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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Quote from Brendan R:
lots of stops taken out both on the Dax and the ES + lack of sellers as we broke previous highs significantly.
Trade set up for sellers not optimal at this point. that's why I'm on the sidelines now
Question for you... If futures retreat to say 877 or so would you buy? (I plan on going long there, 8:30 reports allowing. and yes we HAVE come a long way from 840 on this trip) If not, why not? All indications are to 900 on this leg with a final destination of 920/940 area. The volatility is not new. Are you questioning fundamentals or is it a risk issue for you, depending on your time-frame.
SLD 885.25 S/L 888.25
BUY 882.25
BUY 882.25
Quote from retire45:
Question for you... If futures retreat to say 877 or so would you buy? (I plan on going long there, 8:30 reports allowing. and yes we HAVE come a long way from 840 on this trip) If not, why not? All indications are to 900 on this leg with a final destination of 920/940 area. The volatility is not new. Are you questioning fundamentals or is it a risk issue for you, depending on your time-frame.
if you buy, you buy momentum, it means you buy now.
If it goes to 877, it means momentum is fading and chances we see 900 are smaller.
FYI, I will not be jumping on this bandwagon
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