ES Journal - 2012

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Quote from Laissez Faire:

Nice call to those of you who caught the short side today. Nice entry, gmst.

Should probably see at least yesterday`s low.

Not so sure about mastacoli`s target, but maybe it`s one of those days. :)

EDIT: Bounced from S1 at 1398. Also a 9 point swing.
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Thanks, I ended up making 1 point on this trade :)

Very rarely do we see days like this - ferocious reversals. Seems price is going to 1412 by end of day??
 
Quote from gmst:

Thanks, I ended up making 1 point on this trade :)

Very rarely do we see days like this - ferocious reversals. Seems price is going to 1412 by end of day?
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Not sure how rare they are, but I know that my model suggests this should be an up day, which it is at this point.

Range is still compressed, so we could easily be seeing 1415, IMO.

Then there`s the gap at 23, but I think that is unlikely today.

Double top here for now. No set-up to go either long or short for me at this point.
 
Quote from Laissez Faire:

Double top here for now. No set-up to go either long or short for me at this point.
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I think I`ll try a long here if we take out the high of day and I`m impressed, possibly see if I can get a pullback to 1407.
 
Quote from Laissez Faire:

Long @ 1405. Stop @ 1403,50. OCO limit sell @ 1411.

I`m reasoning that this pullback will stop at yesterday`s close price, before making new highs.
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They got me. Double top entry was a good short entry, but I was only expecting a pullback. No idea what the rest of the day brings, so I`m done.

Good luck longs and shorts. :)
 
Quote from gmst:

Seems price is going to 1412 by end of day??
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I still think we close in the red. The daily candle stick was yesterday a hanging man, a reversal signal...
 
Quote from Pekelo:

I still think we close in the red. The daily candle stick was yesterday a hanging man, a reversal signal...
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I was a bit surprised looking at the reversal today morning. We have a 88-94 gap down below, which I expected to get filled sometime this week itself.

Maybe we will close in the red and tomorrow and day after we will fill that gap below.
 
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