ES Journal Archive (2006 - 2008)

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Quote from mbusch:

Watching the price action carefully here. May be another low-risk short entry coming up. Still flat, just watching closely.

EDIT: I'm seeing bearish divergence. I'm seeing the beginnings of some selling tails on the short term charts. Waiting for a confirmation of reversal before going short from here.
I'm now short from 1514 and change. (Placed the trade before I saw Apex's post...honest!:) )
 
Quote from mbusch:

I'm now short from 1514 and change. (Placed the trade before I saw Apex's post...honest!:) )

careful man... friday lunch is brutal at times... dont go big on this trade... they can run this thing another 20 pts if they wanted volume isl ow


just bought some crude as well

thats a nice 15min candle to help as well...
 
Quote from apex82:

careful man... friday lunch is brutal at times... dont go big on this trade... they can run this thing another 20 pts if they wanted volume isl ow
Nah, just a small bet. I'm going to have to run off soon anyway, so won't be able to trade into the close.

EDIT: If we don't fall off the cliff soon, I may have to just close it out for a push anyway. But with a nice RSI grail and a MACD histogram divergence, plus a lovely selling tail on the 15min chart, figured it was worth a shot...
 
Quote from apex82:

15min tail at confluencce forming a H&S... looks good

here we goo
Ya, I was just about to post the same thing, but you beat me to it. Lookit that lovely selling tail on the 15min chart.
 
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