ES Journal Archive (2009 - 2010)

[volente_00]

Quote from BA_Trader:

Vol - I assume 1085 to close Tuesday's gap?

There was an H&S that projected to there but DEMTDAYBOYZ voided it once they brought it back to 1114.


Wathing for a reversal from 1116 - 1120 with first gap below at around 1111.


Lot of magnets below us.

 

[Eko_Trader]

Here's some junk food for thought. Its in the chart below. As you may already know, I'm a sucker for technicals since the markets haven't traded on fundamentals since the time of Roosevelt.

 

[newbie463]

long 13
stop 11.25
target 17

 

[Eko_Trader]

Here's a reduced version of the same chart above, but it shows a rising wedge. It would be rather hard to trade the above chart given how wide it is. However, this one has better chance of telling whether it will breakout to the 1140 area of break down. There's also a chance that she stalls at the upper end of the range and just slowly grind up in a frustrating manner.

Here's my trade, if we get a viscous run up to the 1130 area, I'll be a seller with a 10 point stop. I would prefer if that happened early today as oppose to the end of day run-up that leaves no room for retracement during RTH.

I'll still take a quick short around 1123-1125 tho, but that won't be a long term stuff.

EDIT: Quick note, I am not bearish nor bullish. I don"t know what to think about this crazy market, I'm just playing the lines. I will also note that the weekly chart looks bullish, hence the tight stop and close scrutiny on each trade.

 

[newbie463]

Quote from newbie463:

long 13
stop 11.25
target 17

out 13.5

 

[ammo]

spx

 

[ammo]

eur usd weekly

 

[ammo]

eur reduced

 

[Eko_Trader]

Quote from ammo:

eur reduced

I think there's a high probability that it trades into that tiny range and above it to shake out a few. Just my 0.02c

 

[newbie463]

ok

buy stop 11

sell stop 08

lets see which way it wants to go.