ES Journal Archive (2011)

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Quote from Laissez Faire:

Late entry, but I got back in @ 36 and can prove it with a screenshot if anyone cares :)

Still looking for the gap.

Stopped out on a trail stop @ 23. Technically, it still looks like a retracement in a intraday bear trend on my 5-minute, but I`m not willing to gamble with any more profits at this point since the probability of further selling is diminished by now.

Just for fun, let`s see what would have happened if I trailed a stop @ 26,50 and enter a limit buy @ 1111. OCO :)

Will turn off the computer now and get some sunshine. Later fellas :)
 
Quote from marceck:

Buyers stepped in right away on that opening drop to 1111.25, just under my support level of 1111.75. When that happens at the open on Sunday night, it often holds, but these days, nothing is even remotely predictable. Shorts are nervous, much more so than remaining longs at this stage of the game.

Well, once again, that Sunday open pattern has held up to the test, no matter how insane the markets. It's still a trade that works and that is reassuring from a technical stand point. It also proves that we are only trading against machines, which in my view is a good thing. Machines are technical. The only problem is when they start liquidating indiscriminately, or buying indiscriminately. But when the range is on, they are predictable.
That said, unless NQ can move back above 2072, this is just another blip (ES 1141).
 
Quote from Jestersofmalice:

Online sentiment check says most people looking for another push down to come today.

probably a very nice short here at 1128

:)

Nice drop. Still weak as a kitten.
Wonder how far we can crash tomorrow.
 
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