ES Journal Archive (2011)

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Quote from macho grande:

did you buy it?
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No, posted this after it made the 96.50 low

Quote from Laissez Faire:

Do you enter your limit and buy no matter what or do you wait for a bottom to be firmed and enter on the push up supported by orderflow?

Trading that low again, I would be anticipating we would drop lower instead, but that`s me and I`m frequently wrong. :)

Small risk though, so it may be worth a shot.
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The order flow that pushed it up from 96.50 was convincing enough for me to want to buy if they tested the bottom again. And yes the risk is quantified, 2-3 ticks risk makes it worth it to me.
 
Quote from Laissez Faire:

1201,50 should be a decent re-entry with a tight stop for late shorts, if allowed :)
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Two ticks short on the first attempt. That strenghtens my bearish bias, unless we put in higher lows on this new push down. That could look more like a bottom I guess.

Too many scenarios in this trading business. :p
 
Yesterday`s low was a spike. Maybe that means something.

Reversed off the 20-EMA and morning lows for now.

04,50 is the current 50% level. Would not like to see us trade that high though if we are to sell much lower from here.

Seems like S1 actually was a good bottom for know. Who would have known.

Where are you emg? The anticipation is killing me. :)

EDIT: Look at the formation from this morning. May be another bear flag setting up before a new wave of selling.
 
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