ES Journal Archive (2011)

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Quote from ammo:

spx making ihs along with djt,djt 45 pts off morning low,divergence warns for possible reversal exp week spy 133 puts large open interest
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DEMTDAYBOYZ want 15 to 19
 
Good afternoon traders! :)

1310,25 is today`s mid.

Let`s see if the bulls take control here or if the bears protect it.

Potential scenarios.

Test of daily lows. If daily lows don`t hold, 1300? Might be a very nice long if we do test them one more time and bulls defend it.

I`m leaning more towards a gap fill to the upside.

Bulls pushing us above 1310 and building support there, setting the stage for a run towards 1315, 1319.

Treasury budget in 50 minutes. Not sure if that one will move the market?

Nice R10s, Volente :)
 
Almost got spooked out of the trade. Seems like I was early as usual.

Still respecting the wedge formation and making higher lows and higher highs on the 5-minute.

Would add @ 1308 if I traded several contracts.
 
Quote from Laissez Faire:

Damn! Did not get my fill @ 1308.

Long @ 1309. Stop @ 1307,50. 1st target is 1315. Will ride it to 1319 if the T-Day boyz are up for it :)
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So are you chasing or is this a legit setup ? I've been long @1308.50 for over an hour, so some movement would be nice !
 
Quote from EsKiller:

So are you chasing or is this a legit setup ? I've been long @1308.50 for over an hour, so some movement would be nice !
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It's called DEMTDAYBOYZ setup trade


:)
 
Quote from EsKiller:

So are you chasing or is this a legit setup ? I've been long @1308.50 for over an hour, so some movement would be nice !
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Define legit setup?

I`ve written my analysis in the last two posts. Chased one point on my entry, but I still think we`re good to go for 1315.

Bulls are taking control of 1310 now, but we might dip lower one more time if the wedge formation is still in effect.
 
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