ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
I initially had a bullish bias for the end of the day, considering early bull strength, all sector ETFs in the green and net positive buying (NYSE TICK).
When the market broke through 1237, I planned to wait, but it seemed like momentum picked up and I entered short @ 1236,25, stop @ 1237,50.
Support @ 1236 seems to be decent and I lost conviction after chopping around just after entry, but since I`m in the trade, I will hold it just in case. I see a sell-off just as likely as a rally.
The hourly shows lower highs.
As of writing this, it seems like 1236 might break. Fingers crossed
EDIT: Guess not. Stopped out. 1237 might be a nice long, but I`m not convinced.
When the market broke through 1237, I planned to wait, but it seemed like momentum picked up and I entered short @ 1236,25, stop @ 1237,50.
Support @ 1236 seems to be decent and I lost conviction after chopping around just after entry, but since I`m in the trade, I will hold it just in case. I see a sell-off just as likely as a rally.
The hourly shows lower highs.
As of writing this, it seems like 1236 might break. Fingers crossed
EDIT: Guess not. Stopped out. 1237 might be a nice long, but I`m not convinced.
Re-entered. Short @ 1236. Stop @ 1237,50. Anticipating a sell-off towards the 1230 area.
Chop chop. Or too tight stops today.
I think my limit for posting faulty calls is reached for today, but it seems like we will close around 1237 for the day.
Todays session in two observations :
1) you need 15.000 contracts / minute buy / sell power to influence market diection
2) shorts are behaving as usually like rookies - no sense for market decesive market price action in important time frames
1) you need 15.000 contracts / minute buy / sell power to influence market diection
2) shorts are behaving as usually like rookies - no sense for market decesive market price action in important time frames
- Status