ES Journal Archive (2011)

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Quote from Laissez Faire:

Are you a trader or an analyst? :)

I love this current action. I think a nice trade is setting up here.

NQ and ES breaking their respective trend lines should be a beautiful short.

ES breaking out to the upside could also be worth a few points.
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Things are getting tricky here, think I'll stand on the sidelines and watch the pros play.

Seeing bearish signals too on the one minute, so I wish you well if you choose that direction. Five minute still looks bullish to me.

Not much of an afternoon trader usually anyway, seems like the volatility really picks up the last hour or so. Think I'll go mow the yard, makes the beer taste better later. :cool:
 
Quote from keeptradin':

So far, so good.

Where you gonna cover??
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I actually considered taking it off at 1210 as I did not like the lack of follow through.

Seems like there is still hope. If NQ goes for the gap fill below, I guess that`s the target. Not sure if ES can complete it`s gap today.
 
Quote from Laissez Faire:

I actually considered taking it off at 1210 as I did not like the lack of follow through.

Seems like there is still hope. If NQ goes for the gap fill below, I guess that`s the target. Not sure if ES can complete it`s gap today.
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Sounds good, volume definitely picking up as it went below 1209.

Expect a retrace to ~1210-11. Better make a decision soon. :)

I'm out for now. See you folks later.
 
NQ`s lows were defended.

The only acceptable short entry from here would be if NQ make new lows and we start filling that gap.

Previous support @ 1210 could be acting as resistance here for a nice low risk short entry.

Personally, I`m trading a new strategy with more size than earlier, so I think I`m going to sleep a winner tonight and not take any chances (unless that break happens). :)
 
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