ES Journal Archive (2006 - 2008)

[elovemer]

.... nice chart JS.....

Quote from volente_00:
Plays out nicely to have it fall from 1390 -1400 back to 1320 before the run to 1468

 

[gwac]

This is the kind of day the market needs to get back to 1400.

Shake out the weak longs, we will prob keep shaking till 2:45, than a late day rally.

 

[blaster1]

Quote from blaster1:

Long ER2 700.60.

Out 702.70 +2.10.

 

[blaster1]

Quote from detective:

Probabilities are pretty high that this is a trend day where the market just grinds lower all day and ends near the lows. Going long here and holding for more than a scalp is a low probability play.

Detective, you may be looking at a different time frame and that's fine with me, however I disagree about the low probability plays. Out of 20+ trades I did so far I only had 3 losers and a couple of scratches.

 

[detective]

Quote from blaster1:

Detective, you may be looking at a different time frame and that's fine with me, however I disagree about the low probability plays. Out of 20+ trades I did so far I only had 3 losers and a couple of scratches.

True, I don't think this is a great spot for a swing trade short, but it is a high probability short till the close. I would put a stop at 1359.25 and close out the position at the cash close. We've been churning near the lows for the last 2 hours, bearish pattern unless a buy program comes in. That's the only thing I see saving the day, that's what the stop is there for.

 

[JSSPMK]

Long 1356 off 10

needs to hold TL

scaled out +2.5

 

[ammo]

too much squabblin on here, you newer guys are gumming up the thread, gonna be hard to rally this mrkt with djt making new lows all day

 

[gwac]

Ammo we need the dollar to recover (I am seeing some sort of top on the euro), which will send oil down and transports back up. This is the scenario I am looking at before close.

Quote from ammo:

too much squabblin on here, you newer guys are gumming up the thread, gonna be hard to rally this mrkt with djt making new lows all day

 

[tommymoose]

Looking to take a short on NQ between 1835.25-1836.25

 

[ammo]

Quote from gwac:

Ammo we need the dollar to recover (I am seeing some sort of top on the euro), which will send oil down and transports back up. This is the scenario I am looking at before close.

gwac, the euro banks are in meetings now to possibly cut int rates, that should do what your saying for oil and dollar