ES Journal Archive (2009 - 2010)

[[Proximo]]

I would not touch longs today.

edit: Maybe around 980-982. Liking my DUG here as well. Target 18.00 (DUG).

Quote from Decel:

Geh, massive losses going long NQ and averaging.

Need to reacess, but currently thinking of going long ES. Where is S3?

 

[Decel]

L 991, stop on uncle...

 

[MandelbrotSet]

This is the first day that we're getting a serious downtrend in s&p500 and its derivatives (according to my calcs).

Don't like to trade during the afternoon chop, but I'll put on a:

Short @ 991.00
Stop @ 995.00

Good Trading

 

[[Proximo]]

Why? :]

You have lunch on your side. Trend (intraday) though is not on your side. Hopefully its just a mini flush here for you.

Quote from Decel:

L 991, stop on uncle...

 

[Lawrence Chan]

Quote from Decel:

Geh, massive losses going long NQ and averaging.

Need to reacess, but currently thinking of going long ES. Where is S3?

Many ways to calc S3.

My one at 991.75

 

[[Proximo]]

50/50 here @ 91 if it holds 94 if not 88.

 

[Lawrence Chan]

Quote from [Proximo]:

50/50 here @ 91 if it holds 94 if not 88.

Trend sell day range expansion not completed yet ... 13.5 pts

2 more to go.

 

[[Proximo]]

I'm short but I've been taking some off across the board around these levels.

If this turns into a trend sell day, we should get continued downside pressure overnight into tomorrow morning, as ASIA --> EUROPE will also be down most likely.

 

[[Proximo]]

Can you briefly comment on how you get the 13.5 value.

Thanks.

Quote from Lawrence Chan:

Trend sell day range expansion not completed yet ... 13.5 pts

2 more to go.

 

[Lawrence Chan]

Quote from [Proximo]:

I'm short but I've been taking some off across the board around these levels.

Many of us doing the same thing here, that's why it paused