ES Journal Archive (2006 - 2008)

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exit 65


Quote from startraitor:

Stopped out at be after trailing last nights up move. Fed news can turn a measured move into a moonshot like no other news. If it fails to develop past 66 well look for shorts again otherwise not until a much longer timeframe develops a good short.

I am an no expert likc lc on the subject but I suspect liquidation will return somewhere up here muting the upmove at some point.

Catching a small long here 57, stop 52, target 65
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If we open above previous day high (66.25), I do expect a run to 880-886 area before any meaningful retracement.

The daily downside breakout, however, would not be negated until after we hit at least 900.

Yesterday there was no significant selling throughout the day, nor any significant buying/selling at the open/close hour. Could be taking a break here for many as holiday season approaches.

Edit: filling the gap today is not a meaningful retracement :)
 
Quote from Pekelo:

....and suddenly the 2nd gap rule applies.
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We already closed that gap and rallied up again, so a replay of the 2nd gap short is aviable....
 
Quote from Pekelo:

We already closed that gap and rallied up again, so a replay of the 2nd gap short is aviable....
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Am confused here ... closed which gap?

Are you referring to the AH actions just now?
 
9/29 and 11/5 daily highs give a tl at 876, we could window dress into fri close ,when u shrink that line down on a 5 min, its 882
 
11-24-08 07:07 AM

11-20-08 08:31 AM

Short one contract at 795.00

Initial stop 1075.00
Maintaining the stop here at 1075.00
Maintaining the stop here at 1075.00
Adding an additional 19 at 869.75 with the stop also at 1075.00
Total of 20 units short.
 
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