ES Journal Archive (2006 - 2008)

[apex82]

Here we are at 54-55 moment of truth

a break below 52.50-53 will create some major damage and a new high is very unlikely...

nice place to look for low risk longs here

 

[Lawrence Chan]

NQ may fill down side gap.

 

[jagmot]

Quote from JSSPMK:

WTG! I was considering a reverse trade off 1 min chart, decided to stay with 120m chart's potential.

I will try & stay Long AH on this one, stop moved to 1334 or rather remains at 1334 on 1/3 position.

Thx JSS&King. Nice catch of the big move up JSS. I wasn't able to get a good rr entry this morning.

02-07-08 10:47 AM

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Quote from jagmot:

Definitely didn't expect the move to be this swift in ICE or CME today either. I'm looking at possibly writing some calls on my ICE position at the close today as the March 150s are at $4.50 here.
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Didn't get these off last week. Even with today's move to $137, I wasn't able to sell these calls for much (got $4.90). Peeled off half the position and holding out the rest here for 150/getting called away.

 

[vertigo3]

volente_00

high of day was 63.50, recent low print 53.00

you da man

 

[RsX]

Long here at 1354.25 with stop at 1350.75 (-3.50pts). Target 1369.

 

[jagmot]

Quote from RsX:

Long here at 1354.25 with stop at 1350.75 (-3.50pts). Target 1369.

Long here as well 1353.50 with stop at 1349.50. 3:1RR

Edit: I forgot to mention that this is not a system trade, consequently this is only a half sized trade. I'm making this trade because the action reminds me of days of the slow grind/staircase up and expect new highs sometime in the last hour. With being 10 ES pts off the highs looking like a good rr entry.

 

[gwac]

We are in a triangle formation on the daily which is narrowing very quickly, any opinions on which way we will break?

 

[kinggyppo]

Gotta love this volatility day trader heaven.

 

[Lawrence Chan]

NQ finished filling the normal gap, but the naked gap is not.

 

[apex82]

Quote from apex82:

ok at this point now.. we hit 62.75

market structure on lower timeframes all confirming and supporting a major reversal..


I still think we make one more high up to 63-64 where I will be waiting to pounce on the short side once the lower timeframe starts stalling..

At this point i have a very small piece on at 62 with a stop at 66.25 just so I dont miss the move but will be looking to add to this position.

This is a countertrend play but the R:R is massive

02-12-08 08:17 AM

market trading in the r zone.. now just waitin for my reversal bar..


Here is a visual of the trade with stops and management...