ES Journal Archive (2006 - 2008)

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Nope out of my short at 67.25. Was trying to get back in at 68.50 but it didnt make it there. Looking for a small bounce and then i ll be re-entering.
 
Is it possible to have a Head and SHoulders pattern that is NOT at/near the highs of a run-up?

I ask because of the following formation I saw today in the 3 minute ES chart. (only a few minutes ago)

A standard measured move (distance from Head to Neckline subtracted from the neckline) would be a print 1562.75,

If you wanted to be conservative and you measure neckline to head and subtracted it from the H of the Rt shoulder, the move projects to 65.75, so far, the low print has been 1565.25 (S1 for today is 1565.33)

Opinions?
 

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Quote from Spooz Top:

getting reeeaaall tired of these gap n grind days.....mixed markets on top of that make it even more aggravating.

looking for 65 to hold......if not,there is plenty of air underneath.

14 100 on YM S as well.
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65 held.....took Ym instead at 14,081....

edit...out 3/4 @ 98/99
 
Quote from Mins:

I think we will see a move to 67 today - that rally yesterday evening will be retraced - i have been playing short side so far this morning. However, things may change any minute.

Took my shorts out at 69.50 - still think we will c 67 today but this may be a rally up here.

Damn - exit was too early for sure. :(
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Prices getting dragged down and the rally from yesterday evening retraced nicely.

Time to go long and scale out as things go my way.

Out 2 at 67.75 - leaving the other 3 with tight stop.

Out 1 more at 68 - don't feel great about this trade, maybe another test of the bottom here
 

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Quote from Mins:

Prices getting dragged down and the rally from yesterday evening retraced nicely.

Time to go long and scale out as things go my way.

Out 2 at 67.75 - leaving the other 3 with tight stop.

Out 1 more at 68 - don't feel great about this trade, maybe another test of the bottom here
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I wish i had kept all 5 - blast off time - out one more at 70. Still hoping for a new HOD. Trailing stop - wont mind getting back long on any retrace. :D
 
we're entering into a boring condsolidation/trading range market for the next few weeks

200 points up from the low of Aug 17, nothing else can be expected

very bullish going into nov/dec.Dont think we'll get 1600 this month but that is coming and more in nov.

blackguard
 
Quote from JSSPMK:

I would rather buy here
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The indice are all consecutively putting in a bottom.

Buing the dips will probably work fro anyone who still wants to put their capital at risk in a trade.

Good trading,

JJ
 
Quote from JimmyJam:

The indice are all consecutively putting in a bottom.

Buing the dips will probably work fro anyone who still wants to put their capital at risk in a trade.

Good trading,

JJ
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and if I don't want to put capital at risk, what trades will work well :D
 
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