ES Journal - 2013

Ammo, ,Many happy returns! May your shorts be filled!

 

covered @ 1625 for +3. Now, and reversed to long @ 1625

 

Happy bday ammo!

 

out at 26 +1....now flat.

 

added short @ 1629.5

small trendline res @ 1629.75

Total 15 ES contracts short avg 1628.5

Stops at 1632

 

Taking a short here at 29.5. Looking to cover in 1595-1600 area. Scale in higher if market pops. Gotta love the manipulation. It's been going on for years but more obvious now.

 

Looks like the best low risk short entry you can get here if that is your leaning.

 

The unrelenting bulls. A sharp selloff here would make for a nice excess high on the profile.

-burn8

 

short 30

 

I've got first resistance area at 2978 - 2979 on NQ... (just look at daily longer term) where it is now. That's one area to try the dreaded 'S' word.

Beyond that we have close to 15,200 on YM (that is higher!) and other higher areas on the cash indexes.

So this is an example of, "Do I want to try to short at the very first resistance area?"

Personally, I am sitting on my hands. (Anyway, this is how I like to trade, it works for me).

edit: I'm also watching /TF and /EMD since they are (today) below the all time highs set in last night's overnight action..