ES Journal Archive (2006 - 2008)

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You are right but I am trying to figure out whether this is their afternoon game to get inventory for the late day rally or this thing is going back to 1350.

When in doubt stay out.


Quote from JSSPMK:

Momentum seems to be stalling & price wedging
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Quote from jagmot:

Long here as well, 1356.25, 3 contracts. Just got back in front of the computer and see a nice RSI setup on the 15 and forming on the 30 and 60.

Stop at 1339 (catastrophic). Once market opens, I will be moving it to 1347. I'm due for a stopout and I'm sensing it might be here. My gut is telling me this for some reason, but that's what we have discipline for and take the setups we see.

Targets same as previously, 1366, 1370, and 1375.
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Stop back on at 1347, came within 1 tick overnight but not close to catastrophic. We shall see what happens today, but trade setup still looks good.
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First target hit 1366.25. Stop moved to 1357, slightly above breakeven.
 
Short 1365.5 off 1, stop near HOD, hard stop +10

Reason: Just like before failure swing near HOD on much lower histo, this might have legs

Scaled out 2/3 +2.25
 
Quote from gwac:

You are right but I am trying to figure out whether this is their afternoon game to get inventory for the late day rally or this thing is going back to 1350.

When in doubt stay out.
More...

Like Chan mentioned longer term charts point upwards, but at the moment I see not so worthy triple D on 3m
 
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