ES Journal Archive (2006 - 2008)

[JSSPMK]

I don't know what to think of this, I sense LOL some faking going on here

I see a possible turn near 1380ish

 

[ammo]

2/13,2/25 hi ,tl is 74,spx cash

 

[JSSPMK]

10m looks set to break 70s ceiling

 

[ammo]

out 75.75 lost 4 points ,stupid stubborn, done for day,

 

[RsX]

Quote from RsX:

Market has re-entered the 1364.50-1367.50 area.. watching the 2min and 5min price action and looking for signals.

EDIT long 1367.25, stop 1364.25 (-3.00pts).

EDIT on 2nd thought, to have the stop exactly at the pivot is a bad idea.. so I'm expanding it on this one.. stop will be at 1363.50

Unbelieveable.. stop held through the 9:30-10:30 chop by 1 tick, now the position is at +10pts and I'm raising the stop to 1369.75 (+2.50pts).

Targets are still the same - 1382.25 first and 1386.25 as the ultimate target.

EDIT: ES reached 1379.00, so position has gone almost +12pts.. raising stop to +6.00pts (1373.25)

 

[startraitor]

Stopped out on one initial short, took quick $ on 2nd from 74 to guarantee be.

Short now 77, will add at 78-79 with stops over 80.

 

[JSSPMK]

1380 looks like retrace opp on 1,3

Nice intense wedge, 3m histo lowering peaks & declining

This ought to be interesting, nice opp with small risk

81 area hit, current resistance

 

[smilingsynic]

Quote from volente_00:

how many time did this fail at 64 before ?


old r becomes new s

That 64 kept holding indicated that the pivot WAS going to hold, and that S1 was not going to happen this morning.

My experience with the markets intraday is that the closest target is usually the one that is going to be taken out first. When 64 kept holding, R1, and not S1, became the new plan.

 

[Pekelo]

Quote from Buy1Sell2:

staying short. long term trend is down.

I would say the last 4 weeks' trend was consolidation, thus sideways. That usually ends up continuing the previous trend (down), but since we bounced back from the lower BB 3 days ago, I am betting an upside outbreak of the channel....

 

[RsX]

Quote from RsX:

Market has re-entered the 1364.50-1367.50 area.. watching the 2min and 5min price action and looking for signals.

EDIT long 1367.25, stop 1364.25 (-3.00pts).

EDIT on 2nd thought, to have the stop exactly at the pivot is a bad idea.. so I'm expanding it on this one.. stop will be at 1363.50

Exiting position here at 1385.00 for a result of +16.75pts. Ultimate target 1386.25 also hit now, so I feel very satisfied.

EDIT I've got to adjust my execution quite a lot, should put more confidence in exact levels that I see.. I shouldn't get these by-tick-or-two mindgames this often.