ES Journal Archive (2006 - 2008)

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Quote from apex82:

Well I got my new high... a little earlier than I wanted.

Filled short mini contract June crude at 125.60 1/4 of position due to weekend risk. stop at 127.60 give or take a couple ticks.

will increase position on a daily reversal or bearish formation.

RR for first target is about 5 to 1
Very countertrend so lower odds, hence the good RR

1st target 115-117

2nd target 110-112

3rd target 100-102
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Nice, i had a feeling you would not pass up this zone. Amazing confluence on all timeframes and overlapping 5 waves. Tagged the 126.10 zone that i was waiting for.

Got short 126.00 to the tick in my swing position early in the day. Not that wide a stop but willing to re-enter 3 times on this one.

Only problem is that too many people viewing this same zone, they may blast through 127 before taking it down.
 
Quote from Mins:

Nice, i had a feeling you would not pass up this zone. Amazing confluence on all timeframes and overlapping 5 waves. Tagged the 126.10 zone that i was waiting for.

Got short 126.00 to the tick in my swing position early in the day. Not that wide a stop but willing to re-enter 3 times on this one.

Only problem is that too many people viewing this same zone, they may blast through 127 before taking it down.
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Ya I agree... with a run up like this it usually takes a blow off type setup to turn it around. Since I am still expecting this it seems fitting to explode higher on monday-tues and then turn around and close down on the week. Hence my 1/4th the size, I just want to be positioned and on my toes. I dont like holding a commodity like crude over the weekend so close to my stop as well...
 
Quote from blaster1:

Short 88.75, stop 89.75. Finally got the bounce I was waiting for.
Edit: first target 85.25.
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Quote from blaster1:

Scaling out @84.50 +4.25.
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Out rest +.50, don't like it here.
 
<a href="http://content.screencast.com/media/915f5c8c-76d5-4c1a-b4b0-f1f10813f0d7_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_05092008-141845.jpg"><img src="http://content.screencast.com/media/915f5c8c-76d5-4c1a-b4b0-f1f10813f0d7_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_05092008-141845.jpg" width="1278" height="1001" border="0" /></a>

bond market indicating...

1) higher rates

2) equity inflation

3) producer/consumer/inflation
 
Quote from apex82:

Ya I agree... with a run up like this it usually takes a blow off type setup to turn it around. Since I am still expecting this it seems fitting to explode higher on monday-tues and then turn around and close down on the week. Hence my 1/4th the size, I just want to be positioned and on my toes. I dont like holding a commodity like crude over the weekend so close to my stop as well...
More...

Trade was looking good midday, but your right, that oil move needs a blow of top.

Still think the turning point is close, just want to get a small piece of it.


:D
 
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