ES Journal Archive (2011)

Status
Not open for further replies.
And support became resistance...

Might see some nice moves going into the close.

I`m still holding my short from 1318. Stop is now @ 1317,50.

It`s interesting to see that my initial target @ 1314 became the first place price stopped.

Could it be because it`s the day`s 50%? WVAP area? Opening range high?

I may have been a fool to not have taken an exit there, but who knows. I`m at the mercy of the market now, enjoying a risk free trade.
 
Quote from Laissez Faire:

I don`t think price will stop @ 1314 this time. Preparing a trail stop here.

Or maybe it will. NQ spiking. And too near into the close.

Out @ 1315. +3.

Enjoy your weekend, traders.

I`m logging off now. It`s been a long week. Will be nice with some vacation :cool:
 
I see more people buying in here after the cash close than all day long. Gee do ya think there is some great news planned over the weekend.....I can pretty much guarantee you yes there is.

So Sunday night we get the gap up in the futures and Monday morning we get the gap up in SPY. Yes they are rushing in as I type.
 
It's all planned, mark my words some good news will occur over the weekend. What it is I have not a clue. But I can tell you after watching the tape on Fridays close over 500 times. I can say we are going higher Sunday night and Monday morning.

Unless we get some sort of freak event, it's all set. Big buys still going off in SPY, 5000,4141,1754,2000. This is were the easy money is made. When the retail clowns sell before the close smart money is right there buying it all. Monday morning smart money will sell is back to retail after the 1.00% overnight rise.

Ciao!
 
Quote from Laissez Faire:

Are you guys still calling this a trend day? :eek:

The power of the MoJo (or the Mojito) is sometimes even stronger than the power of DEMTDAYBOYZ.
 
Status
Not open for further replies.
Back
Top