ES Journal Archive (2006 - 2008)

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nice job guys took the same trade and went in large short at 1512

same trade as yesterday morning.... only this time it worked out in a big way :)
 
Short again from 1510.25.

EDIT: Stopped out on this one at 1511.50 for -1.25. Two out of three ain't bad. :)

EDIT: Back in short from 1511.25, close stop. If this one doesn't work, I'll back off for awhile.
 
Quote from JSSPMK:

Upside build up right now

Not letting macd on 1 min pass centreline, apart from that pattern is bullish, same on 2 minute chart
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They don't look bullish to me. What are you seeing that's bullish?

I see the bulls getting tired here. Valiant attempt to support the price at 1510, but gravity isn't for sissies.

Moving stop to BE and riding this one down.

EDIT: Gap is now officially closed.

EDIT: Beautiful! Past 2SD Bollinger and close to touching the 3SD line (Bollinger on steroids). If we do, look out below.
 
Quote from mbusch:

They don't look bullish to me. What are you seeing that's bullish?

I see the bulls getting tired here. Valiant attempt to support the price at 1510, but gravity isn't for sissies.

Moving stop to BE and riding this one down.

EDIT: Gap is now officially closed.
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What I saw was a pattern that I try and trade on most occasions, I have done so via DAX, due to sufficient range I managed to scale out and now 1 lot still open long. That pattern I call a jigsaw in rising macd with sharp angles, histogram also rising below its centreline. That's one of the problems with ES that if one sets stops at obvious levels, then they will be shopped for. I also observed tiring p/a lowering towards today's TL, one of the signs that TL is about to be broken, breakout traders have jumped on that one.

That pattern is on 1 minute chart, you could see where centreline cross was not "allowed".
 
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