ES Journal Archive (2006 - 2008)

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Quote from steve46:

Another look a the 5 min chart for possible short re-entry
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I would agree. Cash is somewhat confirming... cash has failed to break the 2-day upslope. ES hasn't even made it to the upslope (yet?).
 
analysis using other markets, bond yields ticked up again.. very bearish for equities.

nonfarm payrolls euphoria over. coming off world euphoria too. Next few weeks should be bearish.

fed easing is a long ways off.
 
dont like the PA taking 3rd unit off here at 1537.50 for a profit of 5.5pts on the last piece. Now flat and waiting for reentry at lower prices next week. If market moves higher have a nice higher level short setting up at that 1547-1548

Probably premature but I like going flat into the weekend when I have a choice.
 
Quote from vertigo3:

oso,
and would you consider the last 3 or 4 bars on an ES 15min chart a bullish flag?
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Yes, you could. I like a min of 5 bars before "recognizing" it as a flag... This one looks like a flagpole... I'd use simple fibs to try to pick a low entry point (and initial stop) and an add on a break.
 
Long er2 right at 852.20 3 tick stop minimum 2 point target

One of those lotto trades lower probability but nice risk/reward and fits in the context of my plan

smaller size since low volume friday, summer as well.

EDIT: stopped out -3ticks
 
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