ES Journal Archive (2006 - 2008)

[Jaxon]

Quote from Tom Busby:

"This is very bullish and setting us up for a great October."

oh, boy, another great October, just like 20 years ago?

and why would he mention October in July?

 

[mbusch]

Quote from mbusch:

Second unit long from 1562.50.
SS on both units now 1561.25.
PT1 1569.75
PT2 1574.75

I will carry these into the Globex if necessary. (Globex has been kind to me lately.)

Crap! Why did "they" have to go and do that?

Happened in YM and ER2 also, but hardly anything in NQ.

 

[apex82]

Quote from apex82:

here we go long 1562.50 3 tick stop target 1570

stopped out.. rentered 1562.25

stop at 1561 make it or break it time.

chalk up another temporary dip in the equity.....

 

[wave]

After enough craps have been triggered, it's usually sign to enter.

Too many folks place stops in areas that don't mean a darn thing.

 

[Spooz Top]

clear range on the 15min......nice game of ping pong until we break....i`ll look to play extremes form here on out & get back to trading.

 

[Spectre2007]

stick around for intel conference call. 5:30

see how price is essentially a ping pong ball between key levels. A failure at one level presumes a run to the otherside.

you were warned about intel =).

 

[mbusch]

Well, it's deja vu all over again. We're back at the S/R zone where we started, and we have to watch to see whether we get a reversal to play long or whether support fails and we head to China. It could be an interesting Globex session for a change. I'm not inclined to do anything rash in the next 10 minutes.

I certainly took my lumps on this last decline (wider stops than usual, dammit), but still I guess any day you can finish with a 9-point profit is a decent day. Tomorrow will be ... interesting. Good trading, all!

 

[Spectre2007]

covered..shorts, long 56.50 TP 60 SL 52

decent risk reward trade, since dow 14K rah rah rah crowd will still be in effect.

 

[Spectre2007]

remember when the june contract hit 30-34 area, this zone reminds of its trading pattern before it fell out after repeated attempts to cross it, eventually it gave up and tested the 50 day sma.

 

[apex82]

market is clawing trying to hold this zone 1552-1553. It is a very strong zone but if we break below it... nothing but air. I believe there is good odds that it will also be the start of a major correction. You cant really go off the globex to much.. it will be interesting to see where we open tomorrow. If we open below I will be looking to short rallies. If we open in or above I will be a buyer.