ES Journal Archive (2006 - 2008)

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Quote from apex82:

I have absolutely no clue where this market is going thats why I am not assuming a longer term position.. The odds are a contiuation to the downside.. but not enough conviction in either direction for me.
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Yeah,I feel clueless, too. The bounce after the 10-point downmmove hasn't played out as I expected. The half of the shorts I hung onto are almost back to breakeven, and I just hate when that happens. Shoulda/coulda/woulda dumped 'em all at 1505.:)
 
Quote from avarus:

this is a trader's dream storm.
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I have to agree my intraday oppurtunities have been great the past week or 2. Chop is fine with me as long as volume remains.
 
Quote from avarus:

this is a trader's dream storm.
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absolutely.....nice ebb & flow.........made my quota x 4 yesterday before noon & `im @ quota today......this PA is fine by me before we break either way.

fwiw....i feel we need to see mid/hi twenties before we resume down.....i have 3 very nice sell levels in the 20`s & lo 30`s.
 
..... 3rd bull flag since the reversal ....
... see if we can break 16.5
... 10 min chart
... edit... aaaah... there is a little volume
...edit..... getting more/less momentum now... :)
...4th flag didn't even get a chance to form...
.... avarus... i would not count on 47 today :)
 
Just on update on the canadian dollar. I was looking for a possible entry again today after being stopped out last night but never got it. It is off to the races and has negated all my zones. Therefore I will take my stop as I intended to and will look elsewhere for high prob. trades.
 
Seeing bearish divergence again, right in my resistance zone of 1515-1518. If I was not already short, I think I'd be looking for a reversal bar to get short here.

Having said that, I'd love to get a short entry in the 20s. If we break above 1518, I'm guessing we'll zoom right up there. (That would also stop me out of my remaining shorts.)
 
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