ES Journal Archive (2011)

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Quote from letemrun:

covered 1 at 59.5, holding the rest for 0..... Vodka time
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Hi letemrun!

good trading! :D

The other day you held one and then later wrote 'I was expected a bounce. shoud've covered and gone short again later.'

RTH:Today the high has been 1275.75
Low 1275.25
already 18.50 pts
Tick has been to -1414

Previous low on the 13th 1259.50
with stop running we have: 1255.25 to 1253

Something to consider: Set an alert at 1256.25 and if it looks like a low close out. Then you can wait for a bounce to finish and reshort later -if you want to hold one for a swing. 50% is 9.25 bounce.

hope it helps - once again well done!!
 
Quote from tortoise:

It's happened before.

Strong support on SPX at 1250. NDX 2240. It's swiss cheese holes on the ES between 1252 and 1279.

Given the unrelenting selling pressure of the last few days, I see little reason to think we're going to turn here. We might, of course. But it's little more than a roll of the dice.
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You may now all go long.

The bull has, at last, stirred.
 
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