ES Journal Archive (2011)

NoDoji · Mar 23, 2011

Quote from NoDoji:

I define a swing trade as one or more overnight holds to capture profit from an individual price swing (in this case tests of, and breaks of, previous daily lows 1274.75, 1261.50 and 1241.75).

If I took a short at these levels, my initial 1301.00 stop would now be lowered to 1297.00 (just above the fbo price from the overnight session).

For any hairbrained swingers who traded off my hairbrained analysis the other day: The first test is nearly "in play"

Laissez Faire · Mar 23, 2011

Nobody home today?

1285 is acting as resistance at the moment.

I would be looking for a long if we close above 1285, anticipating a gap fill around 1288. 1289 is R10 from the daily lows.

If 1285 hold as resistance and price turns here, we might be seeing a range day and revisit the daily lows.

Trvlwanderer · Mar 23, 2011

Quote from Laissez Faire:

Nobody home today?

1285 is acting as resistance at the moment.

I would be looking for a long if we close above 1285, anticipating a gap fill around 1288. 1289 is R10 from the daily lows.

If 1285 hold as resistance and price turns here, we might be seeing a range day and revisit the daily lows.

short at 85. looking for re test. 3 point stop

EON Kid · Mar 23, 2011

Quote from Laissez Faire:

Nobody home today?

1285 is acting as resistance at the moment.

I would be looking for a long if we close above 1285, anticipating a gap fill around 1288. 1289 is R10 from the daily lows.

I'd agree, also NQ is more bullish trading above its morning high

Trvlwanderer · Mar 23, 2011

out 83.75. too much consolidation. May watch the anticipated break, but would rather be on the sidelines for right now.

Laissez Faire · Mar 23, 2011

Quote from EON Kid:

I'd agree, also NQ is more bullish trading above its morning high

Yes. Overnight gap glosed in NQ and still looking strong.

Laissez Faire · Mar 23, 2011

Well done, Wanderer

Long @ 1285,50. Target 1288. Stop @ 1284.

Laissez Faire · Mar 23, 2011

Quote from Laissez Faire:

Well done, Wanderer

Long @ 1285,50. Target 1288. Stop @ 1284.

That was fast.

Out @ 1288.

Trvlwanderer · Mar 23, 2011

Quote from Laissez Faire:

That was fast.

Out @ 1288.

Nice catch.

I hesitated.

Setting up a long vic 86-87 if I get it. Looking to see a hit of 91

Laissez Faire · Mar 23, 2011

Quote from Trvlwanderer:

Nice catch.

I hesitated.

Setting up a long vic 86-87 if I get it. Looking to see a hit of 91

Why 91?

I`m aware that 91 is 50% of yesterday`s range.

90 is yesterday`s pivot.