ES Journal Archive (2011)

Now is Now · Jun 16, 2011

Quote from marceck:

Braver than me. Bank merger in the news (Capitol buying ING) and ES back above 1st hour..

If it was all cash it may have some 'bite', but ,besides that ,there are limits to market rises and falls...that is what I trade covering or increasing an exposure to suit and reversing.

Let the apples fall where they may...

NiN

marceck · Jun 16, 2011

Quote from Now is Now:

If it was all cash it may have some 'bite', but ,besides that ,there are limits to market rises and falls...that is what I trade covering or increasing an exposure to suit and reversing.

Let the apples fall where they may...

NiN

Looks like it will work for you, we're coming down before Hong Kong, but that can be a fade, then a straight run into London.

mwingo1135 · Jun 16, 2011

Quote from Now is Now:

SLD 6725 Target 6450

will ADD, if necessary.

NiN

Good post. I was checking my email before reading a new financial book I got last weekend at the local barnes and nobles and saw there where a few post.

I saw your trade and looked at the market on the 30 min chart.

There is a clear trigger for my cycle reversal strategy down to 1263.75 first target on the 30 min chart. My cycle reversal strategy is used on the [daily chart] where they really has been a cycle that can be reversed but I would like to see how this plays out on the 30 min chart so I put on 2 lots (nothing major).

1266.00 entry

1 @ 1263.75
1 @ 1258.00

Stop @1269.75

marceck · Jun 16, 2011

Quote from mwingo1135:

Good post. I was checking my email before reading a new financial book I got last weekend at the local barnes and nobles and saw there where a few post.

I saw your trade and looked at the market on the 30 min chart.

There is a clear trigger for my cycle reversal strategy down to 1263.75 first target on the 30 min chart. My cycle reversal strategy is used on the [daily chart] where they really has been a cycle that can be reversed but I would like to see how this plays out on the 30 min chart so I put on 2 lots (nothing major).

1266.00 entry

1 @ 1263.75
1 @ 1258.00

Stop @1269.75

TD count indeed on the 30 mn.

FreakofNature · Jun 16, 2011

Long sept 1265 stop 52.

FoN

tycoonman · Jun 17, 2011

Quote from FreakofNature:

Long sept 1265 stop 52.

FoN

good move in my opinion

should be at ~78 by tommarow. big rally coming.

Now is Now · Jun 17, 2011

Quote from Now is Now:

SLD 6725 Target 6450

will ADD, if necessary.

NiN

OUT 6450

NiN

Now is Now · Jun 17, 2011

Quote from tycoonman:

good move in my opinion

should be at ~78 by tommarow. big rally coming.

And so is winter...

NiN

mwingo1135 · Jun 17, 2011

Quote from mwingo1135:

Good post. I was checking my email before reading a new financial book I got last weekend at the local barnes and nobles and saw there where a few post.

I saw your trade and looked at the market on the 30 min chart.

There is a clear trigger for my cycle reversal strategy down to 1263.75 first target on the 30 min chart. My cycle reversal strategy is used on the [daily chart] where they really has been a cycle that can be reversed but I would like to see how this plays out on the 30 min chart so I put on 2 lots (nothing major).

1266.00 entry

1 @ 1263.75
1 @ 1258.00

Stop @1269.75

Trade Recap

Overnight the market did do a mini cycle reversal on the 30 min chart pushing from 1266 to 1258.50. Market now is showing even print were it could go either way long or short. With a little weight to the long side

Now is Now · Jun 17, 2011

SLD 7350 Target 7075

Will ADD, if necessary

NiN