ES Journal Archive (2011)

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08-25-11 03:48 PM GMT

Quote from Buy1Sell2:

Order changed. Entry sell stop 1164.25 If triggered, the initial protective buy stop will be 1220.00. 1 contract.




--Stopped in. Lowering protective buy stop to 1191.25
--Keeping everything the same here. 6:43 CST 8/25/11
 
Quote from austinp:

Garden-variety H&S pattern along with two proprietary price measurements suggest ES 1120 zone on further breakdown.

The way algos are slicing swings thru this tape, might be just a speed bump or overnight gap-down move by the open tomorrow.
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Before ES actually breaking the neckline it can turn into downside triangle which is bullish when breaking to the upside.

Another scenario is that ES zoom up to 74-77 area for a huge right shoulder top.

Am just daytrading the bearish bias for the day.

I take it one day at a time. :)
 
Quote from Lawrence Chan:

Before ES actually breaking the neckline it can turn into downside triangle which is bullish when breaking to the upside.

Another scenario is that ES zoom up to 74-77 area for a huge right shoulder top.

Am just daytrading the bearish bias for the day.

I take it one day at a time. :)
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very feasible but i think maybe only to the 50% at ~1171
 
Quote from volente_00:

very feasible but i think maybe only to the 50% at ~1171
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24 hours chart - spike and ledge points to 67-70 for ledge top area.

As long as that holds, breaking bottom support at low 50s point to 20s.

That is the bearish scenario I have but I do not trade overnight ... too tiring. =)
 
Quote from Lawrence Chan:
Before ES actually breaking the neckline it can turn into downside triangle which is bullish when breaking to the upside.
Another scenario is that ES zoom up to 74-77 area for a huge right shoulder top.
Am just daytrading the bearish bias for the day.
I take it one day at a time. :)
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When did you trigger your short entry?. Reversal into upper balance or later at POC?. Or averaged in?.:confused:
 
Quote from SrRuthenate:

When did you trigger your short entry?. Reversal into upper balance or later at POC?. Or averaged in?.:confused:
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I was not there in the morning as I already mentioned that in my real-time chart.

My usual entry was mentioned here many times - after ES re-enter the RTH range, and produce a continuation sell there.

When I got the chance to stay in front of the screen, I shorted from the rejection of PP (RTH only) for a run to my target of 50 and below but 50 was not tagged.
 
Quote from Lawrence Chan:
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So you use some type of short term entry (risk about 2-3 points) sometime after all the other structure falls in place?. Sounds cool.:cool:
Very hard to transform a scalp entry into a swing or position trade. In fact the hardest task I have ever solved.:D
 
Quote from SrRuthenate:

So you use some type of short term entry (risk about 2-3 points) sometime after all the other structure falls in place?. Sounds cool.:cool:
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Yes and no average down.

Just daytrade and all I want is just a piece of the actions when the market let me to. =)
 
Quote from SrRuthenate:

Are you teasing me with that again?. I'm not going to fall for it this time.:p
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Not teasing. Just answer your question.

Averaging into a position is different from averaging down.
 
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