ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
I don't know, is there a long bias in this thread? Personally i am by far mostly bearish in time, but at this moment i am pretty confident that there will be a mid-term bottom around here.
Of course, i usually look for a wide range bar ending a down-side move to enter on the long, and I believe that we might not be stretched enough yet...
Of course i am willing to bet the long side...but with pretty tight stops
As i write, i take 2k shares long SPY at 29, with a 10 cent stop and 20 cent tgt
Of course, i usually look for a wide range bar ending a down-side move to enter on the long, and I believe that we might not be stretched enough yet...
Of course i am willing to bet the long side...but with pretty tight stops
As i write, i take 2k shares long SPY at 29, with a 10 cent stop and 20 cent tgt
Always fun to buy a top. At least I covered a short with a profit, but nonetheless. 
I traded my P&L, wanting to have a green week, instead of using a stop above the obvious pivot.
But I digress...
Can`t you all feel the pull from below?
We`re down 21,75 points from the cash close, quite normal with some retracement. I think we`re only retracing in a down trend and catching up with the 20-EMA.
These are dangerous waters both for longs and shorts, although all longs are counter-trend from here. Could still be profitable scalps, but the trend remains down and the obvious magnet is 1151 below.
Now that I puked on my earlier short, I think I`m done for the week, but those are my two cents as I see it now.
Perhaps I could enter a short if current support should break down.
I traded my P&L, wanting to have a green week, instead of using a stop above the obvious pivot.But I digress...
Can`t you all feel the pull from below?
We`re down 21,75 points from the cash close, quite normal with some retracement. I think we`re only retracing in a down trend and catching up with the 20-EMA.
These are dangerous waters both for longs and shorts, although all longs are counter-trend from here. Could still be profitable scalps, but the trend remains down and the obvious magnet is 1151 below.
Now that I puked on my earlier short, I think I`m done for the week, but those are my two cents as I see it now.
Perhaps I could enter a short if current support should break down.
no, but you might be perfectly right. Will remain cautious.- Status