ES Journal Archive (2011)

[gmst]

Quote from mastacoli71:

your joking right?

I was serious... I am very new to ES, and am learning it.

 

[macho grande]

is this oversold?

 

[tomahawk]

Quote from Laissez Faire:

I`m joking about the hell part, but there should not be any support below the open low until 1220 and that might be worth betting on.

Next is half gap @ 18.

Yesterday`s high @ 14,50.

Gap fill @ 11,50.

As of now, the lows are holding, so who knows.

Disclaimer: Not sure if I would enter a short at this point. Price is dropping too slowly.

Since I am short already, I`m continually monitoring my position, hoping it breaks, ready to puke if it holds.

I have 1/2 gap (from settlement) right here @ 22.25. .. Is also a TL on 15min.

 

[Laissez Faire]

Quote from tomahawk:

I have 1/2 gap (from settlement) right here @ 22.25. .. Is also a TL on 15min.

How can that be half the gap?

Looking at pit close or something else?

 

[Laissez Faire]

Quote from Laissez Faire:

Sold 1231,50. Stop @ 1333. Targeting hell.

26 is locked in. They may take me on a retrace, but this is all they`re getting.

The current action is making me very uncertain.

That could perhaps warrant an exit now, but I think the risk is worth it in case we should accelerate and sell-off.

 

[tomahawk]

Quote from Laissez Faire:

How can that be half the gap?

Looking at pit close or something else?

I go by 3:15? ... 1209.00

1209.00 > 35.75 = 26.75

26.75 / 2 = 13.50

35.75 -13.50 = 22.25

 

[PushPull]

Quote from macho grande:

is this oversold?

Nice tactical eye, but I think not, strategically.

 

[Laissez Faire]

Quote from macho grande:

is this oversold?

No, it is overbought.

 

[macho grande]

was that last dip a stop run?

 

[JoshDance]

will buy 22 with a 2 tick stop