ES Journal Archive (2006 - 2008)

[ammo]

staying below 1397 and 1388 trendline on 5 min,looking to short or long at that point,breakout or bounce back down

 

[apex82]

Quote from tommymoose:

92-93 looking even juicier now if we move up from this level... additional 100% APP on top of the gartley

yep they sucked in the shorts on the DT including me.. thats why I covered so fast

now the pros sell into there stops above the high taking it up to 92-93, the shorts frustrated reverse long and then the market turns down...

just how I play it out in my mind

 

[StockyIrishman]

too many shorts scared to be long over weekend and vice versa.

 

[smilingsynic]

Quote from apex82:

yep they sucked in the shorts on the DT including me.. thats why I covered so fast

Wonder how many traders out there are shutting it down because they got out of that short (picture perfect set up, imo) with a small loss/gain/breakeven and are hesitant to get trapped again?

 

[Spectre2007]

most everyone is waiting for 1420-30 zone to take profits..

 

[apex82]

notice the structure from the bottom as well... straight up... meaning all stops and therefore no support on the way down if they decide to turn it.

 

[tommymoose]

Yep, I'm expecting a quick explosion through highs, and within a few minutes landing us between 92-93 for a great R:R short... that will drop fast


Looking for the last push up.... gotta stay above 89

 

[JSSPMK]

Quote from JSSPMK:

Long 1383.5 off 10

Scaled out +2.75

+7.25 don't like 1 min, agree with Apex

I must admit 10 min still looks proper for a long, can't wait for it any longer, pub mates await

Best to all!

 

[vertigo3]

5min cash looks like a bearish wedge to me

 

[smilingsynic]

Wonder what Rennick's "ball" has to say this afternoon.