ES Journal - 2012

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Quote from Laissez Faire:

Never short a dull market?

I recognize this day for what it is so far. It may change, but we`re currently trading the "slow grind up and smoke top pickers" pattern.

Shallow pullbacks that may look like a reversal on low volume and then resuming the up trend on higher volume.

The biggest pullbak today has been 2,25 points!
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that saying applies more towards yesterday's action,today's a fake or non fake trendday
 
Quote from Rickshaw Man:

BEWARE OF SHORTING
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Stretch the chart back to the left and it is still an uptrend. Tough for me to remain long in ES though.......SPY and SSO is a little more accommodating on my nerves.
 
Quote from Laissez Faire:

What's the different between a fake or a non fake trend day?
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this looks strong , a lot of bull talk out there,so at the moment its non fake ,no pullbacks, but if they are shorting up here and turn it this afternoon, the bulls get neutered..lost last december averaging ,so I'm not as confident that they will respect resistance using seasonal logic...simple answer, it will be obvious at the end of the day,and it will have nothing to do with any of my maybe this maybe that thinking
 
Quote from gmst:

Adding to short at 1423.25
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No idea what was that but I am out at 1430

and now long 1429

Rationale:
The strong way in which we have broken all the up-resistances, we are at the minimum going to 1438. So, I would be rather long.

Very wide stops - 10 and 15 points.
 
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