ES Journal - 2013

[mastacoli71]

Quote from NoDoji:

That's not a very pretty daily bar here. 'Twoud be a brave buncha bulls to defend at this level even though it is near the 20-day EMA. There's a 50-day EMA around 1710 and a LTL around 1670. Those should be good defense levels.

Add to that a daily bullish engulfing pattern on the front month VIX futures and voila!

 

[pfranz]

Momentarily close my paper short at 1740.25
+17 pts at present
Max drawdown 17.25 pt which lasted 9 days from entry (even if at first trade was profitable)

 

[Builder17]

s 53
stop 58
t 42

 

[gmst]

Quote from Builder17:

s 53
stop 58
t 42

seems the right trade, but target should be less than 40, imo.

 

[Builder17]

hard to say. 62-65 might still happen

 

[pfranz]

Quote from Builder17:
hard to say. 62-65 might still happen

I'd wait after Bernanke speech at 3.30pm

 

[volente_00]

Quote from schizo:

You might be right. I don't anticipate us falling off the cliff. I'm sure there will be a short-covering rally along the way. But, overall, we should reach 1690 in 2-3 weeks (just before Black Friday rears its ugly head).

I'm sure you see my drift.

Moo moo

 

[Builder17]

Quote from Builder17:

s 53
stop 58
t 42

-5

 

[ammo]

Quote from ammo:

reduce 48 25 on a touch of that cleave

put these back out 58.25, call it a scalp ,back to original position avg 1769 7/16.. edit...add 59 avg 66.86

 

[Builder17]

s 57
stop 59
t 42