ES Journal Archive (2006 - 2008)

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Quote from romik:

channel or reversal?
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Kind of early to tell. I was thinking another bear flag but now we have some volume coming in so it could be reversal.
 
Quote from 4re:

Kind of early to tell. I was thinking another bear flag but now we have some volume coming in so it could be reversal.
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There are no trades at the moment for me, unless we go lower or break daily pivot to the upside with a wrb in both cases.
 
Quote from BoyBrutus:

I trade the seconds, 1m, 5m,15m, 60, and daily lol

I enter long here because it looks like I would not want to be long anymore if I was. and all the bottom pickers have also been cleaned.

Also swing the market one way at 1300 makes for a good afternoon rally.

I dont like it lagging so have scaled out some at 1267.25 So this is a minimum risk break even stop now.
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Out 1270.00 will look to re-enter 1267 or so

Could not post real time for some reason. 1270 is resistance so I will see what happens
 
Quote from romik:

There are no trades at the moment for me, unless we go lower or break daily pivot to the upside with a wrb in both cases.
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Yeah, I think we would have to go below 61 for me to short at this point. There is too many minor support levels between 65 and 61.
 
Quote from BoyBrutus:

Out 1270.00 will look to re-enter 1267 or so

Could not post real time for some reason. 1270 is resistance so I will see what happens
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nice trade buddy
 
I certainly saw some potential in the 5 minute chart there, but the predominant tend is down and I am using the hourly . My "system" says stay short here and trail the stop down. We have no real new reaction highs to work with here, so my stop is still the same. Yes, I could stop out above any of the hourly bars, but my experience is to do that only once I have a significant profit in. I'm sorry 4.5 points is not significant enough for me. Does this mean I will give it all back-- Probably:)
 
Quote from 4re:

Yeah, I think we would have to go below 61 for me to short at this point. There is too many minor support levels between 65 and 61.
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ya, 62.50 is going to be a decider for me, not to open a trade as soon as it is hit, but to see what's the reaction in the next 15 minutes or so. If we get there, IMO, ES will get tanked.
 
Quote from Buy1Sell2:

I certainly saw some potential in the 5 minute chart there, but the predominant tend is down and I am using the hourly . My "system" says stay short here and trail the stop down. We have no real new reaction highs to work with here, so my stop is still the same. Yes, I could stop out above any of the hourly bars, but my experience is to do that only once I have a significant profit in. I'm sorry 4.5 points is not significant enough for me. Does this mean I will give it all back-- Probably:)
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Now, if we could get something like this from yesterday, I would cover and get long in a hurry!:)
 

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Just curious, looking at the hourly chart, is there anyone who would now consider 1270.50 to be a new reaction high? The most recent bar's high was 1270.25 whereas the previous bars high was 1270.50. Not really the typical reaction high as price would break the recent bar's high. What are your thoughts?
 
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