ES Journal Archive (2006 - 2008)

[Pekelo]

Quote from Lawrence Chan:

Am confused here ... closed which gap?

I was refering to 850ish. That is the cash gap, so when we were at 858, that drop below 850 closed that gap. Of course the market wasn't open yet.

According to the 2nd gap rule today we have a 90% chance to go back and close it during the day...

For overnight here is how it works: When we have the 2nd open gap in progress, going against it is a pretty safe bet, just like it was shorting during last night....

 

[startraitor]

cover all but 1 59, stop to be.

Quote from startraitor:

shorting 72-73 stop 78, 1st target 59, see a little something here and will move stop based on pa.

 

[kinggyppo]

Quote from Buy1Sell2:

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.

shorts overdue looking for 85 on spy today

 

[volente_00]

Paulson got the boys fired up

 

[startraitor]

adding 67 target 47, stop 75

Quote from startraitor:

cover all but 1 59, stop to be.

 

[volente_00]

Quote from Lawrence Chan:

Yesterday we got a runaway gap up that was not filled.

Repeat of that or fill it all the way down today?

2 and a row have happened before, but it was in a bull market.


Probably stop run to 77 area before we fall. Still a lot of air underneath though.

 

[kinggyppo]

short 87.05 stop 87.55

 

[kinggyppo]

Quote from kinggyppo:

short 87.05 stop 87.55

out 86.62

 

[ammo]

sh 63,stop hod plus 1,target 42

 

[newbie463]

Quote from smilingsynic:

On days like these:

(1) gap up; AND
(2) opening range (30 minute) breakout,

the easiest money historically is made finding low-risk longs.

Good luck to all, nonetheless

smiling synic, would the same apply today?

newbie463