ES Journal Archive (2006 - 2008)

Looking to short at 68-70. May have missed my opportunity at 67

 

67.00 was 50% of globex range and just over the a.m. RTH high. Good turning point IMHO.

 

I have not found the proper place to go long yet for a positional trade. --Watching the weekly and daily closely. --

 

could be a mistake, but long at 61

 

It was, reversed at 59.25

 

... another way to look at it is they pushed their 12-2 lunch reversal schedule up 30 min to ...
1130-130....

 

Buy1Sell2,

What do you make of the $IUX (Russell 2000) weekly close trend lines?

 

Sold at 66.50 because that was where the stops were (AM high) and because it was a low risk entry. What is worst that can happen? It consolidates, goes higher, and then your stop is hit. The best case scenario? Goes to this morning's low and, considering the gap down, even takes that out.

 

just got back....looks like i should`ve stuck around for that 65/66 sell off the 40% fib from yesterday swing hi to LOD........took a long lunch & massage instead.

 

Nice entry. I got in a little lower (63.50) due to bad timing and general slow-wittedness ( ). Took some at 57.50 (swing -10.00), stop moved to 62.75 (open+1t). Ultimate target is 50.50 or EOD.