ES Journal Archive (2006 - 2008)

[mbusch]

Quote from mbusch:

S 1512.75
BS 1514.25 (1.5 points)
PT1 1505.50 (7.25 points)
PT2 1498.50 (14.25 points)

Stopped out for -1.5.

 

[acerbits]

Quote from acerbits:

Short at 1513.25 , stop is 1514.75. 1st target 1510.00 2nd target 1506.75

Bah, stopped out @ 1514.75

 

[Spectre2007]

market wants to turn up.. wait for bargains since intraday tic action can give momentary bargains.

 

[acerbits]

is it just me or is a reverse head n shoulders forming on the ES?

 

[Spectre2007]

yes... selling tail at 1510--7

 

[Spectre2007]

hershey fans chaanel 30 minute 1520 top

 

[Spectre2007]

151o retest..

 

[tommymoose]

My charts are showing a major trendline AND the 50-day MA right at 1507 (on the CASH index)... looks like good short opportunity if the mornings highs are broken.

 

[Mins]

Quote from tommymoose:

My charts are showing a major trendline AND the 50-day MA right at 1507 (on the CASH index)... looks like good short opportunity if the mornings highs are broken.

My analysis is way off i think, im expecting a test of 1522 zone then at least 1525 before thinking about shorting.

 

[tommymoose]

Quote from Mins:

My analysis is way off i think, im expecting a test of 1522 zone then at least 1525 before thinking about shorting.

You very well could be right. I just plan on doing one of the reversal bar entrys with a 1 tick stop (APEX style haha) in that area because of the good risk/reward. I'm not sure how the index will react to the underside of the MA, I dont have any experience with it, but I'm gonna give it a shot if and only if it starts to look weak.