ES Journal - 2012

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Until we get a clean trend line break or a break of a key level, I think all short signals from here are traps.

35 should be a given from here.

EDIT: 35,25 is also R10.
 
Quote from gmst:

Add to short @ 2676.75
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Are you defending your position or are you actually bearish?

Based on your prior post, you seemed very bullish, santa claus rally, good macro numbers, etc?
 
painful being flat and watching grind up but we have resistance 32.50 (last weeks high) so either a pullback below 30 or a really strong break of 32.50 will get me back in long. Should have hald that crap after nice inital entry but yeah who could really know
 
Quote from Laissez Faire:

Are you defending your position or are you actually bearish?

Based on your prior post, you seemed very bullish, santa claus rally, good macro numbers, etc?
More...

Defending my position.

Bullish on daily basis, but here for an intra-day trade, short seems to be the correct trade - don't want to lose my short position, so adding.
 
Quote from Pita:

Should have hald that crap after nice inital entry but yeah who could really know
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If only we could have traded yesterday's chart in hindsight. :p

I`m also flat, down 3,5 this morning.

Also considering a long, but in my opinion the problem is that if we top out here it may not be a pullback, but a reversal.

Maybe I'll take a pullback to 32-33 to go long if we go higher. Not really sure.

EDIT: Stastically, we're way due for a pullback here at 8,5 points straight up, but it may be different at a key level like this. Maybe we need to print R10 at 35 first for a pullback to 32? Then up we go?
 
Quote from gmst:

Defending my position.

Bullish on daily basis, but here for an intra-day trade, short seems to be the correct trade - don't want to lose my short position, so adding.
More...

man I really hope you are still paper trading, no pun intended
 
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