ES Journal Archive (2006 - 2008)

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Quote from gwac:

Just a reminder last time we were up here 1406 was the level we could not get through before we collasped

yeah, but last time it went from the lows to up here in 5 days... and this time it basically did it in a day....fwiw.
 
Short1405.5. Stop 1437 target min 1387. swing trade.
I believe this trade has 90% probability so therefore stop over 200 EMA and R1 daily.
I am afraid that like usual I am early and need take a lot of heat but I am afraid they can turn it down.
 
still an important level

Quote from gorkgonzola:

yeah, but last time it went from the lows to up here in 5 days... and this time it basically did it in a day....fwiw.
 
Daily histo is now almost there, ImPO once we get @ centreline close price will go quite a bit higher, I don't have any solid projections, but looking at basic resistance zones maybe it is headed towards 1440-1500.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1947050>
 

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Quote from Pholeuon:

Short1405.5. Stop 1437 target min 1387. swing trade.
I believe this trade has 90% probability so therefore stop over 200 EMA and R1 daily.
I am afraid that like usual I am early and need take a lot of heat but I am afraid they can turn it down.

Daily & lower charts are looking bullish the way I view them, what are you seeing to go short with such a big stop?
 
Quote from Pholeuon:

ES is extremely respecting Boolinger on daily. We have little room go straight up.

But have you considered outbreak times? You don't get Bollinger upper resistance, instead we get range expansion which widens the bands
 
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