ES Journal Archive (2006 - 2008)

[ammo]

gap from 1476-1482 from friday to monday that basically didnt trade,not time wise anyway

 

[apex82]

alright entered the sell zone... would love to see a bearish hammer now on the 15min.. if not I am staying away from shorts.

 

[mbusch]

Closed out my long from 1459.50 at 1468.75 for +9.25. (I was late to the party.) We're right at the top of the wedge, so one of two things can happen here and we need to wait and watch to see which.

 

[apex82]

alright getting short early here at 1468... stop at 1471 will add on with a bearish reversal bar on 15min

minimum size on this first entry.

target 1455-1460

 

[apex82]

waiting for a pullback up to 1467-1468 to add on full position

stop will be placed 2 ticks above the 15min bar high

 

[mbusch]

Quote from apex82:

waiting for a pullback up to 1467-1468 to add on full position

Not sure that's going to happen. We're down 6 points from the top here, and even a 50% retracement would only make it to 1466.375. Kinda looks like it's consolidating horizontally here in the 63-65 range and might just go down from here.

EDIT: There's 50%. I'm short from 1466.00.

 

[apex82]

Quote from mbusch:

Not sure that's going to happen. We're down 6 points from the top here, and even a 50% retracement would only make it to 1466.375. Kinda looks like it's consolidating horizontally here in the 63-65 range and might just go down from here.

patience.....

 

[mbusch]

Quote from apex82:

patience.....

Your specialty. (I say that in awe, sir.)

EDIT: Well I'll be damned if you didn't will it up to 67!

 

[apex82]

there she is .. full position added on at 1467

stop at 1470

target 1460 and 1455

trade is countertrend.. but love the R:R and confluence

 

[mbusch]

Quote from apex82:

there she is .. full position added on at 1467

stop at 1470

target 1460 and 1455

That's magic!

I'm short from one point below you. Obviously not patient enough.