ES Journal Archive (2006 - 2008)

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Quote from MandelbrotSet:

Long @ 1346.50

PS @ 1342.50

May exit earlier if this is false support ... but I don't think it is.

P.S. To put the trade in its proper context.
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If it hits it hits.

Out @ -4pts ES.

With the NQ dropping I knew I wasn't going to get support there, but I'd rather hold the trade as is for the purposes of the Journal.

I still think we're seeing the lows right here, but price action will have to "prove it".
 
price needs to make a new low stalling here,

Chickens they are for now, needed more powder

A trade scratched in my book is a winner.
 
Long @ 1344.00

PS @ 1340.00

Looking for the bottom to be put in this morning.


P.S. Actually, there is a small amount of fear, but if distribution doesn't follow it, the market will take off from here.

Regards,
 
Quote from Arnie:

Short NQ @ 1967.00
Stop @ 1969.25

Looking for test of morning lows
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after the huge 40pt drop from yesterday's open i'd say the risk is to the downside, but then again, i'm a contrarian by nature.
 
<a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/000202BF.gif" border=0 ></a>



EDIT: FWIW, this is the value of having a DEAD ZONE during first hour, if nothing is there, no sense in forcing the issue. Helps one to NOT overtrade. It will come to you sooner or later. <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/000202B0.gif" border=0 ></a>

The trading gods .. :D
 
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