ES Journal - 2012

[ammo]

trans only 7 pts away from that 5138 ledge

 

[JoshDance]

Quote from ammo:

55 25 is the 5 day cumulative nip, see if we get there without a modern day helicopter assisted fire breathing dragon flying in to burn the shorts

That was the basis for my further short target. But seems to be a bit of a lack of selling interest this far down, so far anyway.

 

[JoshDance]

SIM short 59.00

 

[JoshDance]

Quote from JoshDance:

SIM short 59.00

out 57.50 +1.50

 

[gmst]

long 1358

 

[ammo]

59 ledge is holding and trans got to 5139, now 44 ,see what kind of bounce we get

 

[ammo]

Quote from ammo:

got zip ,short 60.5,tried to relearn scalping last few months, ended up trying to pinpoint a zone,the whole idea of the zone is to target the area not a spot,ended up missing and cost 6-7 points add 64

reduce 56.5, have to quit waiting for exact hits(55.25)

 

[gmst]

Quote from gmst:

long 1358

out 1356.25 for a 1.75 point loss.

 

[JoshDance]

Well I profited from that last series of shorts, but could have done much better by holding the initial and adding. The 62.25 short was a good one, as was the 61.50, but I reduced and should have simply held and added as I did again at 59, and my target area of 55s was hit so it would have been a nice all out. I would not still want to be short at this moment, even though it may go lower.

Of course all of this is clear in hindsight and I would feel pretty smart about exiting if it had come back to my entry and taken me out at breakeven.

 

[ammo]

euro hype is in overdrive,stronger the argument ,stronger the fade,the more they insist that you buy or sell, the larger the position they need to get out of