ES Journal Archive (2009 - 2010)

Now is Now · May 4, 2009

Quote from Now is Now:

STPPd 898.00 BE

SELLing 901.00

CANCELLED

tommymoose · May 4, 2009

Attempting to trade the channel here... shorting ~902-903... target ~870. Will stop myself out if this level holds past 10AM tomorrow.

trackstar · May 4, 2009

Was about to add at 902.50 and pulled order last second. Obviously some news in financials....news coming out any second.

riskymove · May 4, 2009

At least at this rate we will make new all time highs by the end of May!!!

iloveoptions · May 4, 2009

Quote from iloveoptions:

Dumped half of my hedge here at 891.5

Current position: Short 814.25 + 10% hedge.

Out of half right here at 904.5

Current position: Short 814.25 + 5% hedge.

trackstar · May 4, 2009

Quote from trackstar:

Was about to add at 902.50 and pulled order last second. Obviously some news in financials....news coming out any second.

Just now realizing that I got squeezed like a newb. Should have left my add.

iloveoptions · May 4, 2009

Could tomorrow be another strong up day?
I'm sensing that it might be.

Ken More · May 4, 2009

Quote from Ken More:

Daily ES chart looks like a possible IHS.

Bottom of right shoulder will be around 800 and then up to 950.

I posted earlier that the shallow right shoulder was bullish(didn't make it down to 800 area) and IHS was intact. Thursday was the fakeout I suspected and today, BINGO... up she goes. Man this is so easy. What puzzles me is why so many are shorting?

Ken More · May 4, 2009

Quote from Ken More:

When I mentioned a possible IHS on the daily chart it looked like the right shoulder could retrace to 800... however, the fact that it didn't, and is much shallower is bullish, and leads me to suspect this pattern is correct.

Wouldn't surprise me to see a fake out through the neckline first.

This was the other post about IHS if curious. Sorry, I'm not much for posting... I'm mostly a lurker when bored. Actually fell asleep today while watching it go up all day (ADU).

tracer619 · May 4, 2009

http://www.elitetrader.com/vb/showthread.php?s=&postid=2359811#post2359811

http://www.elitetrader.com/vb/showthread.php?s=&postid=2359968#post2359968

these scenarios are playing out to a 'T'

I dont think there is a short out there who will sleep good tonight