ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

Long 1262 off 2, stop near 1261, hard -5
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betting on them t day boyz ?


:)

The only question is how low does it go after the bear market level area at 1260 fails to hold ?



Options paint 1200 as the downside target and 1350 as the upside. We shall see.
 
Quote from smilingsynic:

I'd love to see 1271 before 1295 and perhaps even 1320 prints this week on the ES. This is a holiday week and a end of the month markup week. This is also a bullish bias the first few trading days of the month.

IOW, there will at least be an effort before the long weekend.
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I wrote this on June 29. Since then there have been two attempts at 1295: Monday hit 1292 and today hit 1293.25, close to 1295, but not quite.

1320 was pie in the sky, and seems even more so after today's price action. Today hit a new high for the week, and then quickly went back into the range and sank right to the week's low of 1261.

Tomorrow's payroll is the wild card, and, frankly, it could go either way: 1232-1238 or 1293-1295. I'll be a swing trade buyer at 1238.25, looking for 80 points (and if it bounces off close to that level, I'll put in a buy stop, to avoid being penny wise, pound foolish). For the IRA, Dow etf at 11,020 and 10.080.

These will be swing trades, not intraday trades. Intraday trading is very different than short-term trading held for days/weeks.

JMOs--I always appreciate critical and friendly questions.
 
trans on a weekly have 150 points down for support and the macd just crossed over to the downside,spus have support at 1260 using 6/06 and mar of this year as support,if trans heads for next line 150 lower that puts spus around 1242,the only tl i can find down there is 8/98 and 9/01 lows at 1234 ,to use that u have to ignore the tech bubble selloff, i think it's time to pull the oil down ,if the world goes thru a meltdown they will be selling half as much oil,not much profit in that,i shorted it using uso 2 days ago and gaveup around noon and covered,i still think it's coming, was just early
 
Quote from iloveoptions:

This is scary as I'm going against the grain, but what the heck. Adding again one unit at 1273.25 . Placing additional Buy Stops to enter at 1274.25, 1275.25, and 1276.25 . Stops at 1252 on all.
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Current open positions: 1308.75 + 1273.25 + 1274.25 + 1275.25 . Sell limit placed at 1273 to exit all positions (except the 1308.75).
 
do you have anyway of gauging whether the post 3am move is just a bump or the beginning of a trend?

like right now, is current move to 64 beginning of move to 68, or a just a brief lift?
 
Quote from JSSPMK:

Long 1262 off 2, stop near 1261, hard -5
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Scaled out 2/3 +3.25

Duck, I thought you might like that one :)

Vol, if them T boyz wish to help out I wouldn't mind at all :)

Quote from JSSPMK:

If I was to bet a buck on an accumulator, then I would say

SPX - possible bounce & breakdown

USD - to follow suit

Oil - is sitting near the apex of a daily bearish wedge, but weekly still bullish, so I guess breakdown/retrace & continue upwards (since weekly is so bullish this bearish wedge might not be what it seems to be)

Gold - ImPO no way (correction: there's always a way :)) this puppy is breaking down until we re-test highs (same for Silver) N.B. not saying it will actually breakdown at re-test
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