ES Journal Archive (2011)

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Quote from volente_00:

light volume so probably chop 58-62 rest of session or slightly grind up.
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I think you`re spot on there as long as volume does not pick up soon.

Now it`s only bots playing back and forth it seems.
 
Moment of truth. Potentially trapping a lot of early shorts here.

Waiting for confirmation VS being early and getting a good entry.

Waiting for confirmation = higher win probability, but potentially lower profit potential due to worse execution.
 
What I just wrote in my previous post perfectly describes how I used to get trapped into false breakouts.

I`m looking to enter a long here if I get filled.

Tight stop for a reverse around 1358.

EDIT: Or not.

Still not too late for the shorts.
 
Quote from Laissez Faire:

58,50/75 is yesterday`s high, today`s opening range high and the current 50% retracement of today. It`s also the neckline of Volente`s IHS.
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No big surprise that price found support here at the tick.

Now, will wiesman get paid on his short or will Volente get his 62 by the end of the day?

Those who can guess correctly, may grab a few points.

Expiration day for options today as well.

Grab your popcorn and stay tuned :cool:
 
Quote from Laissez Faire:

Long @ 1358. Stop @ 1357. Target 1361.

Will probably flip to a short if stopped out. Target 1355 or lower.
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Out @ 1359.

Considered trailing a stop at B/E, but there are some factors in play today that I might not be able to predict, so I`m willing to bank this one.

Price once again stalling. I would bet on higher, but I just did not have the balls today :)
 
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