ES Journal Archive (2011)

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Selling SP today again at tactical spots (sorry), with the view of adding to it on the way down, with a large move down in the general market in perspective, based on the weak behaviour of GS.
 

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Almost shorted the 1314 area, but pulled it when I didn't get the fill I wanted. Thank god. I would have started off the day negative. I'm still up in the air at what today will bring, although once again, the sentiment is bullish.
 
I missed the boat since I did not want to trade during the news release.

I do think we`ll test yesterday`s highs since we`re so close, but I think I`ll wait a little more before making any trades.

15-minute ETH is clearly making lower highs in a down trend channel.

The 30-minute shows a clear trading range for the week with 1317 looking like the POC. Any MP guys who can confirm?

60-minute looks range bound at the tops.

Currently pulling back it seems. Might go short if we dip below 1317 now.
 
Quote from Laissez Faire:

I missed the boat since I did not want to trade during the news release.

I do think we`ll test yesterday`s highs since we`re so close, but I think I`ll wait a little more before making any trades.

15-minute ETH is clearly making lower highs in a down trend channel.

The 30-minute shows a clear trading range for the week with 1317 looking like the POC. Any MP guys who can confirm?

60-minute looks range bound at the tops.

Currently pulling back it seems. Might go short if we dip below 1317 now.
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Michigan news release is/was/will always be a non-event
 
Quote from wiesman02:

Michigan news release is/was/will always be a non-event
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Noted. I suspected such, but wanted to play it safe especially since I got seated late :)

Bulls and bears are currently in a brutal fight at the corner of 1317. Will join the winner :)
 
Quote from Laissez Faire:

Long @ 1319,25. Stop @ 1318,25. Target 1320,25.
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Filled. +1 points.

I planned to start trailing my sell limit higher, but it happened too fast.

I tried to get fill on a retrace all the way from 1318, but remembering that the market is "never too high", I entered long late at least for a scalp.

Bulls look strong today, so we`ll probably test 1322 and even higher for the day.

NOW: Dinner :D
 
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