ES Journal Archive (2009 - 2010)

[jkweeden]

great shorting opportunity approaching around 2-3pm today

 

[Pholeuon]

Indicator setups do not favorite downside for now. I know, it can change quickly, but simple I am very careful (although I want make short like everybody) because we are not strongly overbought intraday.

 

[jkweeden]

end of price square from the high on the 26th of april...is due between 2-3 today...me thinks a strong reversal will begin after that point....

 

[tomahawk]

Quote from austinp:

well, I'm making the conscious decision to forego small-swing profit trades ES in exchange for the statistical potential of gap fill below, sooner than later. Two gaps there are a pretty powerful magnet... might take until tomorrow to fill, if it does. That's my management decision, shooting for a solid swing trade: aka big birds in bush risking the small birds in hand today.

Gotcha.


New control line 68.00.

 

[Decel]

Currently the only gaps are below, right?

 

[jkweeden]

no there is a gap above @1200 cash

 

[BA_Trader]

Quote from austinp:

well, I'm making the conscious decision to forego small-swing profit trades ES in exchange for the statistical potential of gap fill below, sooner than later.

Judging by the (relatively speaking) light volume today I don't think you are alone in this play.

 

[volente_00]

No one finds it odd that almost everyone who shorted from the 6 th to right now are all underwater if still holding ?

 

[Eko_Trader]

Quote from volente_00:

No one finds it odd that almost everyone who shorted from the 6 th to right now are all underwater if still holding ?

What do you make of this "fetal-positioning" situation?

 

[ammo]

Quote from volente_00:

No one finds it odd that almost everyone who shorted from the 6 th to right now are all underwater if still holding ?

http://twitter.com/mrtopstep scroll down to the may 7 11;20 comment, courtesy of kinggyppo