ES Journal Archive (2011)

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Quote from wiesman02:

Long @1357.75
stop @1356.25

no target, want to get in early and see if this gains strength
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last 1/2 out at 1360, +2.25


Need to run some errands and don't want to trail a stop, so I'm exiting a tad early
 
Quote from Picaso:

Monday new month

End of day drop to close about unchanged and then gap up on Monday?
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50 / 50 IMO. Greed in the past 2 weeks partially fueled by great earnings in SnP stocks, higher oil, lower dollar has caused quite the rally. I would suspect that instiutions have no need to sell right now.

On the other hand, it is the last day of the month on a Friday. Perhaps the big players will want to take profits and start afresh on Monday.

Who knows. Lets see where PA takes us. Judging by it, we'll slowly churn up all day.
 
58,50/75 is yesterday`s high, today`s opening range high and the current 50% retracement of today. It`s also the neckline of Volente`s IHS.

The up trend or wedge got broken, but price found support at this level.

I don`t have any clear upside targets at the moment and volume is incredibly thin, so I`m not getting into any trades unless I see a good set-up.

A short around 58 may be nice, pointing towards a test of the daily lows, PP tag or even the AH low.

Any opinions?

IHS with a target of 62 still in in play, Volente?

If we do get 62, a long entry around 59 is not too shabby.
 
Quote from Laissez Faire:

58,50/75 is yesterday`s high, today`s opening range high and the current 50% retracement of today. It`s also the neckline of Volente`s IHS.

The up trend or wedge got broken, but price found support at this level.

I don`t have any clear upside targets at the moment and volume is incredibly thin, so I`m not getting into any trades unless I see a good set-up.

A short around 58 may be nice, pointing towards a test of the daily lows, PP tag or even the AH low.

Any opinions?

IHS with a target of 62 still in in play, Volente?


yes as long as neck holds


light volume probably will probably be range bound 58-62 rest of session with upside bias




If we do get 62, a long entry around 59 is not too shabby.
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yes still in play as long as neck holds



light volume so probably chop 58-62 rest of session or slightly grind up.
 
1245-1250est 5 min candle might dictate which way we go for the duration of the day. Sitting on hands until 12:50est then maybe placing a trade


edit: Demdatboyz had enough bullishness for the day. Down we go :)

Short @1259.50
stop @ 1261.50

Holding until 4:00est if i can
 
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