ES Journal Archive (2011)

[bigsnack]

Let's see what happens here. Could be a launch point, but we'll just have to wait and see!

 

[gmst]

Quote from bigsnack:

Let's see what happens here. Could be a launch point, but we'll just have to wait and see!

you calling it based on tick values ? can u explain a bit thnks

 

[gmst]

edit: long 43.25, stop 40, target 48

 

[JoshDance]

Good buy signal for me, but only 50% convinced from order flow, unfortunately I think I will need to see 45.50 breached to the upside first.

 

[ammo]

Quote from ammo:

back on at 47.75

cover add at 43,time of day

 

[bigsnack]

Quote from gmst:

you calling it based on tick values ? can u explain a bit thnks

Just that the ES likes to move and then pull back 50%. We are trading at the 50% now, so I wouldn't be surprised if we see a bounce here. That being said, the TICKs look really really weak, so I wouldn't even think of trying a long until the downward trend on the TICK breaks, and ideally I want it to break and close above 600. Once that happens I want to make sure that the ES made some form of higher high. And then if all of that lines up, I will buy the next pullback, as long as the TICK is in the -350 to -600 range when it pulls back, but does NOT close back below -600.

It sounds a bit confusing in one paragraph, but that's my whole strategy, and I've laid it out in steps a couple of times here. We'll see if the pieces line up!

 

[macho grande]

i'm not liking this action at all. Are they setting longs up to be screwed? i can see this @1240 even 1238 in a hearbeat.. :eek:

 

[JoshDance]

will buy 42.50

EDIT cancel order

 

[ammo]

dvol uvol resuming downtrend

 

[JoshDance]

Quote from JoshDance:

will buy 42.50

EDIT cancel order

It's a good buy here if you're going to buy, but I just want more confirmation that 42 is solid