insyte journal may2011

holding es short from 1343.50 for overnight trade. S/L at 1349.50. Target 1338.50. one contract.
will take profit on nq @2412 if and when touched.
s/l triggered at 1345 for ES (-5pts.) and 2400 (-7.5pts) for nq. flat now.
feeling like a slow mo waterfall
tricky to trade on the long side today. momentum is with the bears. usd is surging, commodities being wiped out, not risking any trade in this environment as we could easily have a flashy crashy day today where technical supports will mean nothing
when es goes over 1340, it can target 1346. but at this time, no trade. though db in place, and most of the chop between 1335-1340.
support in place at 1333-35 area. now for move over 1340.
buying @1340.25 when touched. 1st Target 1343.5. 2nd target 1346. if trade triggered s/l @1333. (stop and reverse)
there's a short trade too. sell when 1134.25 touched witth 1131.5 as target. Stop and reverse @1340 if short trigerred.Again, 3 point target to 1343.
short trigerred for a 3 point profit o/n. flat now.
no trade yet, but liking the action in the very active ES so far.
or by at 1344.5 to tgt 1347.5