ES Journal Archive (2006 - 2008)

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Quote from JimmyJam:

Wrong, out at -0.1pt ($-10).

It's either a better sale higher, or a better buy lower, but I won't do anything more from here.

Good trading,

JJ
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IMO whenever I am not certain, don't take the trade :)
 
Quote from romik:

IMO whenever I am not certain, don't take the trade :)
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Yeah I hear you, but.

Short @ 771.60, PS @ 773.60

more to come ...
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Just wanted to make it (the entry) legal :p .

In a gap situation, you can't use the usual retracement methods to get long, because there is a strong likelihood that the Gap will be faded, especailly when it is against the dominant trend.

So I'm looking at fib ratios, and either the 772.50 or 781.25 are going to work pretty well for that purpose. All of the other indices have a for sale sign up, and last but not least, as Vol_00 said, it is about that time! :D

Good trading,

JJ
 
Quote from JimmyJam:

Yeah I hear you, but.

Short @ 771.60, PS @ 773.60

Good trading,

JJ
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I'm out at 769.50, +2pts ER.

Does it become a "buy" from here?

Don't know, but last night's analysis signaled a potential for a tightened range type of day, so I have to take the coins when they're in the purse (to mis-quote porgie).

Still looking for potential buys lower, or sells higher.

Good trading,

JJ
 
Here are my shorting levels for the ES if and when we get there.

1400-1402.50

Main Zone at 1411.50-1414

Big zone because of the discrepancy that happened last night in the globex..
 
Quote from JimmyJam:

Stop hit, currently flat.

JJ
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Re-enter short @ 776.50. This trade is based on the Triple Brearish Divergence in momentum vs. price action.

Good trading,

JJ
 
the market wants to go higher, I wouldn't short it today, unless your expecting the sell-off on the close.

the character of the market changed, the bull has started again.

we will probably try to test highs, 1460 before the summer break/vacation starts, then selloff again.
 
Quote from Spectre2007:

the market wants to go higher, I wouldn't short it today, unless your expecting the sell-off on the close.

the character of the market changed, the bull has started again.

we will probably try to test highs, 1460 before the summer break/vacation starts, then selloff again.
More...

We're currently at yesterday's highs, which is also the 61.8% fib retrace of the last selloff.

I've re-shortred there at 778.50, currently holding with a stop @ 780.50, and I might have to hold this overnight.

If it holds, looking for the Gap to be filled and will close the position 758.50
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Currently down 2pts ER on the day, at zero as of Monday.
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Good trading,

JJ
 
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