ES Journal - 2012

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Quote from gmst:

NQ is super strong today, even es is holding fort even when Euro is going to gutter.

Exited my overnight position at 1406.

Now long 1406 and added at 1407. Will add at 1404 if we get there, stop around 1400.

Added 1406.5, average price 1406.5

stop 1403.5 and 1401.

EDIT: Reduce 1406.5, price is not showing sufficient strength to break to upside, still upside bias seems to be the correct position. So reducing position to 2 cars from 3. Same average price 1406.5 and stops at 1404.5 and 1403.5.
 
Yesterday's close rejected three times now...Still not clear (to me) where this one's going.

Snapped up pretty fast when we made new lows though and NQ is still in the green. Not the best scenario for a short.

EDIT: Save a new failure at the current highs, this now looks like a day for the longs.
 
Quote from gmst:

Added 1406.5, average price 1406.5

stop 1403.5 and 1401.

EDIT: Reduce 1406.5, price is not showing sufficient strength to break to upside, still upside bias seems to be the correct position. So reducing position to 2 cars from 3. Same average price 1406.5 and stops at 1404.5 and 1403.5.

Signal all clear. Adding 1409.75

EDIT: Don't feel confident...price is stalling, so instead of waiting to get a bigger profit, I will book whatever I can and wait. So out of all position at 1409.5

Approximately +3 points on this trade. Trading was tough since it was never very clear to me what is going on.
 
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