ES Journal Archive (2006 - 2008)

[Spectre2007]

woohoo, out of buy stop triggers.

 

[K-Rock]

This could be another fakeout similar to yesterday. I'm on the sidelines until price breaks higher. If not I will be looking to short.

 

[Spectre2007]

One of the rules for me anyways, I cant short it once the stops get blown on buyside, unless stops get blown on the sell side.

This simple rule increases likely hood of wins over time. The novices tend to doubt the move and short it, and they add fuel for further price progression to the upside.

 

[K-Rock]

IMHO, at the moment those sell stops are being taken out. I'm just waiting to see if this run is for real or a fake.

 

[osorico]

Quote from K-Rock:

This could be another fakeout similar to yesterday. I'm on the sidelines until price breaks higher. If not I will be looking to short.

Agree. For ES and ER2 anyway. YM and NQ do not confirm so might just be a shallow retracement. Stay alert.

 

[Spectre2007]

maybe the lines for MSFT's Vista arent as long as people expected. Are we going to see that on cnbc.

 

[Spectre2007]

long @1430.25

 

[apex82]

Just thought I would post what I am trading in the er2. Possible may have completed another 5 wave move in a corrective wave. minimum profit target is 796.50. Holding short runners until 794+

 

[Spectre2007]

out at 3/4's.

 

[Spectre2007]

sell stops @ 1429.50

1/2 quantity of normal stop break.