ES Journal Archive (2006 - 2008)

[apex82]

Quote from apex82:

Cover shorts... es holding zone

Looking for low risk longs until 1501 is taken out

alright bounce as expected right up to 1506.50 first resistance trading at it at this second

1508 is better for a low risk/high reward entry

 

[osorico]

Quote from apex82:

Cover shorts... es holding zone

Looking for low risk longs until 1501 is taken out

The playable bounce. Now sitting on hands. Retest of lows from here is preferred, but not necessary, before looking long.

Its so damn predictable, when it is.

 

[steve46]

Nice day here.

I noticed a while back that the $ADD (diff btwn advancing and declining NYSE issues) was often just a little bit ahead of price.

Heres a chart showing how it played out so far today.

 

[apex82]

Quote from apex82:

alright bounce as expected right up to 1506.50 first resistance trading at it at this second

1508 is better for a low risk/high reward entry

Nice pullback off the resistance zone... to the tick. Lets see if we can get new lows... it may want to bounce around a bit possibly get up to 1508 first.

Targets are 1500 and 1497.50

 

[osorico]

Quote from apex82:

Nice pullback off the resistance zone... to the tick. Lets see if we can get new lows... it may want to bounce around a bit possibly get up to 1508 first.

Targets are 1500 and 1497.50

Yea. I didn't really notice. YM got to 12368, missed the previous 12369 zone by 1 tic. Thanks for pointing that out.

 

[apex82]

Quote from apex82:

Nice pullback off the resistance zone... to the tick. Lets see if we can get new lows... it may want to bounce around a bit possibly get up to 1508 first.

Targets are 1500 and 1497.50

Ok consolidated as expected and has now moved up to the max zone. I am now short at 1508 with a stop at 1509.75. Looking for a retest of the lows and a move lower. I will be be managing the trade as a multiday top.

 

[jficquette]

Quote from apex82:

Ok consolidated as expected and has now moved up to the max zone. I am now short at 1508 with a stop at 1509.75. Looking for a retest of the lows and a move lower. I will be be managing the trade as a multiday top.

Why are you getting short at EOD with CPI coming out tomorrow??

John

 

[osorico]

Quote from apex82:

Ok consolidated as expected and has now moved up to the max zone. I am now short at 1508 with a stop at 1509.75. Looking for a retest of the lows and a move lower. I will be be managing the trade as a multiday top.

Interesting. I went short YM @377. Based on 2m trendline and MA. Nothing else. 7tic stop. Last trade o' da day. Will hold till eod, unless stopped.

 

[apex82]

Quote from jficquette:

Why are you getting short at EOD with CPI coming out tomorrow??

John

Because my trading plan says so... its a 1.75pt stop...always low risk on my trades.

I dont have any inside info on the cpi data being released do you?

 

[jficquette]

Quote from apex82:

Because my trading plan says so... its a 1.75pt stop...always low risk on my trades.

I dont have any inside info on the cpi data being released do you?

Yes but I ain't telling.

John