ES Journal Archive (2011)

beautiful market if you're a bear.
Nobody's daring to go long in this environment - me included!

 

I`m not too convinced of a sell-off at this point and that`s why I use tight stops and quickly B/E.

It is after all a T-day and the gap below is filled

 

Sold 25. Stop @ 28. Will consider reversing for a long if stopped.

Not feeling to strongly about this trade, I`ll admit it.

EDIT: Risk reduced to 2 points @ 27.

 

Lots of support there at 1120 - I'm looking to fade 28.25

Also looking to short /CL if we see $83.39

Hammertime

 

Triangular formation setting up and continuation of trend line from yesterday.

Definitely a fight going on here Could possibly see a sweet breakout to the upside from here.

 

I agree. I am also waiting until the news to see what I want to do. I think unless new home sales are decidedly up we will see more downside. If they are flat or down it will be a roller-coaster.

 

Stopped! :eek:

 

Economic release in 5 minutes. Possibly smart to wait for that before initiating any trades, no?

 

/buys ES 1127.5
stop 1111
target 1145

 

Long @ 32. Stop @ 30. Targeting 1140 and beyond.