ES Journal Archive (2011)

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Quote from Laissez Faire:

Damn. I should have entered earlier and I did wait for retraces that never came.

But I entered late now. Market looks strong.

Long @ 1327,50. Stop 1326. Target 1330.

We`ll see if I bought the top sooner than later ;)
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Seems risky

IHS projection is 28 - 30


r10 29-30



What was wrong with the retrace to 21 ?
 
Quote from paul_alan:

long 1301.5
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Quote from paul_alan:

covering here at 1319.5 for +18 :)

Order in to buy again at 1310 which I will close at 1335
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Quote from paul_alan:

Filled long again at 1310 as per plan.
Waiting for my 1335 now.
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close enough.
Covering the 1310 here at 1328 for another +18

The next long might be a secret ;)
What on earth have you all been doing going short!!?
 
Quote from pauk:

Now that was good. 18 point long trade covered near the high, and then calling the low which required a 10 point drop 2 days in advance!
So now you're looking for 1335 and currently 12 points in the green?
Dont know how people can predict such moves in advance.
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thanks.
Obviously we'll hit 1335 soon, but I often go flat for the weekend and i've got things to do, so ive covered.

If you want to trade the ES, forget ever going short.
Save shorting for other instruments where you are not fighting against the very people who control the markets who want UP!
Have a good one ;)
 
Quote from volente_00:

Seems risky

IHS projection is 28 - 30


r10 29-30



What was wrong with the retrace to 21 ?
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Probably.

I covered @ 1328.

The top might be in for the day.

Nice call again.

What now? :)

EDIT: The retrace @ 21 was very welcome, but unfortunately I was not present at the time.
 
The SP 500 on a weekly basis has not been this overbought since 2004, which after it's extreme overbought state in went into a sideways pattern for well over a year. I highly doubt congress will allow the central banks to continue driving this nation into debt in order to artificially prop up stocks.

I feel the central bank will now use the market to hold congress and that nation hostage.
 
Quote from Rickshaw Man:

The SP 500 on a weekly basis has not been this overbought since 2004, which after it's extreme overbought state in went into a sideways pattern for well over a year. I highly doubt congress will allow the central banks to continue driving this nation into debt in order to artificially prop up stocks.

I feel the central bank will now use the market to hold congress and that nation hostage.
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Chart
 

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