ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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yeah bsc related.. =)
atticus, you should of held your shorts. Those whipper snappers create a default bombs, and frontrun their own explosion, notice how overnight someone sold hard the futures, and when it went back up into zone, they sold hard.
current trendy at 37.00
I'm short some swing positions but will look to cover some more below 50
atticus, you should of held your shorts. Those whipper snappers create a default bombs, and frontrun their own explosion, notice how overnight someone sold hard the futures, and when it went back up into zone, they sold hard.
current trendy at 37.00
I'm short some swing positions but will look to cover some more below 50
Trend continues to up longer term. I will wait and trade with that trend. 
Today, it looked like most of the stops were being placed inside of what I would call noise. In fact, I may be getting stopped out early here, but I saw some technicals on the hourly and 240 that gave me pause, so I tightened up a bit. The main thing is that I want to be less active than a day trader, but more active than a 401'ker (much more so). Using these types of stops helps in that endeavor.
Today, it looked like most of the stops were being placed inside of what I would call noise. In fact, I may be getting stopped out early here, but I saw some technicals on the hourly and 240 that gave me pause, so I tightened up a bit. The main thing is that I want to be less active than a day trader, but more active than a 401'ker (much more so). Using these types of stops helps in that endeavor.
B1S2, there is a great deal of risk of the indexes turning into a range trade of 100 points on the spooz.
the macro picture, and liquidity tightening paints a range trade.
breakout player stops being gunned.
the macro picture, and liquidity tightening paints a range trade.
breakout player stops being gunned.
I might frontrun the dax opening. Hey JSS what are your levels in the Dax.
I told you it was going to be an interesting Globex session!
at 17:10 I went long at 1555.50 and promptly got stopped out on a close stop.
At 17:25 I saw ES had penetrated the support zone and got short at 1553.25 with a close stop.
At 17:30 all trading halted (or the data feed went away, not sure which), and I was blind for 30 minutes...not a comfortable feeling. Beats the hell out of me what happened. It was not my internet connection.
At 18:00, data started flowing again and the ES free-fell 4 points in two minutes to 1548.75.
As I type this, it's 19:38 and ES is stable at 1550-51, still below the zone and my buy stop. I'm short one unit with a breakeven stop at 1553.25, but only one unit -- the drop was so quick I never had a chance to add on. I'll watch for awhile and look to add on short around 1552 if the opportunity presents itself.
I'm looking at weak resistance around 1546, an unfilled gap between 1534 and 1530, and support down at 1516 where we made a low a week ago.
Globex is eerily calm at the moment, but it's difficult to imagine it will stay that way until open of RTH.
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