ES Journal Archive (2011)

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Quote from bigsnack:

Let's hope I get to keep what I just made. Stop at b/e.
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tagged for b/e. Not my best example of management on that one. In fact, I bet I will get low ticked just to rub it in my face :)

EDIT: Still looking for 51's, whether I'm in on it or not.
 
Quote from Picaso:

Trade what you see, not what you think

My 0.02
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Considering that we ran up 18,75 points in one single leg, this is not a surprise, but do you find that on average this type of reading suggests that the buying will continue?
 
not good for the bears, this looks like continuation

Quote from Laissez Faire:

Considering that we ran up 18,75 points in one single leg, this is not a surprise, but do you find that on average this type of reading suggests that the buying will continue?
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Keeps drifting higher though. If the trend persists, any pullbacks to the 20-EMA and trend line should be good long entries.

But this is the type of days that I don`t thrive in, so I think I will be a spectator for now. If anything, I sure as hell ain`t gonna try picking a top until some confirmation of a reversal is in place :)
 
If the sellers want some good movement, they'll have to work through the buyers that will buy 43, yday's high, support at 39, yday's settlement at 35, and the prior lows at 29-31. Can it happen, and will it happen? Yes, but without objective evidence of seller strength (not just "buyer weakness"), it's an uphill battle; you could simply be fading yourself and doing much better.
 
Quote from JoshDance:

Nice trade!
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Thanks Josh. I got one tick stopped unfortunately, holding through the pullback because I was expecting 51's right away. I chased a bit after for two quick scalps. On to the next one! :)
 
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