ES Journal Archive (2006 - 2008)

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I don't want to seem like a party pooper but this has the makings of another strong downtrending day. we could very well take out the 10-day low. the only possible long scenario should be right after the 8:30 jobless claims. The 1st trade of the day right after the report will be a long position. After the 9:30am open the after the overnight high is attempted/tested if the mkt fails to take out that level the 2nd trade will setup which will be a short position that could be possibly held into the close.

good luck.
:cool:
 
Quote from pulsescan:

I don't want to seem like a party pooper but this has the makings of another strong downtrending day. we could very well take out the 10-day low. the only possible long scenario should be right after the 8:30 jobless claims. The 1st trade of the day right after the report will be a long position. After the 9:30am open the after the overnight high is attempted/tested if the mkt fails to take out that level the 2nd trade will setup which will be a short position that could be possibly held into the close.

good luck.
:cool:
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BTW current resistance is at 897
 
Quote from riaamaan:

Be careful out there. Jobless claims at 8:30.
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TY! I would like to think that this data is already priced in, but again who knows? We are the only ones that haven't got a clue about fundamentals, I just go with the flow the way I see it.
 
Quote from JSSPMK:

L885.75, s~3, h/s-10

Scaled out 2/3 +4.5, stop to b/e
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extending stop on 1/3 to LOD 882.5

8.44am seeing a 'possible' BO :) out of todays bear channel
 
Are they after yesterday's gap closure? I sure hope so!

1/3 +11.25 no prisoners taken

In theory I would have liked to hold, but in my piker world I need to close, scaredy cat tactics
 
L897.75, s~2, h/s-10

re-entering BO move off 1m histo

Scaled out 2/3 +2.25

Right now for me the filter is 10m chart, which I view as bullish bounce/reversal

All points to yesterday's gap closure now, the way I see things of course
 
I'll need to see a break of 1000 OR a longer term buy signal before I will start cautiously looking long. Yes, I have seen the buy signals on the short term charts. --I am not trading those. --I am looking for extended gains with the trend only. --Ishmael.
 
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