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  1. M

    ES Journal Archive (2006 - 2008)

    Short from 1414.25 in AH. Closed at 1404.25 for (rule of) +10 Exit was a little premature, as bottom turned out to be 1400.25. Looks like tommymoose had it nailed in his calculations an hour and a half before it happened...nice job!
  2. M

    ES Journal Archive (2006 - 2008)

    For anyone not already short, promising entry point right here at about 1415. EDIT: Looking to retest the March low at 1391.25, about 23 points down from here. If that low is taken out, we could be looking at another 100 points down. EDIT: CNBC... "Dow Ends Below 13,000 on Credit...
  3. M

    ES Journal Archive (2006 - 2008)

    Cool chart, B! Hadn't looked at my P&F for awhile.
  4. M

    ES Journal Archive (2006 - 2008)

    Nnt yet confirmed by any means, but I just went short at 1420.00 with a 5-point stop, just as a flyer. The R/R just seemed to good to pass up. I suspect we could have a bloodbath in the AH
  5. M

    ES Journal Archive (2006 - 2008)

    This penetration of the 24-22 zone could be the real deal, in which case it's look out below. I'm watching the 15min chart for confirmation/non-confirmation. With this volatility, the bar ranges are large so confirmation will require a significant move one way or the other. EDIT: A pitched...
  6. M

    ES Journal Archive (2006 - 2008)

    Reluctantly closed out my longs at 1436, for +5 and +4.5. My profit target of 1447.75 was missed by 1.25 points, and I convinced myself that there would be another leg up (which there wasn't). This morning was opportunity lost for me: I entered late and then failed to exit at the top. Not...
  7. M

    ES Journal Archive (2006 - 2008)

    This suggests another leg up, but the momentum has clearly dropped way off so it may be time to trail stops aggressively.
  8. M

    ES Journal Archive (2006 - 2008)

    And there they are! :) PT1 is 1447.75 for +16.75. Will hold half for higher. Is it my imagination, or did we just blow right past the pivot without stopping for breath?
  9. M

    ES Journal Archive (2006 - 2008)

    Okay, you're forgiven. :)
  10. M

    ES Journal Archive (2006 - 2008)

    At every party, there's a pooper. :D Seriously, you're right of course. We are quite likely to go lower before this is done. I sold almost all my equity holdings in my pension plan before all this fun began, and I'm in no hurry to buy them back just yet. But today -- maybe even the rest...
  11. M

    ES Journal Archive (2006 - 2008)

    Yipes, I *never* lower a stop. Why does almost everyone (save Apex) think that being stopped out is a bad thing. Seems to me more often than not it's a good thing because it lets you recover from a mistake (or a bad guess) for just chump change...at least if you use 3- to 6-tick stops the way I...
  12. M

    ES Journal Archive (2006 - 2008)

    Add-on stopped out for -1.5. EDIT: Re-entered add-on long from 1431.50, 6-tick stop. That was a textbook 50% pullback from 41; let's just hope it has run its course and we can resume our regular programming here.
  13. M

    ES Journal Archive (2006 - 2008)

    Damn, it was sure hard getting long. Finally got filled at 1431.00 on the little pullback, missing out on the first 6 points or so. Last paint is 41 for +10 so far, so my desperation measure were necessary, even if not pretty. :mad: Will look to add on long at next pullback. EDIT: Adding...
  14. M

    ES Journal Archive (2006 - 2008)

    So far, looks like make. Up 4 points(from 1425 to 1429) in the last 10 minutes. And I haven't had a chance to enter! :(
  15. M

    ES Journal Archive (2006 - 2008)

    Set stop to breakeven prior to hitting the sack. Awoke to find myself stopped out at breakeven at 7:00am ET when price retested last night's low of 1424.50 and actually got 3 ticks lower before rebounding. I guess this means I get to watch the price action in the 1424-1422 support zone during...
  16. M

    ES Journal Archive (2006 - 2008)

    At 02:41am ET, filled long from 1425.25 w/6-point stop. Going to bed...not staying up for the 3am fireworks...que sera sera. See y'all in the morning. Good trading.
  17. M

    ES Journal Archive (2006 - 2008)

    'Nother quick scalp in AH: Short 1428.25 at 00:46am ET. Covered 1425.75 for +2.5 at 2am ET. Wow, someone just moved a block of 500 contracts at 1425.00 at 2:09am ET! Pretty unusual size for AH. Dollars to doughnuts we're headed still lower... EDIT: Sure enough. At 02:16am ET, finally...
  18. M

    ES Journal Archive (2006 - 2008)

  19. M

    ES Journal Archive (2006 - 2008)

    Yeah, I saw that (and I'm sure you meant 1425.00). Might well have been a bluff, but I didn't think it was worth hanging on for two more ticks to find out. As it happens, 1425.50 remains the low, at least for now. I'm on the sidelines unless we get above 1428.
  20. M

    ES Journal Archive (2006 - 2008)

    Carried short from 1433.25 into AH, closed out at 11:55pm ET at 1425.75 for +7.5, for a total of +17.5 on this downmove so far. May re-enter short higher in AH after retracement for one more trade (provided I'm still awake, which at this point seems questionable...yawn).
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