ES Journal Archive (2009 - 2010)

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Quote from stella:

Thought to myself: placing sell stops below 36, good idea or not?

Comments anyone? Thanks.
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I see what you're looking at.

I think:
a) there's a lot of congestion in that area in this "staggered uptrend"
b) the market is forming a bottom in preparation for another run-up

For daytrade purposes (and so long as it is within the risk:reward parameters of your trade) it looks good.
 
Quote from MandelbrotSet:

I see what you're looking at.

I think:
a) there's a lot of congestion in that area in this "staggered uptrend"
b) the market is forming a bottom in preparation for another run-up

For daytrade purposes (and so long as it is within the risk:reward parameters of your trade) it looks good.
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yes, bounced off that level quite nicely... not so sure if mkt is forming a bottom yet, we shall see.
 
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