ES Journal - 2013

tempted to short more here at 77 but I cannot responsibly do so.

do markets react in opposite manner to this morning when bernank testifies?
 
quiet day again? this market has moved a lot today, esp currencies....

I'm still short but if audusd moves up again it seems ES is following it..... I'm still short a large core position in ES but i'm getting uncomfortable. I may take some off if we get above 78ish.
 
Quote from rroverx:

quiet day again? this market has moved a lot today, esp currencies....

I'm still short but if audusd moves up again it seems ES is following it..... I'm still short a large core position in ES but i'm getting uncomfortable. I may take some off if we get above 78ish.

Well, I am heavily long, so am guessing one of us will be scrambling.
 
i'm watching audusd to move toward HOD pop, taking ES with it...

edit: long audusd from 9230. looking for direction from this or the usdjpy for ES.
 
I got long ES near double bottom, faster I can identify "Megaphone" pattern the better as this pattern is good for buying lows and selling highs, not much good for trend trades until price really breaks out of the Megaphone. Since someone is chatting on the economy, often times Megaphones presents itself so being able to trade chop well is a good deal. But I am not going to sell near highs as I believe price going to break out of 1680.50
 
Quote from Handle123:

I got long ES near double bottom, faster I can identify "Megaphone" pattern the better as this pattern is good for buying lows and selling highs, not much good for trend trades until price really breaks out of the Megaphone. Since someone is chatting on the economy, often times Megaphones presents itself so being able to trade chop well is a good deal. But I am not going to sell near highs as I believe price going to break out of 1680.50

that's certainly the message being telegraphed right at this moment.

but what a spooky market
 
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