ES Journal - 2015

[schizo]

What makes you convinced of that?

I don't have a strong opinion/analysis, but a cursory look at charts and ranges while doing mostly other stuff, makes me think we make new lows for the day after this retrace up to 74-76.

In other words, what we're seeing right now is merely a bear flag/retrace.

Now, c'mon, you've been saying we were going up forever (well, since the day the market turned down) and now you tell me we're heading back down...just when I'm reversing my position?

 

[schizo]

Just when I was getting bearish.

What's the rationale? I thought you were expecting blood in the streets?

S.H.O.R.T.....S.Q.U.E.E.Z.E....

My feeling is that there are too many weaklings on both sides: weak longs and weak shorts. Gotta flush them out.

 

[Buy1Sell2]

The key to the day is printing 76.00. If we do that, there is a strong likelihood of getting back to upper 80's and farther

 

[Laissez Faire]

Now, c'mon, you've been saying we were going up forever (well, since the day the market turned down) and now you tell me we're heading back down...just when I'm reversing my position?

Lol...no, I only judge the market on a day-by-day basis.

You were however swinging and seemed convinced in your analysis, so I was wondering what changed, since I myself didn't get any strong bullish signals at this point.

 

[romik]

I don't believe anyone knows 'why', go with the flow.

 

[Laissez Faire]

Just for fun:

Sold 75. 2,5 point stop.

 

[Eddiemorra]

L 2071.5
st 68.5

out here at 76.5 +5

 

[schizo]

If we break above today's HOD, which I believe will, there will be a massive short squeeze.

Hint: place a buy stop order 1 tick above HOD. That will be enough to trigger the stops.:eek::eek::eek:

 

[schizo]

out here at 76.5 +5

Not bad for a "struggling trader"

 

[Laissez Faire]

Just for fun:

Sold 75. 2,5 point stop.

And stopped for a loss on my paper trade.

Yesterday's close here, so not the best area to place a stop anyway.