ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Given bearish appearance of 15-, 5- and 3-minute charts and the apparent attempt to break out of the "bear flag" upchannel, I'm sticking with my short position for now. I'd be a lot happier of the 60-min looked bearish, too, but we can't always have everything we want. We've got a double bottom at 1460.50 but without much conviction (volume), and if we can get below that my poorly-entered short will have a happy ending. But my finger is still poised on the "bail out" button.
Still not seeing bullishness on 15, 5, or 3, so remaining short. We have to break through resistance at 1554-1552, then 1445, to get to 1430s. If we get to 1430s, I'd be inclined to look to enter long there.
EDIT: Possible bullish divergence on 5 and 3, watching closely.
EDIT: Nice resistance at 1458.50, sellers coming in each time it's touched. Remaining short.
EDIT: Not liking this P/A one bit. 1458.50 resistance violated. I'm out of my short at a 3-point profit here, now flat. It was a bad idea in the first place.
My short-term bias is presently neutral. I'll be a buyer below 1440, and a seller above 1470.
EDIT: Possible bullish divergence on 5 and 3, watching closely.
EDIT: Nice resistance at 1458.50, sellers coming in each time it's touched. Remaining short.
EDIT: Not liking this P/A one bit. 1458.50 resistance violated. I'm out of my short at a 3-point profit here, now flat. It was a bad idea in the first place.
My short-term bias is presently neutral. I'll be a buyer below 1440, and a seller above 1470.
Quote from BoyBrutus:
I saw the wyckoff spring on the multi-day down trend line, but this leg has no volume
The only Wyckoff spring I have seen this afternoon was at around 2:15 EST. Went long at 55.25 (on stop) for 3.25 points.
Thanks. I missed the stronger 10-point plus move a few minutes later while talking on the phone with my three-year old. There is a lot that is more important than money, and while there will always be moves to capture, they're only toddlers once.
To be fair and balanced here, went long on pullback to 58.75 (at top of head and shoulders--prior resistance), and was stopped out at 57.25 in less than two minutes.
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