ES Journal Archive (2011)

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Short term exhaustion ? volume is not heavy enough to be a major turing point. But since when has volume or anything else mattered latley since the central bank and the pomo operation started.
 
Quote from Rickshaw Man:

Short term exhaustion ? volume is not heavy enough to be a major turing point. But since when has volume or anything else mattered latley since the central bank and the pomo operation started.
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Under normal condition I would say today means something but normal conditions are not present. Markets are extremely overbought due to the relentless central bank bid.
 
Entering a new long where I initially planned to cover my previous short :)

Long @ 1355,25. Stop @ 1354. Target 1360.

This is per definition bottom picking, but I`m taking a bet here.

EDIT:

Stop trailed to 1356,50.

Off to grab a coffee now :cool:
 
Damn just got long signal at 1357 on 10 mini chart... took it.
sl 1354.50

Thought I was all done for day.

EDIT Long signal also forming on 30 min, if confirmed switching to 30 min timeframe for exit signal
 
Quote from Zr1Trader:

Damn just got long signal at 1357 on 10 mini chart... took it.
sl 1354.50

Thought I was all done for day.

EDIT Long signal also forming on 30 min, if confirmed switching to 30 min timeframe for exit signal
More...

30 min signal also confirmed. Switching to high TF for exit(30min)
 
Quote from Laissez Faire:

Entering a new long where I initially planned to cover my previous short :)

Long @ 1355,25. Stop @ 1354. Target 1360.

This is per definition bottom picking, but I`m taking a bet here.

EDIT:

Stop trailed to 1356,50.

Off to grab a coffee now :cool:
More...

Out @ 1357,75. +2,5.

I`d like to see them settle the futures session around 1360, but when it did not happen immediately after the cash close, I got worried.

All in all a pretty decent day. Could have been even better had I trusted my targets. Not bad for a guy who usually loses the first trading day of the week:)

Later guys.
 
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