ES Journal Archive (2011)

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Quote from Laissez Faire:

Because price closed below 1307 on the 5-minute for one.

What`s a Sheen trade?
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I know I have my s/r lines messed up, but u have 1307 wrong.

1308 is a S/R area. 1307 is not. Look back the last few days and you'll see bounces off 1308. Even todays action is centered around 1308. We cant seem to get a push over 1308 today that will hold. If we can, I think you'll see a good short squeeze for EOD.
 
Quote from wiesman02:

I know I have my s/r lines messed up, but u have 1307 wrong.

1308 is a S/R area. 1307 is not. Look back the last few days and you'll see bounces off 1308. Even todays action is centered around 1308. We cant seem to get a push over 1308 today that will hold. If we can, I think you'll see a good short squeeze for EOD.
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Refresh my memory, but did you just not recently state that you were giving up on ES trading and that price never stopped or reversed at your S/R zones? :eek:

1307 is S/R on my 5-minute chart. Price pulled back from 1307 after the morning rally, found support @ 1304, bounced towards the daily highs and once again tested 1307, trapping shorts in a false breakout.

Besides, 1307/1308. It`s a zone.
 
Quote from wiesman02:

Long @1306.25
stop @ 1304.50

finally a good day. Up almost 7 points net today. Lets see if they can rally this EOD and double that for me :)

edit: trailing stop to 1305.25. Don't like this price action
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Exit @1308.25. +2 points

+8.75 points on the day. All trades posted. too bad I cant do this everyday. Calling it quits. Time to go to work.


And yes Lassiz-Faire I did. But I was mostly referring to downtrends and how the downtrends weren't honoring them. My system woks very well with flat and bullish days. But I've yet to do well at bear days. As you can see from today.
 
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