ES Journal Archive (2011)

[diablo11]

Hasn't it been the last couple months as financials have gone so has the market? BAC, JPM, MS and a bundle of other fins were down big over the course of the last 2 days. I put on a small short at eod today with a stop at 1215, I dont think were going to 1100 right away but I will exit this one if we get into the 1180's. I dont buy this rally enough to jump on board.

 

[tortoise]

ammo, is that a head and shoulders on the globex 15 min?

if so, we could be in for a tumble

 

[ammo]

that fat yellow line is the res line connecting july 09 and july 10 lows and we hit it as a bounce in the dropping right shoulder of the larger hns(chart from yesterday) ,monday's pump on the euro rumor,to buy 1 and sell 2 into that rally to get short for the next leg down,need to play politics here for a day or 5 so they can short/unload more euro (ppt and the banks) or we just drop

 

[ammo]

red neckline of hns comes in at that 1080 nip area,maybe 1070,overthinking has me believing the dec 5 italian reworked economic plan date for the imf will hold us up here for a few days

 

[tortoise]

Quote from ammo:

red neckline of hns comes in at that 1080 nip area,maybe 1070,overthinking has me believing the dec 5 italian reworked economic plan date for the imf will hold us up here for a few days

but on the 15 min?

 

[macho grande]

Quote from zjulian104:

I'ld say the odds are greater of shorts being trapped toggling to test lower. Beware of a strong close long on a higher timeframe. No lower than a three hour chart here. If you insist, consult a four hour. A retest of a false breakout or duck-under, even on a scale of minutia won't be tolerated. The first sign of weakness either way is king of the mountain for a day and a half. If longs throw money in a crevice between bars, news highs. If they don't, sideways action until someone does. The trickery a week prior to this passed Sunday night action backfired.

If for any reason English isn't what you're understanding reading me or you're not adaptable in your trading lingo, make it an issue, and I'll custom-fit my language to yours and make a power-point presentation. Because that's how important you are to me and evidence of how much free time I own.

Really.

julian = haha

 

[ammo]

Quote from tortoise:

but on the 15 min?

that sort of confirms the buy 1 sell 2 into the rally theory,it's distribution

 

[ammo]

es 15

 

[ammo]

daily widest nearest nip is the 1184-86,need to break that for any move,longer timeframe trumps shorter timeframe s/r

 

[tortoise]

Quote from ammo:

daily widest nearest nip is the 1184-86,need to break that for any move,longer timeframe trumps shorter timeframe s/r

or...maybe it's a bullish wolfe wave?