ES Journal Archive (2011)

mastacoli71 · Dec 5, 2011

lunch time trading is mostly pure shop. not worth the risk imo.

gmst · Dec 5, 2011

long 1265, target 1271, stop 1260

Edit: Will tighten the stop later.

tortoise · Dec 5, 2011

Quote from gmst:

long 1265, target 1271, stop 1260

Edit: Will tighten the stop later.

i think you definitely have the right idea here. But why 1271? Why not go for the gapfill at 1278?

JoshDance · Dec 5, 2011

I am discarding my profiles after I mark up my charts on Sunday now, so I don't know why, but I have 75 marked as interesting, next 83-85.

mastacoli71 · Dec 5, 2011

if we hold above this 1266 which i think is really strong resistance, i will look for long setup and a target of 70.75

tortoise · Dec 5, 2011

Quote from JoshDance:

I am discarding my profiles after I mark up my charts on Sunday now, so I don't know why, but I have 75 marked as interesting, next 83-85.

75 is the 11/8 high

macho grande · Dec 5, 2011

Bought 64.75

gmst · Dec 5, 2011

Quote from tortoise:

i think you definitely have the right idea here. But why 1271? Why not go for the gapfill at 1278?

Good Question!! we closed around 44 on Friday, target of 71 would be 27 points - enough range for 1 day, I guess. Given the way we have traded in such a tight range today during RTH hours, I am sceptical that price will reach 78 today itself (it might reach there tomorrow), but definitely worth thinking about moving my target up a bit. Thanks for your suggestion.

tortoise · Dec 5, 2011

Quote from gmst:

Good Question!! we closed around 44 on Friday, target of 71 would be 27 points - enough range for 1 day, I guess. Given the way we have traded in such a tight range today during RTH hours, I am sceptical that price will reach 78 today itself (it might reach there tomorrow), but definitely worth thinking about moving my target up a bit. Thanks for your suggestion.

looks like the gapfill is at 75.25 ... my bad

tortoise · Dec 5, 2011

Quote from tortoise:

looks like the gapfill is at 75.25 ... my bad

i don't think we're going to get there this week ...

1) dax is not playing along

2) cyclical resistance

3) these unfilled gaps below are becoming a joke.

4) it would not be unreasonable to see, at least, this morning's gap filled before we arc higher into the heavens

5) but wtf do i know?