ES Journal - 2012

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Quote from gmst:

Short 1409

What`s your target?

I`m holding a short from 07,75, but I`m holding my stop at breakeven.

We`re consolidating here and I think we`ll make a new push down eventually, possibly after taking out my stop on a retrace.
 
Quote from Laissez Faire:

What`s your target?

I`m holding a short from 07,75, but I`m holding my stop at breakeven.

We`re consolidating here and I think we`ll make a new push down eventually, possibly after taking out my stop on a retrace.

Hi around 1401, my stop is wide at 1415
 
Quote from gmst:

Hi around 1401, my stop is wide at 1415

Cool.

So you`re willing to take a 6 point loss from here? Does it not make sense to at least lock in a point? :)

I scratched my short inside the consolidation as I was sure we were bottoming out. Stalking a new entry now. Still think there`s down side potential.
 
Quote from Laissez Faire:

Cool.

So you`re willing to take a 6 point loss from here? Does it not make sense to at least lock in a point? :)

I scratched my short inside the consolidation as I was sure we were bottoming out. Stalking a new entry now. Still think there`s down side potential.

small stops have caused me way too much bleeding :)

btw, I got influenced (one should never get influenced lol) and closed my trade at 1404. I will reenter at 1406 if we get there.
 
Quote from gmst:

small stops have caused me way too much bleeding :)

btw, I got influenced (one should never get influenced lol) and closed my trade at 1404. I will reenter at 1406 if we get there.

Having a trade traveling 11 point against you from a 5 point profit to a 6 point loss surely is not a small stop? Assuming day trading here. Good trade!

Double bottom here. Low volume. Not so sure about the short side here personally, to be honest. Will eat dinner and see if something funny materializes afterwards.
 
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