ES Journal Archive (2011)

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Quote from gmst:

re-entered long at 68, target 74.5, stop 62.5....this time will try hard not to close the trade on slightest pullback....price is showing sufficient support...i am 80% positive we are going higher.
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turned out i was wrong. we ran into resistance at triple top!! Out from this trade for a tick loss, now reversed.

Edit: Short at 1167.25, stop 1167(now as price has moved down).....LF will tell me where should be my target :) since it seems we are crashing!
 
In hindsight, I should have stayed with that trade. :)

1151 keeps pulling and the euro is almost back at the lows now.

Could it happen after all?

gmst,

We may be finding a bottom here, but if you`re willing to hold it at breakeven, I would look out for any sign that the day low will hold.

If it does not, I guess that opens the door for 1151. I have no faith in it though.
 
Quote from Laissez Faire:

In hindsight, I should have stayed with that trade. :)

1151 keeps pulling and the euro is almost back at the lows now.

Could it happen after all?
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Well the reason why i reversed from long to short was that even though ES was back, but euro had stayed below. Correlations!
 
Quote from gmst:

Well the reason why i reversed from long to short was that even though ES was back, but euro had stayed below. Correlations!
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imp: we are running into euro day's low and ES swing low...will they act as support temporarily at least ??:confused:

I think - we might bounce off once,but should break them on 2nd attempt.
 
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