ES Journal Archive (2011)

[Laissez Faire]

No surprise that price stopped at 45, no?

Not getting a good read on the action at the moment though, so I think I`ll be sitting on my hands for now.

40,50 is the current 50%. Maybe.

50/51 would be the most obvious upside target being Friday`s highs.

 

[Laissez Faire]

It`s interesting to observe that the bounce in the ES occured at the same time the euro went higher (but not as much as the ES).

Might be seeing a bull flag here now. Counter trend traders have been the strongest the last hour. But then again, it seems to be only bots playing back and forth at the moment with this ridiculous volume

 

[Laissez Faire]

Long @ 1344,50. Stop @ 1343,50. Target 1350.

EDIT: Flexible target. Will see how price behaves around the daily highs if we get there.

 

[Now is Now]

Quote from volente_00:

flat means short was closed at 36 when I posted.

My apologies I miss read the time of your post.

NiN

 

[volente_00]

Quote from Laissez Faire:

No surprise that price stopped at 45, no?

Not getting a good read on the action at the moment though, so I think I`ll be sitting on my hands for now.

40,50 is the current 50%. Maybe.

50/51 would be the most obvious upside target being Friday`s highs.

sometimes sitting is the best position. I think we chop around and as long as the monthly neckline holds the grind will be up. Low volume summer is coming which will make it easier to move price where they want

 

[Laissez Faire]

It`s interesting that the daily highs are last weeks 50% to the tick. Random? I think not.

Last week`s PP is @ 43.

 

[Laissez Faire]

Quote from volente_00:

sometimes sitting is the best position.

That is my weakest area.

Are you still bullish as per your IHS on the daily or did you lose any conviction since we may have chopped around more than you anticipated?

 

[Omega]

Short @ 44.75

 

[Omega]

out at 43.75

 

[Laissez Faire]

Quote from Laissez Faire:

Long @ 1344,50. Stop @ 1343,50. Target 1350.

EDIT: Flexible target. Will see how price behaves around the daily highs if we get there.

They ran my stop

-1,0