ES Journal Archive (2011)

Laissez Faire · Nov 21, 2011

Quote from gmst:

Hold on till how long

No idea. May once again reverse in this zone, I guess. Jumpy market.

Would not be surprised to see 1205,25 by end of day, if we pick up momentum though. If being the key word.

1st resistance is 97,50 though.

satchel · Nov 21, 2011

1192 smash through it then hello 1208! pay me.

gmst · Nov 21, 2011

Quote from Laissez Faire:

No idea. May once again reverse in this zone, I guess. Jumpy market.

Would not be surprised to see 1205,25 by end of day, if we pick up momentum though. If being the key word.

1st resistance is 97,50 though.

I closed my long from 92 at 95.75...it might go much higher, but i also don't have a great sitting appetite. Moreover, I can't hold overnight due to account size, so in some sense i am forced to close.

Since I entered at such a late stage, my stop was at 1184 (8 point stop) with target around 97. Trade saw 5.5 point heat.

tortoise · Nov 21, 2011

watch 1196.25 --

noone3 · Nov 21, 2011

i was close to buying for a break to late 90s but i still see a pull to the early 90s from here, so: ss 95, stp 98, tgt 91

bigsnack · Nov 21, 2011

Man I love longs so much more than shorts. I'm in trouble if this thing turns into a full fledged bear market.

Laissez Faire · Nov 21, 2011

Another R10 reversal at the close.

I think the top may be in for the day, but what do I know. It is at least sold for now.

gmst,

Sim trading, I presume?

tortoise · Nov 21, 2011

Quote from tortoise:

watch 1196.25 --

guess that was it?

noone3 · Nov 21, 2011

out from all shorts

tortoise · Nov 21, 2011

1196.25 is the key. If we can't bust through that, we're not going anywhere