Wednesday 12-05-2007


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  • pt_emini
  • 5-Dec-2007 at 9:29 AM
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... post em if ya got em
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  • BruceM
  • 5-Dec-2007 at 11:27 AM
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revising first target to 84.25...
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  • pt_emini
  • 5-Dec-2007 at 11:27 AM
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ER2 not looking back... stopped out on the NQ short for a loss of -2.5
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  • pt_emini
  • 5-Dec-2007 at 11:34 AM
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might try another short here but will need to see a reversal pattern of some sort, 2T & trendline break
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  • BruceM
  • 5-Dec-2007 at 11:35 AM
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the es filled it's close gap from friday and the hour range has been doubled ( add hour range to hour high = 87.75) so IF the selling is going to come in it may happen here ..not thrilled with this position..so far
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  • pt_emini
  • 5-Dec-2007 at 11:45 AM
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buyers stepping in now, let's see if they can muster the energy for another impulse up ???

edit: ... so far a very weak attempt they got $tick up to 500 and reversed right back to zero
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  • pt_emini
  • 5-Dec-2007 at 11:49 AM
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took the 800 high tick to enter short in the NQ
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  • pt_emini
  • 5-Dec-2007 at 11:53 AM
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looking for a trendline break and ticks get below zero to confirm short
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  • BruceM
  • 5-Dec-2007 at 12:03 PM
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good trade PT...trends are tricky for me...much better with counter trend/Fading....won't like this short if we go too much above this 88.75 on this push up
quote:
Originally posted by pt_emini

target reached for the NQ, exiting Long here
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  • pt_emini
  • 5-Dec-2007 at 12:04 PM
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thanks Bruce

possible 2T in the ES now on that last attempt by the buyers

still waiting for a trendline break to confirm any downside
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  • pt_emini
  • 5-Dec-2007 at 12:11 PM
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ok there is our trendline break finally... now let's see if this is just a shallow lunch retrace or something more...

Bruce what is your target on the ES ?
I agree - you guys did a great job of a difficult situation and turned a profit at the same time.
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