You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
- Not open for further replies.
Got long the dollar @ 80.345. It's at the bottom of my range.
Quote from jorgez:
It is a bugger of a morning indeed.
I am short 47.5, ps 48.5 only because I smell a weakness in the accum bar lows.
Otherwise it has been a long morning
I should add that in these types of high risk counter trades, normally you get an initial burst of enthusiasm and so I drag my ps into profit just in case the initial burst does not continue to fill in.
nq drops es rises nq drops es rises ... ... normal pattern but seems a bit exaggerated today. sign of struggle to prop? Also logic (whatever that has to do with markets) says save the punch above 48 through 50 for another day. But what do I know, I'm the flat noob hit by the train. VWAP touched now also @ 44ish, at least mine with IB data.
What do we know about this counter trend leg.
Well it has had two thoughtful moments at 47.00 and 45.50 and on both occasions the longs allowed the shorts to proceed.
I say this because we are still firmly within an up trend and so the longs determine the outcome of each move, both long and short.
Now we are heading for the RTH open!! could prove to be fun.
Anyway, this high risk counter trend trade is in profit and that is all that matters....
Well it has had two thoughtful moments at 47.00 and 45.50 and on both occasions the longs allowed the shorts to proceed.
I say this because we are still firmly within an up trend and so the longs determine the outcome of each move, both long and short.
Now we are heading for the RTH open!! could prove to be fun.
Anyway, this high risk counter trend trade is in profit and that is all that matters....
long 43. target 45.50
sl 41.0
sl 41.0
- Status
- Not open for further replies.