ES Journal Archive (2006 - 2008)

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Quote from OldTrader:

Very true. However, the reason I don't use 1390.50 is that I can't see a technical reason to do it. It seems too aggressive to me.



OldTrader

Apparently it was too aggressive although I might point out that you could have always gotten back in as well.
 
That had the makings of an intraday top... capitulation volume + 10 and 15-min bearish D. Short NQ at 2048, stop 2050.50... target 2040.00

:stopped out: too bad, that was a good setup too. Probably has to do with the fact that NQ broke highs already today.
 
Quote from Lawrence Chan:

3 days in a row mid-day double top?

I agree with you. A/D line 3:1 in favor of advances is going to be kinda tough to buck.

I'm already sorry I sold. LOL.

OldTrader
 
Quote from kinggyppo:

Can someone summarize today's price action. I am stuck in an airport with no data, es is up a lot? Thanks.:)

Gap and go would be the best summary. Currently trading 1398.00. High 1398.75. One small reaction about 11AM EST of about 4 points to 1390.25.

OldTrader
 
Quote from OldTrader:

OK, I sold the other half at 1395.25.

OldTrader
Nice trade! I've been reading most of your post since your first post and learned a lots. Thank you.
 
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