ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Just put a couple pts stop loss above resistance. If it breaks out, ok we're wrong and we'll lose a couple pts. If it heads back down, we'll score.
 
What I see is momentum stalling at resistance and volume has been low the past couple days of rally. Price will follow path of least resistance on the longer term trend, which is down.

Wow, AH is going crazy. Was so quiet and all of a sudden flurry of activities AH. Hmm! All b/c of Google...
 
Quote from kinggyppo:

cme stock price action very strong in a weak stock environment.
current price 483.98 down 4.88. Looking for 500 stock price on this stock. This is a good long term stock either way. Good trading.
More...

cme closed at 500, double bottom on daily still holding for es, plus buy1 is long. Good trading.
 
So the question of the hour is what effect will GOOG have on the market tomorrow? I think it will definitely create a gap up in the am but will it provide enough strength to stay above the 72.25 resistance levels or will it be a fast trip up and back down? Glad I didn't short this.
 
Sorry for the delayed posting. I have been at work. However, I was able to call in a trade for 4 NQ prior to the google release.

At 1863. I think that google will drag everything up toommorow.

Kinda a risky play, but I have some buy signals anyway on the daily charts.

Regards,
 
Quote from Buy1Sell2:

More and more buyable here. Stops need to be relatively closer due to OB condition in my view.:)
More...

Anybody play this today? For me, I moved my sell stop up to 1355.25 today. :)
 
Status
Not open for further replies.
Back
Top