ES Journal Archive (2011)

Laissez Faire · May 4, 2011

Long @ 1342. Stop @ 1340,50. Target 1345 or higher.

I hope El Matador is finished for the day

If not, I`ll probably flip for a short at some point.

tortoise · May 4, 2011

Quote from Laissez Faire:

Three pushes down?

Down trend looks broken, although it`s too early to tell if it`s an infamous fake ES breakout.

Long @ 41 was tempting, but I think I`ll sacrifice a point to get better confirmation.

NQ has some air below it might like to fill.

Maybe not today though.

yeah but so does the es ...

i would think we'd see it drop into at least the top gap before friday ... but i don't work for goldman, so it's not up to me.

Trvlwanderer · May 4, 2011

Hola emg!

kinggyppo · May 4, 2011

has the market topped what say you?

tortoise · May 4, 2011

Quote from kinggyppo:

has the market topped what say you?

you mean, for all time? i don't really think so.

Laissez Faire · May 4, 2011

For a moment it did not look like the bears were gonna give us even a 50% retrace

Locked in 0,25 points just in case. Better to re-enter at a better price if stopped out.

Still betting on at least 45.

Laissez Faire · May 4, 2011

NQ reached it`s 50% first. Both stalling now.

Profit taking zone for a nimble trader.

Hmmmm

Laissez Faire · May 4, 2011

Quote from Laissez Faire:

Long @ 1342. Stop @ 1340,50. Target 1345 or higher.

I hope El Matador is finished for the day

If not, I`ll probably flip for a short at some point.

Out on a too tight trail @ 1342,25. +0,25.

Barely enough to buy myself a mojito

Laissez Faire · May 4, 2011

The flipside of playing too defensively is that it costs a lot of money

Back in long @ 1343,50. Target is still 45-46. Stop @ 1342.

Picaso · May 4, 2011

Quote from Laissez Faire:

Out on a too tight trail @ 1342,25. +0,25.

Barely enough to buy myself a mojito

You can get a Cuba-libre in the Philippines for 1 euro

Or a quarter liter bottle of rhum for about 50 cents