ES Journal Archive (2011)

[pauk]

dipping here - could be a long opportunity?
edit: long:-1325

 

[wiesman02]

Quote from pauk:

dipping here - could be a long opportunity?
edit: long:-1325

Price action is getting all jumbled up. I'm going to steer clear of this pullback. Doesn't look right.

 

[Laissez Faire]

Uptrend on the 5-minute broken and going sideways. Looks like an intraday top to me.

Short @ 1326,50. Stop @ 1327,50. 1st target is 1323,50. 2nd target is 1320.

A gap fill today is a stretch, no?

 

[samus]

Early makings of a descending triangle... could be a sell off at close if 1325 doesn't hold. We'll see

 

[pauk]

Quote from Laissez Faire:


A gap fill today is a stretch, no?

lol, just a bit!

 

[Laissez Faire]

Quote from pauk:

lol, just a bit!

Maybe during globex, who knows.

One thing I`ve learned in my short period of trading is that the unlikely happens quite often.

Granted, I do not think a gap fill is likely myself as I`ve said, but it is a possibility

 

[ammo]

doubl top djt

 

[ammo]

we need a pop here

 

[ammo]

and a break below here,5280,or we will rally into close

 

[Laissez Faire]

Quote from Laissez Faire:

Short @ 1326,50. Stop @ 1327,50. 1st target is 1323,50. 2nd target is 1320.

Covered @ 1325,50. Left 3 ticks on the table, anticipating more downside potential. Not too shabby.

Still 30 minutes left.

Will be on the lookout for a new short, if 1325 does not hold. We are after all making lower highs in a descending triangle.

I`ll be damned. Is it not a head and shoulders pattern I`m seing as well? :eek: