ES Journal Archive (2011)

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Quote from JoshDance:

shorted 39, stop 39.75

edit: moved stop to 40 just before it touched .75, not sure that's a good idea
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stop to 39, took off part at 38.25
looking for 35

EDIT: out rest at 39
 
Fuck me. Looks like 1250,75 next. R2 @ 44,50. AH high @ 42,75.

I was in a long from 40, but bailed at B/E because I did not have confidence in it since price were just hanging there, although I did not get any reversal signals.

With this slowly inching up, I`m not sure I want to join, although 50 looks possible from here. The setup is just not good enough, I think, since it looks just as possible that we retrace from here or even top out.

When in doubt, stay out :eek:
 
Quote from Laissez Faire:

Fuck me. Looks like 1250,75 next. R2 @ 44,50. AH high @ 42,75.

I was in a long from 40, but bailed at B/E because I did not have confidence in it since price were just hanging there, although I did not get any reversal signals.

With this slowly inching up, I`m not sure I want to join, although 50 looks possible from here. The setup is just not good enough, I think, since it looks just as possible that we retrace from here or even top out.

When in doubt, stay out :eek:
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Keeping all the technicals aside for a moment, from a fundamental perspective, Europe good news is priced in to a large extent. Even if this does go to 1250 and beyond, a dose of reality next week from jobs numbers etc. should be enough to push it down to 1200ish very fast indeed.

As far as today is concerned, I think we end the day lower than 1230
 
I see potential support @ 39. If that fails, back to the morning lows or Friday`s high for the next reaction.

Think I`ll pass and wait for a move outside the opening range as it is tight and that should still allow for a good trade.
 
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