ES Journal - 2012

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Quote from gmst:

long 1384

I believe uptrend is not broken yet and it is a fantastic place to buy at a good discount. Target 1397 and if I do manage to hold, 1405

Could cascade today as buyers strike.. And wait for cliff resolution. Just like corporate America .. Purchases on hold.
 
Quote from Spectre2007:

Could cascade today as buyers strike.. And wait for cliff resolution. Just like corporate America .. Purchases on hold.

-26 spooz points today .. Freefall
 
Quote from gmst:

long 1384

I believe uptrend is not broken yet and it is a fantastic place to buy at a good discount. Target 1397 and if I do manage to hold, 1405

looking at a longer term position g?

Are you still gonna scalp the short periods between the long range targets and stops?
 
Quote from gmst:

long 1384

I believe uptrend is not broken yet and it is a fantastic place to buy at a good discount. Target 1397 and if I do manage to hold, 1405

I agree with your premise. The trade has good potential.
 
This area here is the 50% retracement level and opening range low. Could very well be reversal here for continuation below.

Personally, I`m paranoid about shorting as well. I would like a real bloodbath one of these days, but they seem so rare these days.

LOL.

And there it went right through. :)
 
Quote from Trvlwanderer:

looking at a longer term position g?

Are you still gonna scalp the short periods between the long range targets and stops?

Yes, longer term in the sense of 1-2 day. Thats long term for me :)

Every trader has to identify his shortcomings. My shortcoming is I find it hard to hold a position for more than 2 days. Even holding a position for 1 day sometimes proves hard for me. So, although my aim is to hold the position till 1405 or so, I am not sure how far I will be able to hold though.

My position as of now is
long 1384 and added at 1386, stop on both at 1382.75. First target is around 1397 and maybe I will leave the other contract overnight and see how tomorrow pans out. As I said if I can hold will try for a minimum of 1405. 1407-1408 might be a resistance. Don't know, lets see.
 
Nice catch, gmst!

Fuck it, I was planning to go long for a gap fill scalp around 91 when the double top at the current HOD did not hold, but Ninja froze.

First time that happened in a while.
 
Quote from gmst:


My position as of now is
long 1384 and added at 1386, stop on both at 1382.75. First target is around 1397

Did you sell 1395+?? I think we will drop back from here. Nice holding either way...
 
Quote from Pekelo:

Did you sell 1395+?? I think we will drop back from here. Nice holding either way...


I did a scalp for 2 points but I am still holding long 1 contract and will buy 1 more at 1392.5.

Why you think we will fall back from here? I think we made a pretty intense bottom, we are going back to 1402-1404 at least. My thinking could be wrong - yesterday market was very weird - so yes anything can happen, but it just looks like bottom was pretty intense.
 
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