ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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LOOKOUTSHORTIESFORDAOBAMA
Quote from david666:
yeah, I was short 48.25
first target hit 36
second hit 31.5
letting last one run
little bit more than just trendline but its all there
David666,
Since you shorted 848.25, the high tick of RTH. I'm assuming you were anticipate the trade and place the limit order beforehand.
My question is:
Since 848.25 is so close to GLOBEX high 849, why didn't you think that it might pierce GLOBEX high and reverse since this kind of piercing and reverse is more common?
actually, I had an entire short area of 48.00-50
reason i did not use the globex high:
After it came back in from 49, where was the resistance? (talking strictly AH)
Looked to me that it was a fakeout AH.
Couple of other things were used in this trade, but overall 48.25 was entry because that was AH resistance not 49
Wave, 30 is breached, what's next?
looks like they want to hold 25.50, out all but 1 at 26.25, will look to add higher for later selloff.
Quote from Lawrence Chan:
Below 28 down to 20 has multiple support levels.
That turns into an attractor for the price to go back there for a test, as we failed to take out previous month 50%.
But it is very tricky today as it is last day of the month, do expect miracle rallies into the close that keep this week an up week, since it is probably too hard to make it an up month
below 28, will 20 hold?
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