ES Journal Archive (2006 - 2008)

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I think volente likes to take something off the table at a 50% retracement of the 10 pt run., would be prints with 22 handle (well technically 1321.50, but there is chart support at 1322.00)

I already took my profits but since I didn't post entry, what's the difference anything with a 1322 handle looks like a good profit to me.:p
 
Personally I really feel more confident whenever the rule of 10 is supported by what I use, I might not be in a trade at extreme levels though.
 
JSS,
trade was supported for me. If I consider a Rule of 10 I always like to see a PPI (Price Point of Interest) and even though many reading here might not care, I run pivots and fibs on the AH prices and today the S2 for AH trading came at 1326.00, so, that was a price point of interest to me, especially when I added 10 to the low of the sideways consolidation just before 11am ET and saw that 1316.50 (low of consolidation) plus 10 was right near that S2 for the AH.
that info and a billion dollars would make me a millionaire :D
 
Quote from ammo:

sh 27.5
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Why get short in the middle of a bullish run? Amateur move IMO. Wouldn't waiting for confirmation be a better way to set a short on a day like today? Trending up intra-day since early am with some decent buy blocks propelling. Having already retraced to 1310 and showcasing the hardest bounce of a low during this last 7-day down cycle, I'd be wary about getting short here unless it drops below 23-24.

Also, how did you get short at 27.5 @~1pm or prior?
 
Quote from Syprik:

Why get short in the middle of a bullish run? Amateur move IMO. Wouldn't waiting for confirmation be a better way to set a short on a day like today? Trending up intra-day since early am with some decent buy blocks propelling. Having already retraced to 1310 and showcasing the hardest bounce of a low during this last 7-day down cycle, I'd be wary about getting short here unless it drops below 23-24.

Also, how did you get short at 27.5 @~1pm or prior?
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He's shorting the run up to resistance.

It's a valid move (and will probably work out well), but I wouldn't take it.

Good trading.
 

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Quote from MandelbrotSet:

He's shorting the run up to resistance.

It's a valid move (and will probably work out well), but I wouldn't take it.

Good trading.
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IMO the safer move is to get short @ 27-28 after twice failing @ 28.5-29 on a 3-5min. I agree it will likely work out but was not a patient move.
 
Quote from ammo:

sh 27.5
More...
out 27, was gonna sell more at 29 but didnt see sellers come in ,glad to be out at 27 support line from 9.45 and 11.45 lows on 5 min is holding
 
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