ES Journal Archive (2009 - 2010)

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Quote from ASusilovic:

Be prepared for some "profit taking".
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I've been getting antsy since the Sunday open. Maybe it's just me but it sure hell looks extended. It's also unfortunate that we've reversed before touching 780. That's where my channel line is at.

But then I prefer outright "short" over "profit taking". One's a bear, the other a bull. :D
 
Quote from saliva:

I've been getting antsy since the Sunday open. Maybe it's just me but it sure hell looks extended. It's also unfortunate that we've reversed before touching 780. That's where my channel line is at.

But then I prefer outright "short" over "profit taking". One's a bear, the other a bull. :D
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Same here. Waiting for 778-780. Saw 771-772 a possible DT. Put a sell limit at 770.5. The order got no fill and the market dropped. Quite pissed off.
 
Quote from swing-scalper:

Same here. Waiting for 778-780. Saw 771-772 a possible DT. Put a sell limit at 770.5. The order got no fill and the market dropped. Quite pissed off.
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Although I don't recommend using the "market" order, there are times when it's necessary. If you know for sure the reversal is at hand and you feel you missed it by a tick or two, it's best to jump in rather than wait for it to come back because it usually doesn't.
 
It appears that due to contract rollover, the ES number on continuation chart is a little distorted. Previous resistance at 778-780 for March contract should be around 774 for June contract now.

This rollover thing makes things a little mess, resulting in an increase of the margin of error for accurately determining R/S level.

Others on the same boat?
 
Sorry, I'm currently sticking with the March contract. However, there's roughly about 3.25 points between the two expiry.

It's been my own experience that you want to stick with the current expiry for S/R and whatnot. Hence my reason for the above.
 
On the 5-minute, a full-blown H&S is rearing its ugly head, although the right shoulder looks somewhat lopsided.

......


That neckline sure damn looks beautiful as it's about to get sliced.
 
Quote from iloveoptions:

Adding a double size short position at 774.5. My BE now on the futures positions after closing the two other double size shorts last week is at 760.83. However, with my hedge, my BE is actually at 800.83 (March).
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Out of the last double short add at 763.5. Still holding a short from 699.25.
 
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