ES Journal Archive (2011)

Laissez Faire · Mar 28, 2011

Short @ 1310,25. Stop @ 1311,25. Target 1308,50.

Laissez Faire · Mar 28, 2011

Quote from Laissez Faire:

Short @ 1310,25. Stop @ 1311,25. Target 1308,50.

Damn.

Took an exit @ 1309,75. The trade did not feel right. Too late for a short now.

Might buy the bottom.

DanS · Mar 28, 2011

If it makes you feel any better I tried taking the long side at 10.25 and got clipped at 9. Tough area.

Lawrence Chan · Mar 28, 2011

Quote from Lawrence Chan:

Ammo,

A pullback is due as MMs got to distribute their stuffed short inventories.

Back to 04-06 likely which is Pek's 9 period SMA on daily. =)

Laissez Faire · Mar 28, 2011

Quote from DanS:

If it makes you feel any better I tried taking the long side at 10.25 and got clipped at 9. Tough area.

I don`t know, I have to say that this is slightly painful to watch. The self-loathing is strong in me right now.

Although I could have reached my weekly profit target on that trade, I did at least see some black ink for the day.

New day and new opportunities tomorrow

bigsnack · Mar 28, 2011

What's up everyone.

It was certainly slow, but there were a couple of opportunities to eek out some $. I don't trade the afternoons so I missed the only real move of the day on the ES.

Pekelo · Mar 28, 2011

Quote from Lawrence Chan:

Back to 04-06 likely which is Pek's 9 period SMA on daily. =)

On Thursday my predicted 1310 SPX level acted twice as resistance before finally giving it up. On Friday we broke above it, but only by 8 pts. I was just about to post this afternoon, that looks like the meltdown won't happen, when we sold off in the last 30 mins and now we are back to the SMA 9 again, on the weekly....

Tomorrow should tell us which way it is going to go in the long run...

gkramer · Mar 28, 2011

Should see 97 before tomorrow's open.

ammo · Mar 28, 2011

Quote from Lawrence Chan:

Ammo,

A pullback is due as MMs got to distribute their stuffed short inventories.

Back to 04-06 likely which is Pek's 9 period SMA on daily. =)

NAILED IT

Now is Now · Mar 28, 2011

BGT 130300...target 130575

will ADD, if necessary

NiN