ES Journal Archive (2011)

Good Morning Traders!

 

if 11-14 holds then 90 % chance we print 30-40


open gap from last friday on cash is a start

 

reduced at 15.25


stop staying trailed

 

notice we got a 9 point retrace from high


the unknown is will we get just that or closer to 11 or will it be 10 from 22



50% is ~1313.5 on 5 day


flexibility is key

 

SHORT 1318.25

Stop 1320

Target New Lows.

Weak Number, downtrend, pop off open. We should see some weakness, if not, im getting out.

 

plan on going long 1307.00

 

Took two tics. Getting a feel for the market right now. I realized the pop off the open was quite large and I feel there actually could be some upside.

9:44: bleh.. conflicted signals. my 10 min looks down, shorter time frames look strong up. staying on the sidlines till major move.

 

I'm scaled into the long from 15.25. Will add at 11.25, 12.25, 13.25 if we get there stop will be around 08 on everything

 

reaction from shitty economic numbers revearsed at the pivot.

 

Dow/YM Really weak.