ES Journal Archive (2011)

[gmst]

Quote from gmst:

long 1251.5, target 1255, stop 1249.5

headfake, stopped at 1249.5 and now reversed. If the market had any staying power up there, it wouldn't have taken such a quick beating. I am positive we are going down now.

 

[wave]

looks like 46 first.

 

[ammo]

es today

 

[Laissez Faire]

Interesting development.

NQ still climbing a trend line though. Wait for that to break first, yes?

Same with ES. Still trend line, 50% and opening range high here?

I`m just thinking that because the market does not go up on the first attempt, it does not mean that it will go down either. We may chop here, find support (one more time), and still go higher?

Many different scenarios in this business.

 

[JoshDance]

Quote from JoshDance:

Filled and stop at 48.25, target mid 50s

EDIT: stop to 48

out for -1.5

 

[wave]

"Many different scenarios in this business."

yes, if-then-else and an occasional else-if.

 

[JoshDance]

bought 50.25 tight stop

 

[tomahawk]

No g/f on SPY yet ... could cause it to run up again before the close. EUR looks like it's aiming higher too.

 

[wave]

key is knowing which way to position yourself and have conviction in your system and control the risk while you wait for it to play out.

 

[gmst]

Quote from gmst:

headfake, stopped at 1249.5 and now reversed. If the market had any staying power up there, it wouldn't have taken such a quick beating. I am positive we are going down now.

stopped at 1250....have been wrong on last 2/3 trades....,will be out of market till clarity emerges.