ES Journal Archive (2006 - 2008)

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Just an observation on YM... There are buyers (or lack of sellers) at nearly every tick up here. This is one of those times the YM granularity is not a benefit. Best to sideline for time being. Very risky up here, long or short, imo.

Osorico :)
 
Quote from apex82:

Looking to buy 1528.75 if new highs are not made... for a move up to retest them and move higher.

1531.25 is early entry
Are those levels predicated on yesterday's price action? Specifically, the horizontal movement around 2:30-3:30 pm before the market took off to new highs? Didn't seem to be very strong resistance yesterday. Why do you expect it to provice good support today (if indeed we move down here)? Just trying to understand your logic a little better.

Also, how do you come up with s/r levels above previous all-time highs? No price action to look back at. Fib levels?

Might as well hold class here while we're waiting for a move... :)
 
Short the NQ at 1933... stop @ 1934.50
Aiming to cover at 1929-1930

.....dead before this even got posted

:edit: stopped out on the high tick and its hitting my target now... thats a slap in the face
 
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