ES Journal Archive (2011)

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Quote from mastacoli71:

we must be looking at it differently. here is what i am seeing. as soon as it broke lower band of wedge, selling accelerated. anything can happen given current vol...not making any predictions just pointing out what i am seeing.

agree with your support at 26 just not sure about the 43-50 reversion; will need a driver to get back up there.

fwiw, i am pulling for the guy that sold puts...i am sure he knows what he is doing.
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Not sure why you have your lines drawn like that

draw it on the lower highs on top and higher lows on bottom and you get about 26 es for bounce zone
 
Quote from JoshDance:

Triangle

http://screencast.com/t/lLOD6ws6

(same lines I posted 5 or 6 days ago, not drawn to make the last high and today's low fit :) )
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daily wedge, nice JD. if it hits top band tomorrow, 62.75, friday 60.75....hmmmmm, maybe i'll sell some 1225 weekly puts tomorrow if we get pullback into that number. i'm sure there is still some decent premium given higher vol.
 
Quote from volente_00:

Not sure why you have your lines drawn like that

draw it on the lower highs on top and higher lows on bottom and you get about 26 es for bounce zone
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that's what i did, 30 min time frame. i see what you are saying on daily time frame but it is different wedge compared to 30 min.
 
Quote from mastacoli71:

that's what i did, 30 min time frame. i see what you are saying on daily time frame but it is different wedge compared to 30 min.
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Upside retracement target of 41.75 hit overnight. extension of 30 min wedge break down to 1211. Keep in mind daily wedge support around the 1226 level; if that breaks stops will be hit which could bring us down quickly to the 1211 target. Pointing out probabilities, nothing else. Based on this, I will not short 1225 weekly calls will consider 1210s.

Good luck to all today. Should be another roller coaster ride.
 
Quote from Visaria:

Went short at 1255 late yesterday. Wake up today to see a low of 1238. Out of nowhere, it smashes up above 1250.

The chop is really pissing me off. I'm going to trade minimal size now, until these crap markets resolve themselves.
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out at 1222
 
euro has held up incredibly strong while all this superfast selling in ES premarket. Its extremely rare to witness such a divergence.

I am buying ES, looking for at least 10 points upside

Edit: bought 1221.5
 
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