ES Journal - 2012

reduce 74,5, trans not pulling back

 

seoul, I am

and partial on 68.5 s premarket

 

Thanks for comment Josh!

ES was very strong till that little pullback from 1278 to 1276. I was thinking about waiting for a deeper pullback, and in normal days would have waited for it, but given tomorrow's payroll numbers, I figured if they are really expecting a big number tomorrow, ES will not have any significant retraces at all today. So, better enter at 76 rather than miss the bus completely waiting for the pullback.

I could be wrong though and it will hurt with 2 contracts

 

spx nip for the week so far 77.5-76.5

 

Oh ok, Was kinda confused at where you were short from. That 77.50 was a good entry

 

Will consider a sell at 76 if the stars align, looking for a reverse to buy around 71.

 

1274L

 

please die ES/NQ, immediately. bonds closed ready for a TURN.

 

Sell order 77.50

 

My guess is that we close at the highs...and that this will be a nasty little setup for tomorrow's pre-market numbers.

But it's just a guess.