ES Journal Archive (2006 - 2008)

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Pulling out with the secondary trials for today at least, tomorrow will work it on strict PT no matter how many points that would offer, there were clear signals at the time on T&S to pull out below YHigh.
 
10 yr note kept ticking up and up (5.14%), and then equities finally broke out of their tight channel, thanks to Bernanke comments. Congrats to anyone that was able to hold short long enough to catch that 12 point down run.
 
I only caught 3 points of it :(

Did not expect THAT big of a drop lol... All I did was earn back losses, nice running in place today. Gonna be glad this day is over...
 
I kept watching you get stopped @ 1319 area, I was in in 2 points higher, got out at 1316.50, which I didnt realize was a support. Oh well, I thought maybe you had caught that run. At least the Vix is starting to rise.
 
I was able to get 7 points out of that drop today in my one and only trade today. I went short around 10:30 (8:34 PST) at 1319.25 and was getting ready to scratch after thinking its not going anywhere today, I wanted to see the internals (AD) worsen and I would of held on longer had AD turned sharply negative as ES took a dive.

I have not had a winning trade for over 4 points in a while......it feels great. In hindsight, I'm dumb and lucky today, my plan called to go short at the 1321 area, which I didn't do, so my entry was not good. Throughout the morning I noticed that AD was slowly weakening and NYSE-TICK was making lower highs and lower lows. I'm just glad I didn't try and go long early in the morning as it was trying to break yesterdays high....actually had my finger on the button....close one.
 
Quote from Buy1Sell2:

This bounce certainly would lend itself well to the triple bearish divergence scenario that I was speaking about a couple of days ago. Too early to tell but phase one here is occurring and that is a bounce,
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This was fairly successful today. I did not post real time entry and exit , so I will not take credit or add to journal results. Suffice it to say, I was profitable today on the short side. The triple bearish divergence occurred on the 10:30 hourly bar and took a little while before the selloff, which is many times the way it works out.
 
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