ES Journal Archive (2006 - 2008)

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Quote from RsX:


Currently one more short in from 1362.00, with a -2.75pts stop. Reacted to 5-min chart weakness around a 61.8% fib, but nothing really impressing there.. just following the bias that was confirmed when we dropped from 1368-1371 for the 2nd time in the last 5 trading days.

If stopped out on this one, then I really have no clue. Until then I'm still leaning short and expecting 1350/lower by today's end, as stated earlier today.
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Should go directional from this 1357-1358 area.. Moving stop to -1.00pts (1363.00).


EDIT : now at 1352 (+10pts).. Yup, that's directional alright, as expected.. Moving stop to 1357.00 (+5.00pts), expecting a few more points down from here, to 1348-1350 area.
 
I wonder whether Stormdrain is feeling a little nervous now, he will be "surprised" we a re going down, maybe he should buy some MORE LOL
 
Quote from JSSPMK:

I wonder whether Stormdrain is feeling a little nervous now, he will be "surprised" we a re going down, maybe he should buy some MORE LOL
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i'm sure he is going to say that he did not trade today
 
Covered all here at 1347.75

That's +14.25pts.. Ahhh.. feels good after these 1-tick brainf**ks.


EDIT: for the aggressive bulls.. here's some good bullish confluence between 1346-1349.. keeping stop around 1345 would be a low risk long, though I'm not convinced it'd be good probability.. after this knife-fall.. and I'm not gonna push any orders anymore, happy to have that for now.

But there certainly is good potential buying power at these levels. That's why I covered :)
 
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