ES Journal Archive (2006 - 2008)

....possible downside break out from ascending triangle in downtrend .... 2 hour chart
...will see if volume comfirms it or not....

 

GAP OPEN from 8/31/07 (discount rate cut sponsored vault higher).

During 8/31/07 session prices partially filled gap with swing low print of 1467.75

Gap remains open to 8/30/07 4:00pm close of 1460.75

But there was a late afternoon swing high (8/30/07) to 1464.50 near 3:27pm.

focus of gap is 1467.75 to 1464.50

 

5 min revearsal bar and serious test of 1 min trend line on ym. Long 2 at 13284 wtih stop below lows. More aggressive trade here.

 

5 min revearsal bar and serious test of 1 min trend line on ym. Long 2 at 13284 wtih stop below lows. More aggressive trade here.

 

nice observation...looking at the same zone 66/68 but i do not expect a closing of that gap but bullish overtones till the fomc in walk up fashion as per usual....my 2 cents fwiw..

 

Covered 2 at 13000

 

starting their march a bit earlier than i anticipated...long but looking for more...

 

sld longs here at 76.25 & .50

 

definitely going long if we hit 77.50

 

I have exited this position at 1478 for 6 points and reversed my position at 1478.25. Stop at 1480.50, target lod.

Edit1: (1:31pmEST) taking a profit here at 1474 and letting one contract ride with trailing stop.