ES Journal Archive (2006 - 2008)

[Specterx]

Quote from Buy1Sell2:

10-31-08 10:25 AM

short 20 @ 963.25

Initial stop 991.25
Will hold for the weekend if not stopped.

What's your target on this?

 

[ggoyal]

today was nasty. just nasty. i actually had a losing day today after quite some time. today's PA was tough. i should have been quicker in taking profits.

 

[Buy1Sell2]

Quote from Specterx:

What's your target on this?

None. I don't use targets.

 

[Lawrence Chan]

Quote from ggoyal:

today was nasty. just nasty. i actually had a losing day today after quite some time. today's PA was tough. i should have been quicker in taking profits.

As mentioned earlier, the PA of running through 3 to 4 handles up today contributed a lot to the fake out highs.

The only reliable thing is that we know the mkt tried so hard to push through the barrier ... so the run up is not that convincing.

I suppose JSS is correct that we will see choppy price action all the way for couple of months before a new trend is developed.

 

[Mup]

It was a very technical day....

 

[GermanTrader]

Quote from ggoyal:

today was nasty. just nasty. i actually had a losing day today after quite some time. today's PA was tough. i should have been quicker in taking profits.

Sorry to hear that, mate. I finished up nicely. Now I need to go finish up with my Stepjam instructor. Nice weekend all.

 

[kamek]

tuesdays (election day) should be very very interesting

 

[pulsescan]

*MARKET WATCH: Fridays trading managed to take out the recent highs but failed to close above the previous high. Due to the high volatility and the fact the market has not been able to sustain the rally I expect the market to retest the 52 week lows by weeks end. The system is looking to get short if the daily support is taken out. The system is expecting the Dow to go to 7,000 within the next 10 days! The election on Tuesday should help the market to gain downside momentum as Obama is expected to win the election. Likewise the VIX continues to remain at historical levels thus signaling more continued selling pressure to come. I expect prices to continue to go lower.




*Today's Price Points


ES (Emini S&P 500 Futures)

Entry Point = Sell @ 951.25 Target 943.00 Stop 959.25

Swing Trade Signal = Sell @ 907.25 Target 866.25 Stop 1162.75



1st Resistance 987.00

2nd Resistance 1007.50

3rd Resistance 1051.50

Intraday Support/Resistance = 963.50





Happy trading to all

 

[startraitor]

short 68.50, target 44- stop 76

From friday's pa see low 40s overnight but lower prob on sunday and eleciton week. Asia and Europe should lead us tonight. Will watch for cues.

 

[Pekelo]

Quote from startraitor:

short 68.50, target 44- stop 76

Wifey here. I have noticed that your stop losses are good entries for the same direction you originally intended.

Metastock gave a long term sell signal, but it might not play out until Tuesday. On my daily chart we still have a little more room up to go before further fall...

Japan is closed, everything else in Asia is up...