ES Journal Archive (2006 - 2008)

[romik]

short 1315

 

[El OchoCinco]

LOL short at 15.50, holding until 1313 or so....

Retracement to 15.75 or 1316 and then continued move lower..

 

[Buy1Sell2]

Quote from romik:

short 1315

Is this a WRB on hourly chart to the downside Romik?

 

[romik]

Quote from Buy1Sell2:

Is this a WRB on hourly chart to the downside Romik?

B1S2, do you understand shadows and body on a candlestick? If WRB is 4 points low to high, I would like to see the body @ ~90-100% of the candlestick whole size. Therefore at the moment it is not bad as the lower shadow is very small, though the whole WRB is not perfect to suggest 99% probability on a short because of the top shadow.

Looks like we are closing the gap today.

 

[romik]

Right now IMO same is happening what happened at the time OC of your last trade, some decided to buy the 1313 level and I would stick a $1 that they would get punished for doing so

 

[El OchoCinco]

Y eah I am looking to ride this short longer, so far the pullback looks just like a normal retracement from the breakout...

 

[sosa1974]

Done for today. This type of day is my favorite short set up. Gap up followed by program buying which couldnt make new his. Best day so far for me this week. Took a long time to come in though.

 

[BoyBrutus]

"Gap up followed by program buying"

How do you distinguish program buying? or is it the 11 o'clock time frame buying that failed? thanks

 

[El OchoCinco]

When I am short, program buying moves the market against me

 

[romik]

Quote from sosa1974:

Done for today. This type of day is my favorite short set up. Gap up followed by program buying which couldnt make new his. Best day so far for me this week. Took a long time to come in though.

nice one, did you go short around 1319?