ES Journal - 2012

covered both @ 2698

Edit: Short again @ 2696.25

we are going lower

 

Pivot point at 37 and a 7,25 point down swing here. Good bounce point. Trend is still down though, so a long would be counter trend.

Waiting.

 

turned out to be a bad trade

waiting since it seems we again resume downward direction within 10 mins or so

stop at 2705

EDIT: Covered one at 97.75 (-1.5), filled short again at 99 (1.25 pt better price)

 

spy 4 64 74

 

hmmm, probably it was a turn around....hedged with long ES @ 38.5

Bidding NQ at 2700 and 2699.5

EDIT: out of all shorts, now long ES from 38.5

 

Clearing 40-41 now and I`m sure the bottom is in.

40 being the overnight low zone and 40,75 being the current 50% level. One scenario for the long side is that we find support here, but we could of course push down and test the lows again before heading higher.

Third scenario is that the 50% level at 40,75 was a great re-entry for a short and we slide lower. Biased towards the long side today.

 

looks eerily similar to yesterday...

 

bidding 39 for a long position stop 38.50

 

short 40
stop 45
target 33

 

sorry stop 37.50