ES Journal Archive (2006 - 2008)

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Not watching the market today ...

Just a quick look showing NQ wanted to at least retest the top of the consolidation area made in july to early aug.

Price action there will dictate the direction of next move.
 
1868 area is the 61.8 retracement of the 1800 to 1977


Quote from Lawrence Chan:

Not watching the market today ...

Just a quick look showing NQ wanted to at least retest the top of the consolidation area made in july to early aug.

Price action there will dictate the direction of next move.
More...
 
Quote from Buy1Sell2:

08-26-08 01:01 PM

Will get long with 20 @ 1267.75
Stopped in---Initial stop 1261.50
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What's with these sequential trades today? It very unlike you from what I've seen in the past.

Wouldn't you have been better off just leaving your original position and original stop alone (Long 20 @ 1269.50 / Initial sell stop 1255.50)?
 
Quote from GTS:

What's with these sequential trades today? It very unlike you from what I've seen in the past.

Wouldn't you have been better off just leaving your original position and original stop alone (Long 20 @ 1269.50 / Initial sell stop 1255.50)?
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Been wondering the same thing myself.

OldTrader
 
Problem is that this line looks to me wide and can be set anywhere between 1882 and apporixmateley 1850.

There is 200 EMA aroung 1860 - this will be nice bouncer. But I do not think we have time go there and bounce making hammer so it can be just job for tomorrow /fall through it we have plenty of time/


Quote from Lawrence Chan:



Just a quick look showing NQ wanted to at least retest the top of the consolidation area made in july to early aug.

Price action there will dictate the direction of next move.
More...
 
This PA is a lot like last week, ES hanging around the 65 area as NQ weakens...

ES should be below 60 but yet again holding on....

Long NQ 82 stop 58

tp1925.

Lets see if history repeats
 
I see things the opposite...got a feeling it could get really ugly into the close.

Going short here at 1267.25. Stop at 1269.50
 
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