ES Journal Archive (2006 - 2008)

romik · May 23, 2006

long here 1274.50, stop 1273

Buy1Sell2 · May 23, 2006

Quote from romik:

long here 1274.50, stop 1273

What are you seeing here? Are you on 1 minute chart or longer? Thanks

romik · May 23, 2006

Quote from Buy1Sell2:

What are you seeing here? Are you on 1 minute chart or longer? Thanks

bought pullback (off yesterday's high), going with the trend, no bearish divergences so far, only minor ones on 1 minute chart. Also fast stoch pulled below 10 and on the up.

romik · May 23, 2006

Quote from romik:

long here 1274.50, stop 1273

-1.5

BoyBrutus · May 23, 2006

Quote from Buy1Sell2:

What are you seeing here? Are you on 1 minute chart or longer? Thanks

I was going to write that the action has become harder to read lately, then you see something like what just happened which is my point.

sosa1974 · May 23, 2006

Shorted Jan close (1275), covered @ the open. 1275 area short term resistance. I expect chop for the rest of the day so I maybe finished. Also shorted Ym as well @ the same time for some gravy.

romik · May 23, 2006

another long here 1273.50, stop 1271 with reverse (possible)

sosa1974 · May 23, 2006

Quote from BoyBrutus:

I was going to write that the action has become harder to read lately, then you see something like what just happened which is my point.

Be patient and wait for your set ups. My favorite one is the gap up followed by the buyers who jump in late. I fade this 90% of the time. If you are scalping take your gain and move on to the next trade.

BoyBrutus · May 23, 2006

Quote from sosa1974:

Shorted Jan close (1275), .

Is this the January close on the S&P you are referring to? I didn't know people were watching monthly values. Or is it Fridays close ?

sosa1974 · May 23, 2006

Quote from BoyBrutus:

Is this the January close on the S&P you are referring to? I didn't know people were watching monthly values. [/QUOTE

Don't know about others but I do. Yesterday we bounced off the Dec 31 close. Naturally I checked where Jan ended (127.50 SPY). I use the ETF price to gauge the entry, since the ES and cash index can differ @ times. Its just a gauge to know where they are trading. This will take some of that confusion you might have and clear it up a bit.