ES Journal Archive (2006 - 2008)

[Bigpipn]

Weeeee nice lil short there on U/J down to S1

 

[JSSPMK]

Quote from RsX:

Long 1343.00 , -3.50pts stop. Target around 1380.

1m is bearish

 

[RsX]

Ya I see it JSS. I'm anticipating for it to turn in the direction of the multi-day trend (which is bullish) based on what I just saw - extreme volume peaks and a sharp decline right down into my 1342-1345 area. That's my signal for the most part.

 

[JSSPMK]

Quote from RsX:

Ya I see it JSS. I'm anticipating for it to turn in the direction of the multi-day trend (which is bullish) based on what I just saw - extreme volume peaks and a sharp decline right down into my 1342-1345 area. That's my signal for the most part.

I am not that astute when it comes to trading off levels, I know that you don't scale out so ImO you need to see not just a level touch, but potential move being supported by some other indicator, be it volume, T&S or whatever else. Anyway ImO

 

[RsX]

Quote from RsX:

Long 1343.00 , -3.50pts stop. Target around 1380.

Position reached +5.00pts, raising stop a little bit here, to 1340.50 (-2.50pts). 1341.00 could still be touched as long as we stay below 1350-1351 area. Trying to take stop management conservatively though - because of the target distance.

 

[ammo]

vol, call up your t boys and tell em to push this back up

 

[mbusch]

Where'd everybody go?

Anyone see a rising bearish wedge here, plus MACD divergence on 1min and 2min? (ESM 1351-1353)

 

[candles]

short here 1349.3 (spx) 4 point stop

 

[ammo]

this looks like a summer day where the spus just sit there in a 3-4 point range

 

[mbusch]

Quote from mbusch:

Anyone see a rising bearish wedge here, plus MACD divergence on 1min and 2min? (ESM 1351-1353)

Unusually pretty setup. Short from 1350.50.

EDIT: Stop moved to breakeven.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1852655>