ES Journal Archive (2006 - 2008)

mbusch · Jul 18, 2007

Quote from mbusch:

At 04:45 EDT
L 1548.25
SS 1547.25 (1 point)
PT 1553.25 (5 points)

Beautiful reversal right at support at 1547.75, caught it right to the tick. Whether it goes anywhere remains to be seen.

At 06:24 EDT, out of trade via trailing stop at 1551.25 for +3. Now flat.

Chuck Krug · Jul 18, 2007

/s 1552 stop 1553

Chuck Krug · Jul 18, 2007

stop hit at 1553
that was not a good idea

volente_00 · Jul 18, 2007

Quote from mbusch:

You placing any bets on direction of said fireworks? Did you say you were long (or going long)?

If I previously said I was bullish at ~ 1547.50 do you think I am playing short ?

kinggyppo · Jul 18, 2007

german DAX down $123.25 (1.54%), that's a big number.

wave · Jul 18, 2007

That was sweet. Fireworks to the short side played out nicely.

Me thinks we still see the 60 pts+ slide

kinggyppo · Jul 18, 2007

Quote from wave:

That was sweet. Fireworks to the short side played out nicely.

Me thinks we still see the 60 pts+ slide

which puts us at $1490.00 or so again.

mbusch · Jul 18, 2007

Quote from wave:

That was sweet. Fireworks to the short side played out nicely.

Yes, anyone who was awake at 7:30 ET (I was not) had a nice opportunity to go short right at the 1554-1555 zone. Nice sharp reversal right where it was supposed to happen.

I'm showing support at 1548 and resistance at 1554.50, both plus or minus .50 or so. We might just wind up range-bound in that range today, but a break above 1555 could mean one more run to contract highs, and a break below 1547 would be a great place to go short for a 30-point ride.

If Apex posts his zones this morning, use them and ignore mine.

vertigo3 · Jul 18, 2007

Bernanke at 10:00

apex82 · Jul 18, 2007

es opening below support zone dipping short here with a 1 pt stop holding for rest of day

closing out -2 ticks