ES Journal Archive (2011)

[volente_00]

Quote from Laissez Faire:

Deceptive price action. I do not like it.

Broke out of the opening range high, but no real follow through yet. The lack of momentum is discouraging and makes it hard to enter anything from here, IMO. The risk is too high for me.

Perhaps a pullback to 43 could be a second entry. If not, will most likely have to wait for the gap fill above to complete and see what happens there.

Anyone?

r10 above previous 35


cash r10


stop run above previous globex high



10:30 reversal



multi month resistance



multiple gaps below






What ya gonna do cowboy ?

 

[Laissez Faire]

Quote from JoshDance:

Does not look any more deceptive than usual to me. Move up, retrace on low volume, rinse and repeat.

In that case, I hope you made money.

I only took off 1 tick each on two trades this morning. Both were worth more, but I played incredibly defensive as I simply were not confident in what would materialize.

I will risk those 2 ticks when something sets up that I really believe in.

At this point in time, a potental short is setting up. Breaking below 43 should confirm the first part. Breaking below 40,5, even better.

There is after all 3 gaps below, and if there is no interest in filling the one above as it looks like as of now, then down it is.

Until then, coffee and trolling on ET

 

[volente_00]

Quote from Buy1Sell2:

Trade disregarded for journal integrity purposes

You going to scale out of that long this time ?

Or let that hard head give back the profits again ?

 

[Laissez Faire]

Quote from volente_00:

What ya gonna do cowboy ?

Got it.

Looks like we posted at the same time. Looking at a short myself.

 

[PushPull]

Quote from Buy1Sell2:

Trade disregarded for journal integrity purposes

 

[JoshDance]

Quote from volente_00:

You going to scale out of that long this time ?

Or let that hard head give back the profits again ?

I'd rather be in profits to begin with and give them back, than never have a profit to begin with. Just my $0.02.

 

[gmst]

price has just stalled....feels like already afternoon!!!

 

[ammo]

Quote from ammo:

avg 34 +,35 bid for reduce

add 43.5 Add 46 avg 39 5/8

 

[Pekelo]

Quote from JoshDance:

I'd rather be in profits to begin with and give them back, than never have a profit to begin with.

...and at the end, you won't have any money either way, so what's the difference?

You do realize that the dude gave back like 300 pts in the last 3 months? Just a week ago he gave back 90% of his unrealized gains...

 

[Laissez Faire]

It did look like price were about to roll over, but the fact remains that 43 held for now.

It could be a good short, but from my methodology, it is only guessing at this point.

More coffee