ES Journal Archive (2011)

[Laissez Faire]

The opening range is complete. The gap in NQ is also clearly filled, but YM is lacking a few points.

ORH 1306.
ORL 1301,50.
50% 1303,75.

 

[eudaemon]

Quote from kinggyppo:

good call on the drop are you saying the market has topped?

I believe so, for the time being it's a extremely high chance of an extended selloff. Ask Volente for the tactical entries!.

 

[Laissez Faire]

Maybe YM will want to fill that gap, but I`m betting that the bottom is in.

If not, I`ll take a small loss and re-enter.

Long @ 1303. Stop @ 1301. 1st target 1308,50 for a 1/2 gap fill. Will gauge momentum and possibly trail a stop.

1302 is also VWAP for the day.

 

[EON Kid]

Quote from eudaemon:

1240 is now a 99% given within 2 weeks. New year highs are a low % fantasy for the next few weeks at least. Tactics-tactics-tactics. Tomorrow is TDAY...

I'd take the 1% and go for new highs, just my 2c

 

[Laissez Faire]

Quote from Laissez Faire:

Maybe YM will want to fill that gap, but I`m betting that the bottom is in.

If not, I`ll take a small loss and re-enter.

Long @ 1303. Stop @ 1301. 1st target 1308,50 for a 1/2 gap fill. Will gauge momentum and possibly trail a stop.

1302 is also VWAP for the day.

Stop is trailed to B/E. Have to leave for a few minutes.

1300 and below is still a possibility, so I`m not interested in taking a larger loss than necessary.

 

[ammo]

nice work vol

 

[Laissez Faire]

Price is stalling here below the daily highs. Not too convincing.

Volume is also dropping.

 

[Laissez Faire]

Quote from Laissez Faire:

Maybe YM will want to fill that gap, but I`m betting that the bottom is in.

If not, I`ll take a small loss and re-enter.

Long @ 1303. Stop @ 1301. 1st target 1308,50 for a 1/2 gap fill. Will gauge momentum and possibly trail a stop.

1302 is also VWAP for the day.

Out @ 1304,50 on a tight trail stop.

Could not take out the daily highs. Hmmmm.

 

[eudaemon]

Quote from EON Kid:

I'd take the 1% and go for new highs, just my 2c

That's why I will never run into liquidity problems.

 

[Laissez Faire]

Up or down from here? Any takers?

We have formed a triangle on the 5-minute.

But 1302 seems to be acting as support still.

Initially, I had a bullish bias, but now I`m undecided.