ES Journal Archive (2011)

JSHINV · Jul 29, 2011

Quote from Lojanica:

Pretty sure we hold the 200 day MA given the confluence of events. Debt ceiling raised, 200d MA, 20 d NH oversold.

My issue are these V bottoms. Hate em.

Back green anyways but a hard way to make $450. Starbucks coffee slinging is better on some days.

It just bounced off the daily 200 SMA today just like it did in June for a number of days. It will be interesting if the 200 SMA holds.

eudaemon · Jul 29, 2011

Quote from jackson222:

do we climb up from here for at least another hour? what do you think>

Do you think posts by cheese are worth reading?.

jackson222 · Jul 29, 2011

Quote from eudaemon:

Do you think posts by cheese are worth reading?.

i don't understand this

don't see your trades here, just criticism

Lojanica · Jul 29, 2011

Quote from jackson222:

do we climb up from here for at least another hour? what do you think>

Me?

No clue. Just watching the volume at the 200d ma clearly has elephant tracks. Who wants to hold over the weekend though. Most will have a chance Sunday night or monday to renter if they're nit in now. Point is the trend changed today at 8:45 am. Now we are ranging for the day. A good long will be a retest at or above todays low.

klinckphilip · Jul 29, 2011

Quote from jackson222:

do we climb up from here for at least another hour? what do you think>

This is what I see.

Not enough strength to get to the pivot because of a bounce off of the 50sma hourly down to the S2. Now resting on the 20sma 50sma 15min, and 10sma hourly waiting for the 100sma 15min to catch up for a move lower. However; there has been a significant move down so far so we could just see it go sideways into the weekend.

Either way I would not go long or short at this point. If you are in short, good for you. If you are long then tighten up the stops. If you are out, have a great weekend or wait a couple hours and maybe there will be 1 last entry point before the close.

Now is Now · Jul 29, 2011

Quote from jackson222:

do we climb up from here for at least another hour? what do you think>

See ..there is your problem...you state you have a long position...

And in the same breathe you are questioning price action...

Trade what you see not what you think or anybody else thinks...period.

NiN

jackson222 · Jul 29, 2011

Quote from Now is Now:

See ..there is your problem...you state you have a long position...

And in the same breathe you are questioning price action...

Trade what you see not what you think or anybody else thinks...period.

NiN

obviously i do and have trade what i think regardless, just looking to open a dialogue with other trader

eudaemon · Jul 29, 2011

Quote from jackson222:

i don't understand this

don't see your trades here, just criticism

I only posted one trade here today, one that I didn't take. It was fading your position and targetting your stop, which happened, and you denied it in realtime for all to see.

If I were you I would be getting another user name. This one is used up.

aquarian1 · Jul 29, 2011

Quote from atticus:

At least we know what happened to Blotto and his 100 lots. Ignore the fool.

Thanks atticus.

Good advice!

Laissez Faire · Jul 29, 2011

Quote from Lojanica:

Who wants to hold over the weekend though.

Yeah, let`s remember this week`s open

Quote from eudaemon:

Do you think posts by cheese are worth reading?.

Quote from volente_00:

If cash does not hold 1276 on close then we will print 1150 this year.

When you say cash, are you referring to SPX?

Thanks