ES Journal Archive (2011)

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amount of time price is spending near the low is telling me that it wants to go lower and complete the gap fill at 44.

Shorting 2 ES at 49, first target 47, 2nd target 44.25
 
Quote from gmst:

amount of time price is spending near the low is telling me that it wants to go lower and complete the gap fill at 44.

Shorting 2 ES at 49, first target 47, 2nd target 44.25
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Range for the day is 13 points till now, so I bet we will increase this range. Question is towards upside or downside. I have my inclination that we will extend the range towards downside. Gapfill upto 43.5 will extend the day's range to 16 points.

But then it is friday, it will be really sad if just keep trading within the bounds already established. I don't think this will happen though.

Seems I was a bit early in my 49 short. Could have waited for price to come and touch 20 EMA agains.
 
making higher lows, but I still don't count it as a bullish sign.... I think its a matter of time before we come down again. Maybe after touching 53



Edit: Seems euro is forming a bearish wedge, ready to resume its downward slide again. Should correlated with ES.
 
wow where did that come from in the middle of afternoon on a friday...stops hunt ?? will it have any followthrough ?? dont think so
 
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