ES Journal Archive (2011)

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Quote from fseitun:

Question: does the quote "rallying into the job report" incorporate the whole Friday trading session? Or just the news announcement spike and a selloff following that?

The previous January 7 report spiked down...and then retraced its move all the way up to the highs...and then sold off hard during the regular session...

Reason I am asking this is I've been decently well positioned since yesterday at 1298.50 and I would love to hold for a bigger move...but with the type of volatility we may be seeing today all my profits could quickly be wiped off...so not sure what to do...I'll probably close my trade and forget it...didn't like how it spiked during the announcement...

Edit: just closed it at 1305...don't like how NQ responded to the announcement...
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For the week of and after
 
Quote from Pekelo:

Yesterday.... It was supposed to drop back into the range by the close. Should have dropped 3 more pts to make it perfect....
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This is how yesterday was supposed to end, I included today's first 4 bars:

25ku05u.png
 
I know it's me again, but we are right at the Failure point on the 5 days/15 min chart and if we do bounce from here the 3rd top target is 1298+13 for the ES... Probably on Monday....

As long as we don't go below 298, the pattern is in play...

Showing it here on the cash:

4g5dg4.png


Cash 3rd top would be: 1315
 
I want to short, but my system isn't giving me a signal. We are just over the 200ema on the 15 min chart. Still seeing some bulls buying this area, but having trouble pushing it up. With any luck we get a good failure soon :)
 
just an observation,pure b.s.,but if they are distributing up here and have to be done by the close,as the day gets shorter,there could be a race for the door...technically,i'm not seeing anything other than spx topping at tl, slight advantage on the dvol,and oil traders dumping
 
Quote from Laissez Faire:

I`m joining you, ammo, but with a lesser target :)

Short @ 1302. Stop @ 1304. Target 1299.
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the larger tl just posted has that spx tl at 1296-97,deduct 3 points and that is your first es supp
 
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