ES Journal Archive (2006 - 2008)

romik · Aug 21, 2006

Quote from Buy1Sell2:

1300.50 seems to be battleground eh? The 3 and the 15 chart sure do suggest the potential of upside here, while the hourly does not, but the daily does.

I was going to be short, but Ask never reached 1300.00, so staying put for now. PT would have been 1298, shorter term reaction low of 1297.75, than 1296.75 as per Friday price action.

LondonUSTrader · Aug 21, 2006

Quote from Buy1Sell2:

close stop should put you at ease.

I feel at ease already, thanks. Just not sure what the result will be as this has been such a do nothing morning thus far.

My stops are always pretty close. Risking 1.75 on this trade.

Buy1Sell2 · Aug 21, 2006

At the moment, a long shoud be initiated at about 1304.25 in my view. The hourly just isn't there at the present time to support the 3 and 5 and daily.

Buy1Sell2 · Aug 21, 2006

It would be nice if we could get a decent sell off and create some upside divergence entries today or tomorrow. My 5 units long need some company at a better price.

sosa1974 · Aug 21, 2006

Quote from sosa1974:

No ES entries. Grab Ym short 11,400 out of boredom, just a probe for now.

Covered 11350, 100 points total, flat Ym. No adds yet to 1300 short. We got Bernanke and some Fed Gov. speak this week. Going to wait for that to unfold.

Buy1Sell2 · Aug 21, 2006

Reaction low which was initially 1298.50 is now 1300.25 if long.

romik · Aug 21, 2006

Quote from Buy1Sell2:

At the moment, a long shoud be initiated at about 1304.25 in my view. The hourly just isn't there at the present time to support the 3 and 5 and daily.

You are not looking at a 4 point range chart by any chance? I've got very similar numbers at my end.

Buy1Sell2 · Aug 21, 2006

Quote from romik:

You are not looking at a 4 point range chart by any chance? I've got very similar numbers at my end.

No. I was just looking at a breakout above the reaction high. Since I posted this, there have been two good long entries on the 3 minute chart and the stop should be below the reaction low (trailing). 1304.25 still looks good as well to initiate on a buy stop.

independenceair · Aug 22, 2006

Headwinds from oil and housing, initial claims and maybe even durables..I am cautious to be on the long side.

Buy1Sell2 · Aug 22, 2006

Quote from independenceair:

Headwinds from oil and housing, initial claims and maybe even durables..I am cautious to be on the long side.

There is a bit of a double top on the hourly chart.I could see a bit of downside here--- Depends on what frame you are trading as to whether you trade it or not. I am still watching the 1262.50 area as my stop area.