ES Journal Archive (2006 - 2008)

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I believe that this action here is just a bounce into more downside. This is very short term analysis, but the longer swing charts are negative. :)
 
Quote from Buy1Sell2:

I believe that this action here is just a bounce into more downside. This is very short term analysis, but the longer swing charts are negative. :)
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I just love it when B1S2, Apex, Spooz and I all agree! (Now just watch us all be wrong.):)
 
Quote from mbusch:

If ES gets up to 1520 or more in the next hour, I'll probably re-enter short before closing down my computer for the day. If it doesn't, I'll remain flat and see what tomorrow brings.
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When I posted that, I didn't really think there was much chance we could bounce that high in the first hour, but the way things are going it's not out of the question.
 
Quote from mbusch:

When I posted that, I didn't really think there was much chance we could bounce that high in the first hour, but the way things are going it's not out of the question.
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"I didn't really think " market could care less what we think.

Real pilots fly single engine, parachute optional.
 
Quote from kinggyppo:

wash trade out $149.65.
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There wasn't a whole lot of risk in that trade moneywise, and the trade entry gave great R:R.

The SPY's are a great place to try your hand at trading, but just treat the capital like what it always is, will be, and has been ... risk capital.

Good trading,

JJ
 

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Beautiful 61.8% fib retrace, to the tick. Headed back up above 1511, probably to close the gap. I'm flat, and will probably have to remain so as I need to bail in a few minutes.

EDIT: Never mind. My mistake. Retrace was only about 53%, not 61.8%.
 
Quote from JimmyJam:

There wasn't a whole lot of risk in that trade moneywise, and the trade entry gave great R:R.

The SPY's are a great place to try your hand at trading, but just treat the capital like what it always is, will be, and has been ... risk capital.

Good trading,

JJ
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The stop could have been wider but shoulda would coulda never pays the rent. May re enter down to $1495.00. :)
 
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