ES Journal Archive (2006 - 2008)

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I see, we are in a channel on the hourly. If we can get through on the top we are off to the races.

Quote from RsX:

Yes, so far it's held. I'm also anticipating a break of this week's downtrend line. So far the week's downtrend line has also held (from mondays highs at 1400 down to yesterday's highs at 1353.25), except for the failed breakout earlier today. It's about to be retested and I'm looking at a possible break-n-squeeze after that. The stop still stays at -1.50pts in case I'm wrong.

EDIT above 1330 now.. decision point. Stop goes to +1.50 (1325.75)

EDIT position up +10pts, stop goes to +4.50pts (1328.75)
 
Quote from kinggyppo:

was looking for $540.00 I didn't think it would happen today nevermind in an hour. Thanks. :)

Definitely didn't expect the move to be this swift in ICE or CME today either. I'm looking at possibly writing some calls on my ICE position at the close today as the March 150s are at $4.50 here.
 
Looks like a valid breakout on a 15-min chart here. Not quite the momentum yet, but it's not quite afternoon yet and there's still the 1336-1339 area..

Quote from RsX:
EDIT watching for the 1336-1339 as a key area today, though I'd be very conservative about short signals from there. More like a good long area on a pullback after we blast through it.. [/B]

Entered the area.. raising stop to 1334.25 (+10.00pts) here

EDIT out +10pts

EDIT would take one more long, but not before 1328.50-1330.50 area.
 
Quote from jagmot:

Definitely didn't expect the move to be this swift in ICE or CME today either. I'm looking at possibly writing some calls on my ICE position at the close today as the March 150s are at $4.50 here.

$543.00 was roughly the 38.20% fibn retrace from 660 to low at 475.
 
Looks like I missed out on a short, for some reason I decided to wait for 3rd peak on 1

Possibility of a DT looking on 10 min chart

Long 1332.25 buying TL 1 min histo climbing

Scaled out +2.25

3rd lower peak forming

negated

1/3 +5.5

Reversed 1337.75 Short off poss 2 triple D

Scaled out +1.5

1/3 -1.5
 
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