ES Journal Archive (2006 - 2008)

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I think there is a good chance of continued downside today, but at the moment the signal is not there. Taking a short would be gambling. Might be right--Might be wrong.
 
Quote from Buy1Sell2:

intraday short would still be a gamble here . This can only be classified as pullback on the intraday chart right now.:)
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Actually, it looks OKish for a short to me.
 
Quote from romik:

Actually, it looks OKish for a short to me.
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It may make a liar out of me. I am looking for something a bit different. I guess if it drops, it will at least give me some movement on my averaged short and confirm the earlier post about it being a retracement on the 240. In any event, I don't like the set up just yet.
 
short is more acceptable here with stop over 1436.50. By no means the perfect setup. More confirm is needed in my view, but it's more acceptable than a while ago.
 
There's really not a lot of confirm yet from the next chart up the ladder which is the 30. I just feel it was more acceptable than shorting a while back. Hope your trade works out. It looks like your stop is very close so it won't be too much of a loss if wrong.
 
Quote from Buy1Sell2:

There's really not a lot of confirm yet from the next chart up the ladder which is the 30. I just feel it was more acceptable than shorting a while back. Hope your trade works out. It looks like your stop is very close so it won't be too much of a loss if wrong.
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Thats how I trade, tight stops. Everyone does it differently I know, but this seems to work for my lack of patience.
 
Quote from Brucelee:

Thats how I trade, tight stops. Everyone does it differently I know, but this seems to work for my lack of patience.
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Guess there will be no new shoes for the baby this weekend, out 1436.75 :mad:

This is probably the correct entry 1437.25
 
Quote from Brucelee:

Guess there will be no new shoes for the baby this weekend, out 1436.75 :mad:

This is probably the correct entry 1437.25
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you used a tight stop and I think that was good.
 
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