ES Journal Archive (2011)

[Laissez Faire]

Gameplan:

If 99 holds, targets above: 1202, 1204,50, 1206 (emg), 1210, 1215.

If 99 breaks, we most likely trade down to 1195. If that holds, 99 is the next target above and then 1202, etc.

If 95 breaks, it is down to the lows at 86 one more time. Next stop below that would be 82 and then we could quickly see 80 or more.

If 99 holds, I think I`m done for the day as the R/R is diminishing the higher we go, unless a good setup materializes.

Opinions?

 

[Picaso]

Quote from Laissez Faire:



Opinions?

I'm with Ammo, contingent on Bernanke.

 

[macho grande]

this feels very ugly, imo :eek:

 

[GordonTheGekko]

Is anyone watching CNBC? Bernank needs to shave asap

 

[Laissez Faire]

Quote from Picaso:

I'm with Ammo, contingent on Bernanke.

Got it. Think I`m flat until after he is done speaking either way.

I forgot to take the 20-EMA into account on my previous post. It does at certain times provide support.

 

[gmst]

the bullish momentum is gone. I am positioned for the short. let us see.

 

[GordonTheGekko]

Quote from gmst:

the bullish momentum is gone. I am positioned for the short. let us see.

+1

 

[JoshDance]

Quote from JoshDance:


I will buy 96.50, 1 point stop

Order still sitting here at 96.50 for the last half hour, missed fill by 1 tick and some change. I knew 97 was a much safer guarantee of getting in, but of course as usual want to minimize the risk as much as possible and as a result got left behind.

 

[Picaso]

Quote from gmst:

the bullish momentum is gone. I am positioned for the short. let us see.

Bad timing. It happens to the very best.

 

[gmst]

Quote from Picaso:

Bad timing. It happens to the very best.

yes as soon as i finished posting that, it took off

have now reversed and am long again ...targetting 1206 or so