ES Journal Archive (2011)

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Crazy A
 
Quote from austinp:

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Pretty typical gap & no fill session. Spastic, erratic and gyrational... with continuations of the "trend" coming from sharp v-turns off higher-high springs = traps.

Price kept testing and rejecting the bottom of open range as it usually does during these days. Mix in a little bit of European news / rumors and there were more than enough swings for any skilled trader to take home some amount of money today. :D
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Thanks again for your contributions and trying to make ET a better place.

g
 
09-22-11 07:36 AM
09-21-11 07:23 AM

--Short 1 contract here at 1192.00. Initial stop is 1232.00
--Looks good so far. Protective buy stop lowered to 1165.25
--buy stop lowered to 1144.00
 
Quote from gkramer:

Here's our bounce today. Good for about Dow 11250. Doug Kass says the bottom is in. Maybe. I'm just trading what I see.
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How can you ignore tha H&S pattern on that chart? It's only the highest probability topping pattern that exist.


A healthy bull S&P market does not shed nearly 100 points in 2 days without a valid reason. 1020 -1040 is where we are heading
 
Globex low in late August was ES 1040s premarket which never got tested intraday... that will be widely watched for a potential double bottom ahead.

If they lift this to gap-fill at yesterday's close and stalls, I'm shorting the confirms and holding swing trades to 1050 or below. imo we are a looooong ways from any ultimate bottoms right now.
 
First we fill today's gap, then we test the lows of 2010.

If the 2010 low is held, we will rally into 2011/2012.

If they break in regular trading hours, afterhours does not count, we will visit the lows 2009 and break them.

Crazy A
 
Quote from Jestersofmalice:

Volente, you ever look at currencies?
Where are we heading on GBP/USD? (6B)
Are we just gonna keep on crashing? Give me some numbers :cool:

EDIT: Anyone know why everytime I make a post at the moment, it comes out twice and then I have to keep deleting one? It's annoying.
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never

Prefer to focus on one instrument and master it
 
Quote from volente_00:

How can you ignore tha H&S pattern on that chart? It's only the highest probability topping pattern that exist.


A healthy bull S&P market does not shed nearly 100 points in 2 days without a valid reason. 1020 -1040 is where we are heading
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You could be right. On the other hand, tech typically closes its sluggish Q3 by leading us into the holiday season, and the COMP chart looks bullish as it didn't make a HnS.

Up or down we can make money.
 
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