ES Journal Archive (2006 - 2008)

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I'm long with you JSS off the 5-min divergence in NQ... long from 97.25, stop at 95.75... target at 1808 (38.2 retrace plus pivot high)

Stop raised to BE... now to 98.50

Looking for one more push up to complete 1-min bearish divergence to get out.... i'll be tightening up the stop once it gets above 1803.
 
Quote from JSSPMK:

1/3 out +5.75 and Long 1354.25 off 1,2,3,5,10

-1.25

Re-entry

-1

Re-entry

Scaled out +2
More...

If there is a 3rd failure swing + triple D on 2 I will reverse

Jumping Ahead of time Reversed short now 1357 off 1 as trigger

Feels like it ought to decline nicely

Scaled out +2.75

TY Tom (read your post below :))

It would help if sellers were to act upon 120 which is still pretty bearish

Tom, I will answer here not to waste journal's space:

10-15 could easily be negated here, whether it will or won't happen I hold no clues :)

I had a look on Oscar's analyses concerning 3 day weekend trading and he seems to think that we will have am upside as volume gets low + charts point to a BO as he sees them. ImO I don't see this happening especially in DOW transport as Crude keeps charging ahead towards 100

Crucial moment here as we are at lower TL of pennant
 
Quote from tommymoose:

I'm long with you JSS off the 5-min divergence in NQ... long from 97.25, stop at 95.75... target at 1808 (38.2 retrace plus pivot high)

Stop raised to BE... now to 98.50

Looking for one more push up to complete 1-min bearish divergence to get out.... i'll be tightening up the stop once it gets above 1803.
More...

Out 1801.75.... 1-min getting bearish
 
Quote from JSSPMK:

If there is a 3rd failure swing + triple D on 2 I will reverse

Jumping Ahead of time Reversed short now 1357 off 1 as trigger

Feels like it ought to decline nicely
More...

Nice trading!
 
Quote from JSSPMK:


TY Tom (read your post below :))

It would help if sellers were to act upon 120 which is still pretty bearish
More...

I agree, but if feels like 10 and 15-min charts need to run their course to the upside first. Any thoughts?
 
Quote from RsX:

So far a positive reaction that will probably take the ES to that 1367-1371 area, where more serious supply should come in . Being more conservative with shorts here, since the multi-day uptrend has proven to be quite strong with the globex action today so far, but 1370 is worth the shot after confirmation on at least the 15-min charts.
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Better cover some of your shorts here at 1347-1349 for today... might get a fast and brutal bounce from this area. The expected 20+pts decline from 1370 area has taken place now and a sharp V-move could come easily from this area. Also the globex pivot S1 here at 1348...
 
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