ES Journal Archive (2011)

emg · May 9, 2011

Good morning traders!

volente_00 · May 9, 2011

Went flat at 36

Picaso · May 9, 2011

Quote from volente_00:

Went flat at 36

45

35

40?

--->30 /// 50 ????

emg · May 9, 2011

plan on going long 1328.50

julian0625 · May 9, 2011

Short 1337.75

Stop 1340

Target below lows.

julian0625 · May 9, 2011

Quote from julian0625:

Short 1337.75

Stop 1340

Target below lows.

Stopped. Ubelievable, looked like we were going to break down, then immediatly zooms up.

wiesman02 · May 9, 2011

Quote from julian0625:

Stopped. Ubelievable, looked like we were going to break down, then immediatly zooms up.

occasionally, the ES chops like this for a period of an hour at the open. But when this happens, it usually produces a reliable trend. The trend is usually not all that clean, but its tradable.

julian0625 · May 9, 2011

Quote from wiesman02:

occasionally, the ES chops like this for a period of an hour at the open. But when this happens, it usually produces a reliable trend. The trend is usually not all that clean, but its tradable.

Yea agreed. Stopped to the tick

and now is at lows lol.

Well now that it reversed from highs, looks like we could go lower.

Looking to short again.

EDIT: Just did

RESHORTED 1337.75 Watta FILL! To the tick! For now...

Stop 1339.75

Target lows.

letemrun · May 9, 2011

Quote from julian0625:

Yea agreed. Stopped to the tick and now is at lows lol.

Well now that it reversed from highs, looks like we could go lower.

Looking to short again.

EDIT: Just did

RESHORTED 1337.75 Watta FILL! To the tick! For now...

Stop 1339.75

Target lows.

Just curious from getting stopped out on your last shot, why not put the stop outside of the highs from the last hour ie 40.5?

I agree with your direction but you need to let it shake everything out

cashcarewins · May 9, 2011

Triangle formation at tail of Osama reaction back to the 5th. Nexus around 1338. Trend uncertainty until this resolves.