ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Quote from Buy1Sell2:
Short term top in.
Short here at 1098.25 with 20
Initial stop 1118.25
Whats the rush?
Why not wait for a close below 1096 in the SPX?
This is a swing trade no? Why go short into a rising 5,10,20 day moving average?
This is where many will be buying. Don't let a gap fill get you too excited. A gap fill is actually bullish.
Not sure why I am posting advice today. I guess I feel morally obligated to!!
I've been waiting for 1121 for weeks. And isn't the saying to sell the news? I saw weakness in RSI at 1119 and a low risk opportunity to sell ES (1118.5 w/ 4pt stop).
Unfortunately I sold 1/2 at 1106 because I was too slow to adjust my target to gap fill. I'm thinking yesterday's swing low around 1105 becomes resistance, and ES retests 1096 or continues down.
Keeping stop at 1107.5 and trying not to set a target but I will close it today.
Waiting for 92 to print.
The long from the open was very difficult money, hence the snake pattern. The entry was 13.50, and an add at 15 at the balance area. But the deep pullbacks with little momo was exactly why I was looking short even with strong vol going up, plus the fact that we were only up 5-6 from the open and looking very weak??? That was the bears inviting us to the party. The weak action at 17 after the HOD was my confirmation to get in. Added at 12.75 and 9.75 and 5.50. Closed out at 98 when it got weak after the HUGE volume exhaustion confirmation at the bottom.
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