote from gmst:

seems we will break this at some time today. Looking to get out of my longs and switch to shorts

Interesting. I was just thinking the opposite...

 

[gmst]

Quote from tortoise:

Interesting. I was just thinking the opposite...

my judgement could be clouded because I am sitting on a losing long position.

However, for long to be valid, it shouldn't have broken the swing low that it established yesterday and day before. Since, it has broken that swing low, and is still going down, I am not sure long is the right trade. Even though I am still sitting on my longs hoping to get a better price to get out.

 

[tortoise]

Quote from gmst:

my judgement could be clouded because I am sitting on a losing long position.

However, for long to be valid, it shouldn't have broken the swing low that it established yesterday and day before. Since, it has broken that swing low, and is still going down, I am not sure long is the right trade. Even though I am still sitting on my longs hoping to get a better price to get out.

fair enough...

in favor of reversal here(ish), however

-- u/dvol (not horribly bearish)
-- treasury action (risk on-ish)
-- 50% extension of last week's range right about here