ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from RichardRimes:

It was a nice trade and nice call...did you buy early this am when it hit?

Chop is probably the toughest trade...today the bears will be right and the bulls will be right...being on the RIGHT side of the trade is the toughest!

No, I didn't catch it. I don't trade afterhours and rarely before 10:30 because of the chop (I also work mornings as a professor--all morning classes!). I miss some trades that way, but for me it is not worth it financially. The trends after 11 always seem cleaner to me.

I expect that the premarket 1406 area will be probed this afternoon. If that area holds, I expect 1459. If I see confirmation of a reversal AROUND 1406-8, then I will go long and expect to see a 50 point pop.

 

[apex82]

anyone watched my corn video on youtube.... its gone straight up and just went limit up today.... Get it on a daily pullback and hold until it doubles...

This might be the best trade of my career...

 

[smilingsynic]

Quote from mbusch:

Has or will?

Beware NOW! RIGHT NOW!

 

[mbusch]

Quote from mbusch:

Poop! Stopped out at breakeven. Of course, now we go to 1420+.

Told ya!

 

[mbusch]

Short at 1422.25 for the big one, small. I may be too early here, my preferred entry target was 1425.50

 

[apex82]

Quote from apex82:

filled at 1418.75 last unit long placing stop at be looking for new highs

however we most likely drop to new lows on the day from here

out last unit here at 1422.50

will probably go higher.. but ill take it..

 

[mbusch]

Quote from apex82:

out last unit here at 1422.50

will probably go higher.. but ill take it..

Your sell to close and my sell to open were one tick apart. Spooky!

 

[mbusch]

Quote from smilingsynic:

Beware NOW! RIGHT NOW!

SS, I was watching for that thrust to get short when we broke out of the pennant continuation pattern on my 240T chart. Is that what you were seeing, too, or something else?

Fib extension on that move was 1421.20 for the 61.8% and 1425.50 for the 100%, so I figured to get short somewhere in that zone.

 

[apex82]

long es here 1418.25

1.25 stop 3pt target

 

[smilingsynic]

Quote from mbusch:

SS, I was watching for that thrust to get short when we broke out of the pennant continuation pattern on my 240T chart. Is that what you were seeing, too, or something else?

Fib extension on that move was 1421.20 for the 61.8% and 1425.50 for the 100%, so I figured to get short somewhere in that zone.

What I was looking for, and eventually saw, was a breakout to new highs, but the drying up of demand. Price came back into the prior range. This was a sell at 21 on stop (1-2-3).

I'm tightening to 20, since movement has stalled.

I don't do Fib.