ES Journal Archive (2006 - 2008)

regal_2012 · Sep 25, 2008

its amazing how few people recognize that last week was the bottom and start of a major rally.

75000+ members, and Im the only one thats bulli$h

I like those odds

Zodiac4u · Sep 25, 2008

Quote from Pekelo:

Looks like the start of a classic ADU. First shorting time is around 10 am...

Edit: We just dropped 5 pts from 9:59

Do ya think that it had something to do with the New Home sales at 10:00?

ammo · Sep 25, 2008

zod,where are your fibs,was 1215 a fib

pulsescan · Sep 25, 2008

Quote from pulsescan:

short now at 1214.00
stop @ 1223.00
target 1205.75

out at 1212.00

pulsescan · Sep 25, 2008

15 min reversal bar is in play.
will look to go long next afte the completion of this bar.

daniel33 · Sep 25, 2008

Quote from pulsescan:

out at 1212.00

Pardon for asking, what is the point of going against the trend for 2 points ?

More importantly, what made you change your plan ?

Daniel

vertigo3 · Sep 25, 2008

ammo,
1215 is 50% retracement of the range for the week.

one full extension of yesterday's RTH range would be ES 1217.75

Zodiac4u · Sep 25, 2008

Quote from ammo:

zod,where are your fibs,was 1215 a fib

15/16 76%, 23 is 100%. I would be looking at 20.

Pekelo · Sep 25, 2008

Quote from daniel33:

Pardon for asking, what is the point of going against the trend for 2 points ?

There is nothing wrong shorting in an uptrend. The better question is why he got out so early? There was another 4 points in it...(at least)

pulsescan · Sep 25, 2008

Quote from daniel33:

Pardon for asking, what is the point of going against the trend for 2 points ?

More importantly, what made you change your plan ?

Daniel

Quote from Pekelo:

There is nothing wrong shorting in an uptrend. The better question is why he got out so early? There was another 4 points in it...(at least)

thats a good question. i will attempt to answer it.

basically i look at order flow for quick profits. sometimes the orderflow is weak and i look to get out. i like to set my wide targets just in case the move is strong and order flow bares me out. Globex is a great indicator on the strength of the ticket. my reading was that the pullback might not be that extensive so i decided to take my 2 points and get out. the charts are showing a rather bullish set up for the day so i will look to bottom fish for a long that could carry me until the close.