ES Journal Archive (2011)

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Quote from mastacoli71:

Sitting on my hands

Me too...for a few more minutes.

Got another Buy signal at 1215, but we're so overbought here I decided to wait.

Everyone's been talking about 1220 for the last few days, maybe we see it here shortly??
 
if number is good, ES will rally and reach 1225 in no time, at that point, should we fade it or not, since retail sales and consumer conf. both will beat estimates. I guess I won't fade it.

If number is bad, ES will go down, at that point we have retail sales better and cons. conf. worse, maybe ES will fill the open gap and will give a good entry point for long.

Above is my tentative plan
 
Quote from gmst:

if number is good, ES will rally and reach 1225 in no time, at that point, should we fade it or not, since retail sales and consumer conf. both will beat estimates. I guess I won't fade it.

If number is bad, ES will go down, at that point we have retail sales better and cons. conf. worse, maybe ES will fill the open gap and will give a good entry point for long.

Above is my tentative plan

Forecast was 60.4, actual 57.5, so not good. Business inventory report was also negative, up .1%.

A little bounce then retracement. Got a sell signal at 14.50 but gonna wait until after until it shakes out here. One min looking bearish, but five min still pretty bullish.
 
Quote from mastacoli71:

Sitting on my hands
Same... I hate to miss gains today, but really feel like I should take the day off, especially with the volume going on (lack thereof). Day trading ironically feels so unproductive!
 
Quote from keeptradin':

Me too...for a few more minutes.

Got another Buy signal at 1215, but we're so overbought here I decided to wait.

Everyone's been talking about 1220 for the last few days, maybe we see it here shortly??

I hope not :D
 
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