ES Journal Archive (2006 - 2008)

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Quote from apex82:

If it can get back above I would buy as many contrats as i can with a 3 tick stop and let it ride!

Was not able to get back above 1438.50 so trade is canceled
 
Could be a late day YM rally... (I know this is ES journal, but since I believe indexes are synced at this time, I figure I can get away with it. :) )

1) 12547 is a key level... a price consolidation area as well a S1 on pivot (depends on which calc you actually use). This may act as a spikedown magnet... be prudent, don't chase.

2) 15m and 2m show bull divergence. (DPO and RSI)

3) Intraday cycle work confirms.

Play what you see,
Osorico
 
Quote from apex82:

stopped out

yeah, i got in after that last bottom-out at 1436.25 myself, i think the down trend may be over for now, but after trying to get long earlier, I'll be happy to make scratch.

if i could figure-out a decent martingale pattern i'd use it, but i can't, so i'll just have to wait until week's end to tally up.

JJ
 
ya I see the rally beforehand as well.. If they are serious about turning this market you should see buying coming in at 1436 on the retest. I will be reentering there again. risk reward is good
 
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