ES Journal Archive (2006 - 2008)

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Quote from detective:

What is the fascination with catching falling knives? The risk reward ratio is just not there until you get to 1320 and considering its Friday afternoon, the bounce from that level shouldn't be much to write home about.

Fellas, save your powder and look for an entry next week if going long.

I agree, the volume is pathetic, least resistance is down.
 
Quote from detective:

What is the fascination with catching falling knives? The risk reward ratio is just not there until you get to 1320 and considering its Friday afternoon, the bounce from that level shouldn't be much to write home about.

Fellas, save your powder and look for an entry next week if going long.

Don't worry I had a few profitable shorts this morning. I usually can't post realtime in the morning. Rather than coming in here and saying hey I was short from 40 (when the market is at 32) looks dumb on my part.
 
Quote from tommymoose:

JSS, what do you think of possible 5-min D with support between 1758-1760 on NQ?

I am just looking at ES here, be careful ImO going long, always wait for 1 min to provide trigger
 
Quote from volente_00:

reaction back to the break area

will the sellers return ?

Bounced strongly off of S1 with volume spike at bottom, and yet is having a hard time getting back to the pivot.
 
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