ES Journal Archive (2006 - 2008)

smilingsynic · Jul 8, 2008

Quote from smilingsynic:

Congestion = lunch = a few minutes available to post.

Overnight, the low was right at S1, where it bounced. If the market challenges S1 and does not break through, the pivot is in play, and perhaps even R1.

I am not looking for 80 points at this point, as I still do not see the signs of capitulation. Today looks like an inside day in the making, at least in terms of 9:30-4:15 trading. Stop is at breakeven + 1 (1339.25), and I have a limit sell order at 69 (70 is not bad a target, but not as good as 69!--RIP, George Carlin).

Gee, if 48.25 prints, which is where I moved my stop, there shall be no 69 this afternoon, and hence no afternoon delight.

JSSPMK · Jul 8, 2008

Quote from smilingsynic:

Gee, if 48.25 prints, which is where I moved my stop, there shall be no 69 this afternoon, and hence no afternoon delight.

Moral of the story is - don't be a pig

ammo · Jul 8, 2008

sh 3.25,30 min supp tl was broken now res appx 54,added 5.25,avg 4.25 59 stop

Lawrence Chan · Jul 8, 2008

Trying hard to put in a 3rd higher low now.

JSSPMK · Jul 8, 2008

1m could put in a very low 2nd pass in which case we ought to visit SS's stop

Quote from JSSPMK:

S1256 50% size, s~1261, h/s+10

DT?

here we go

Scaled out 1/2 +3

hard stop to 1261

1/2 b/e

that was daft to cover at resistance

smilingsynic · Jul 8, 2008

Quote from smilingsynic:

Gee, if 48.25 prints, which is where I moved my stop, there shall be no 69 this afternoon, and hence no afternoon delight.

Moving target to 61, and stop to 50. Action around the daily PP concerns me (Wyckoff upthrust).

JSSPMK · Jul 8, 2008

S1255 off 1, s~1.5, h/s+10

-1.5

re-entered same stops

-1.5

WTG SS!

ammo · Jul 8, 2008

0ut 59 at res

vertigo3 · Jul 8, 2008

smilingsynic,
what kind of a sell order did you put at 61.00?

smilingsynic · Jul 8, 2008

Quote from smilingsynic:

Moving target to 61, and stop to 50. Action around the daily PP concerns me (Wyckoff upthrust).

Price hit 61 but no fill. Was in can when price surged to 61. Moved target to 59 when I came back and saw the huge volume bar at 61. Out at 59 (20.75).

Now watch it go to 69 without me. Hate that when that happens.