ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from Laissez Faire:
Ended up chasing a little on this one, but I don`t think 1327 will hold this time
Short @ 1327,50. Stop @ 1329. 1st target is still 1325.
Out @ 1325.
A counter-trend long from 1325, might be good, but I`ll be looking for more selling.
I`ll let the market retrace some now and then I might entertain a new short if we dip below 1325. Target then will be 1320.
I`ll let the market retrace some now and then I might entertain a new short if we dip below 1325. Target then will be 1320.
A bystander agrees. LF's entry and target estimates have been impressive lately. Look at his first short trade entry this morning at 1029 at 10:45, at that point a LH was in, and he got his entry off a double top; even though price was range bound afterwards for a while, but that range bound was overall tilting downwards, so I sort of agreed with his call that market looked in a down trend. Perhaps it is even more impressive that he pretty much held his position even when price was temporarily going against him, which is not always easy to do. A good call is a good call.
1327 - 20-EMA kiss and reverse? 
I am seriously contemplating a short here @1326,50, but I`m holding myself in check for the time being.
Anyways, if 1325 should not hold on a new test of that level, 1323 is the first level I would be looking at, but we will most likely touch 1320, IMO.
1320 was support several times last week.
1320,75 is also last week`s pivot point
I am seriously contemplating a short here @1326,50, but I`m holding myself in check for the time being.
Anyways, if 1325 should not hold on a new test of that level, 1323 is the first level I would be looking at, but we will most likely touch 1320, IMO.
1320 was support several times last week.
1320,75 is also last week`s pivot point
Let`s try this.
Short @ 1327. Stop @ 1328,50.
In the event that the rangebound down trend is still in effect, it`s a good entry.
But if we go much higher than 1328, I`m starting to doubt that we`ll head lower today, so it`s a good place to bail.
Short @ 1327. Stop @ 1328,50.
In the event that the rangebound down trend is still in effect, it`s a good entry.
But if we go much higher than 1328, I`m starting to doubt that we`ll head lower today, so it`s a good place to bail.
Testing 1325 now, I think. I may take profits there.
Risk is reduced to 1327,50.
Risk is reduced to 1327,50.
NQ and YM is also heading lower. TICK is trending lower as well.
Damn. Those retraces are tough to sit through.
I mean. Are we currently retracing or have we formed a double bottom @ 1325,50?
I did consider getting out when price first stalled @ 1325,50, but another voice, perhaps NoDoji, whispered in my ear: "Wait for your target"
I mean. Are we currently retracing or have we formed a double bottom @ 1325,50?
I did consider getting out when price first stalled @ 1325,50, but another voice, perhaps NoDoji, whispered in my ear: "Wait for your target"
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