ES Journal Archive (2009 - 2010)

[saliva]

Quote from saliva:

Long 897.75

SL 896

Stopped out. I guess the reversal ain't coming after all.

 

[lurefo]

Quote from trackstar:

Nice heavy volume today as well. With no upward price movement at all. Very good price action for an afternoon continuation.

Yup, this is setting up for a trend day. If the setup is correct, I'll increase the size for shorts this afternoon, I like the configuration on higher timeframes.

 

[lurefo]

Quote from saliva:

I see a billboard sign that reads: Beware, PPT now screwing near you.

Not before fomc.

First, let them build their short positions, then squeeze them to death.

 

[saliva]

Quote from lurefo:

Yup, this is setting up for a trend day. If the setup is correct, I'll increase the size for shorts this afternoon, I like the configuration on higher timeframes.

This is indeed a very controlled selling and not an outright panic. Hence, caution should not be thrown in the wind just yet.

 

[saliva]

Trying another small long 896.75

SL below 895

 

[drsteph]

+1 @ 897.75

 

[Pekelo]

The Naz is kind of repeating the SPX's action a week before on a lower level. On Friday there was the fake breakout of the channel upward, and this morning it went through the whole channel breaking to the downside:

 

[saliva]

Quote from lurefo:

Not before fomc.

First, let them build their short positions, then squeeze them to death.

Does FOMC matter anymore? I, on the other hand, expect the market to swoon following the FOMC decision.

 

[lurefo]

small long 86.5 stop under lod

 

[Decel]

Quote from Pekelo:

The Naz is kind of repeating the SPX's action a week before on a lower level. On Friday there was the fake breakout of the channel upward, and this morning it went through the whole channel breaking to the downside:

So are you implying that this is fake?

Frankly, I think so too, simply because the ES doesn't seem strong at these lows, but it is building a nice step however...