ES Journal Archive (2006 - 2008)

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I am posting a chart of the Aussie trade that I was building short overnight. Again, I am not wanting to turn this into a currency thread, but I wanted to post this to demonstrate the power of divergences as we have been talking about them recently. --B1S2
 

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Out at 1281.25. I see the potential of a bullish divergence in the near future on a 5 minute chart. Still holding the 9 positional shorts which are about 200 or so points in the black--What would you do?
 
Ok , there's the class A Bullish Histogram divergence on the 5 minute charts. Let's see if it has any legs to it. My belief as you know is that divergences are generally weaker, although still valid, the smaller the time frame
 
Quote from Buy1Sell2:

Looks like I was out early on the 2 shorts. Got about 7 points per contract more than the goal, so I am happy.
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Well done, 25 pts down from premarket, throw the rule book out. This markets starting to get exciting.

Edit Dax is down almost 3.5%
 
My first long on the Es ever. entry 1277, cover 1279.50. I did not like that at all. I will go back to my short reads for my futures trading.
 
Quote from Buy1Sell2:

Longer term position player looking to post here some shorter term ES trades to begin to get a feel for the intraday movements etc. Some positions will be held overnight and I will use this as a training ground to get stops put in at correct levels etc. It may take me a while to get good. I am used to holding positions for weeks and months.

First trade was short yesterday at 1289.75 (from another thread). I'm still short ESH6 as of now with the stop at 1297.50.
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I had to quote your first post as a reminder that correct positioning builds the castle.
 
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