ES Journal Archive (2011)

[i_c_fed_people]

Quote from pauk:

thinking the Tday players can push this upto the 1330's as im still in this trade from yesterday.
Quiet in here again. Only ever busy in here when we have a big drop once per month or so lol
What about you fedpeople? you chasing it long here?

Hey.
I actually did long it earlier for a few points, but I didn't post it so we can disregard that one. I only care for realtime results.

Im not in long again yet. Hoping for a bargain although the ES tends not to pull back due to its natural upside bias. You'll hit you target though, it's just a matter of 'when'. Although considering that you're trading full contracts, I hope you have a little experience!

 

[wiesman02]

Quote from i_c_fed_people:

Hey.
I actually did long it earlier for a few points, but I didn't post it so we can disregard that one. I only care for realtime results.

Im not in long again yet. Hoping for a bargain although the ES tends not to pull back due to its natural upside bias. You'll hit you target though, it's just a matter of 'when'. Although considering that you're trading full contracts, I hope you have a little experience!

lol you act like 1 full contract is a lot of money. Indeed it is relative, but still you can trade 1 contract with $5k. If you don't have $5k to spare you shouldnt be trading !

 

[emg]

Good Afternoon Traders

 

[emg]

time to buy the dip soon. very very soon!

 

[Laissez Faire]

Quote from emg:

time to buy the dip soon. very very soon!

No gap fill first?

Head and shoulder on the 5-minute, no?

 

[emg]

plan on going short 1329.50

 

[Laissez Faire]

Quote from emg:

plan on going short 1329.50

 

[DanS]

I think the low is in for the day.

 

[Laissez Faire]

Notice that the daily range this far is a test of both the high and low of the globex session, exceeded only by a tick to the downside.

 

[Laissez Faire]

Some levels and numbers:

1319,50 - Yesterday`s low.

1327,75 - Yesterday`s high.

1323,50/75 - Yesterday`s 50% range AND pivot point. It also happens to be the 50% of this day`s current range.

1322 is current support. If this one breaks, we should first test yesterday`s low and possibly fill the gap.

I believe 1323,50 to be of value. If we close above that one, yesterday`s high and possibly 1330 is in play for the day.

Opinions? Disagreements?