ES Journal Archive (2011)

[ammo]

reduced,at resistance,not breaking out,not retreating ,if ya watch em for awhile,,transports are not a manipulated or hft traded index so breaking of the lines without breaking out is status quo

 

[Laissez Faire]

Short @ 1329. Stop @ 1331. Target is 1325.

 

[Laissez Faire]

Price slowing down here around 1328 and 1329. Important price level.

1329 = Friday`s 50%.

1328,25 = Friday`s pivot point and also the opening range low.

I considered bailing at 1329 as it seemed like it could be a fake breakout, but for the time being I`m still in the trade.

 

[Laissez Faire]

Quote from Laissez Faire:

Short @ 1329. Stop @ 1331. Target is 1325.

Stop trailed to 1329,75.

Forming a double bottom here and finding support (resistance if you will). If we once again go above 1329, I`d rather be stopped out for a small loss and re-enter.

Maybe even a long :eek:

 

[ammo]

Quote from ammo:

add 31.5,32.25 avg 29 5/8

flat last half at 27.5...edit ben speaks tonite n atlanta,looks like no commitment either way

 

[wiesman02]

Quote from Laissez Faire:

Stop trailed to 1329,75.

Forming a double bottom here and finding support (resistance if you will). If we once again go above 1329, I`d rather be stopped out for a small loss and re-enter.

Maybe even a long :eek:

take a deep breath and wait for direction. So far this is 'kill your account' price action. Just wait. ES doesn't provide great entries everyday.

 

[ammo]

agree with wiesman,see u take a lot of taking a shot trades with litttle to no long or short setup reasoning,sit back and wait for setup,there are weak setups and strong setups,higher probabilities,your getting churned on low prob setups,distinguish between the 2...

 

[Laissez Faire]

Quote from wiesman02:

take a deep breath and wait for direction. So far this is 'kill your account' price action. Just wait. ES doesn't provide great entries everyday.

So far, the trend is down.

But not all sectors are participating to the downside and we also have the NYSE TICK trending higher. That`s a divergence I don`t like.

Entering lunch hour soon, we may chop around @ 1328 or 1329 until later in the afternoon. Might be seeing a range day after all.

Still, I think a 3 tick stop is a cheap trade if we actually head lower while I`m away for dinner

But yeah, if I did not have a trade that was already in the green, I would definitely wait to execute.

Later guys.

 

[wiesman02]

Quote from Laissez Faire:

So far, the trend is down.

But not all sectors are participating to the downside and we also have the NYSE TICK trending higher. That`s a divergence I don`t like.

Entering lunch hour soon, we may chop around @ 1328 or 1329 until later in the afternoon. Might be seeing a range day after all.

Still, I think a 3 tick stop is a cheap trade if we actually head lower while I`m away for dinner

But yeah, if I did not have a trade that was already in the green, I would definitely wait to execute.

Later guys.

I don't see any sort of trend yet. I dont know how u see a trend down

 

[i_c_fed_people]

bored.
long 1328.25