ES Journal Archive (2011)

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Interesting that we topped out just one tick above the AH mid.

I`m feeling quite confident that we`ll take care of the rest of the business above though. ES pulled back below it`s OR, but NQ has not reached that point, so I`m not worried yet. :)

EDIT: NQ respected support at the opening range high to the tick for now. :)
 
Quote from Laissez Faire:

I recommend keeping a bucket nearby your desk. :)

NQ gap fill at 2363.

I do, but my trading plan says I can only use it if I have a position on.
 
Quote from Picaso:

Watch out

we are at 1249, it should be a good test of DOM's ability to predict short term....I understand success/failure in one instance doesnt mean anything...its what averages matter. but still.....
 
Quote from gmst:

we are at 1249, it should be a good test of DOM's ability to predict short term....I understand success/failure in one instance doesnt mean anything...its what averages matter. but still.....

we went down a point...DOM skew proves valuable once again!
 
Another bull flag? NQ is still at the support zone although it is starting to penetrate it, probably just a bear trap.

Perhaps support at the 20-EMA if we trade lower.

One would think that we would take care of business above before turning, but maybe half gap was all we got today?
 
Quote from Laissez Faire:

Another bull flag? NQ is still at the support zone although it is starting to penetrate it, probably just a bear trap.

Perhaps support at the 20-EMA if we trade lower.

One would think that we would take care of business above before turning, but maybe half gap was all we got today?

If we go up, where do you see possible targets. Also, where have you been for last 2 days. Your commentary has been missed!
 
Quote from gmst:

If we go up, where do you see possible targets. Also, where have you been for last 2 days. Your commentary has been missed!

Globex mid at 51,25 was my first target above and we made a top there for now.

Next would be half gap at 52, but I think that is less relevant now considering that it is so close to the previous top and the gap is relatively small.

So, next target would be complete gap fill at 1257,25.

AH high @ 58,75. Yesterday`s high @ 59,75.

We could also top out at NQ gap fill at 63.

But if we do go up remains to be seen. For now, it is looking like consolidation before another push higher. Could sell off from here as well.

PS: I met someone at Volente`s so that`s why I`ve been a little tied up. :p
 
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