ES Journal Archive (2011)

[emg]

plan on going long 1226.00

 

[Laissez Faire]

First stop below provided current LOD does not hold should be 30.

 

[JoshDance]

Quote from JoshDance:

shorted 40.50

out another part 36, stop to 38 on rest

EDIT and flat 38

looks bullish again IMO

 

[Picaso]

Quote from Laissez Faire:

Keep meeting resistance at 40,75. Would have liked to enter a short around 42 provided that act as resistance.

May have to enter on a trend line break instead if we don`t trade up there. Hard to enter now since I see 42 as a possibility.

You'da man, Josh!

 

[Laissez Faire]

Quote from Picaso:

You'da man, Josh!

The trend line break confirmed at least a scalp entry though.

Hard to pick a top, when there is a magnet just above, although it seemed to act as very good resistance.

 

[ammo]

6 to 1 expanding

 

[macho grande]

Quote from macho grande:

out 1237

flip L @ 1237

this retrace is not over?

out @ 1238.25

 

[ammo]

http://online.wsj.com/mdc/public/page/2_3022-mfgppl-moneyflow.html .. josh if you are watching this,i just look at the money coming in(block trades), going out ,on the sell side its low and buy side higher,but there aren't really any marquis names on the list...so far weak selloff

 

[Laissez Faire]

With regards to waiting for bars to close, observe how the last 5-minute bar looked very bullish and strong, only to collapse just before it closed.

For now, it was just a breakout test. Let`s wait and see how this bar turns out. Looks strong now.

Still looking like a retracement to me, but there are juicy targets above as well, so I`m not marrying one side yet.

 

[JoshDance]

Quote from Picaso:

You'da man, Josh!

Thanks, only wish I had shorted the open as my gut and my charts said to!