ES Journal Archive (2009 - 2010)

MandelbrotSet · Jul 20, 2009

Quote from MandelbrotSet:

Long @ 940
Stop @ 936

Trade taken off at +2pts.

Maybe it does make it back up there [to 946], but this is the easy trade, and I'm about to do a little breaking out myself, so I'm done.

+4pts on the day.

Good trading

Pekelo · Jul 20, 2009

What do we call this 10 am top, selling into 11 am then rally thingy?

Edit: Oh yeah, I remember now, the same name as him:

ASusilovic · Jul 20, 2009

Alarm signs are ringing. GS is too bullish before the end of the earnings season. ThatÂ´s more then suspicious. Entering 960 calls, 920 puts.

MandelbrotSet · Jul 20, 2009

Quote from ASusilovic:

Alarm signs are ringing. GS is too bullish before the end of the earnings season. ThatÂ´s more then suspicious. Entering 960 calls, 920 puts.

I don't know about alarm signs but it isn't/wasn't looking like a strong bullish day to me.

I anticipate profit taking into the close, and don't expect this breakout to new highs to hold today ... we'll see.

Good trading

David M · Jul 20, 2009

short @943 sl 944.50

David M · Jul 20, 2009

Quote from David M:

short @943 sl 944.50

out half 941.50 ... moving other half stop 943.25

EDIT , enabled trailing stops .... no need to make a small winning trade to a losing one.

Pekelo · Jul 20, 2009

The ADU's midday top came 15 mins late, but the midday bottom was in the expected timeframe.

We also have a dragon failure at 944 SPX and since the Height is almost 8 points, the 3rd top is expected around 951-52...

MandelbrotSet · Jul 20, 2009

Quote from Pekelo:

The ADU's midday top came 15 mins late, but the midday bottom was in the expected timeframe.

We also have a dragon failure at 944 SPX and since the Height is almost 8 points, the 3rd top is expected around 951-52...

You make some impressive calls, Pekelo, and I will continue to be impressed if this one bears out, but I honestly don't think so.

I think it hits resistance and reverses hard to close in the red. Then moves down to fill the two gap-ups below (gap up today, and gap up last wed.) over the coming week.

But hey, good trading.

Pekelo · Jul 20, 2009

Quote from Pekelo:

the 3rd top is expected around 951-52...

Here we go, around 950+. I didn't mention the giant ascending triangle, because that was just too obvious...

Here is the dragon for the visual types:

newbie463 · Jul 20, 2009

Quote from Pekelo:

Here we go, around 950+. I didn't mention the giant ascending triangle, because that was just too obvious...

excellent.