ES Journal - 2012

[Lespaulr0cker]

L 64.00

 

[sttrader]

Quote from sttrader:

Taking remaining 20% off at 62.5

If we can somehow get below 63 and hold, we'll see a pullback. 'Powers to be' might not let it happen.

 

[HurricaneUS]

Quote from sttrader:

If we can somehow get below 63 and hold, we'll see a pullback. 'Powers to be' might not let it happen.

where was your stop on that trade?

 

[Lespaulr0cker]

reversed at 62.00 for -2.00

 

[bigsnack]

Quote from Lespaulr0cker:

reversed at 62.00 for -2.00

It looks rangy to me man, be careful on reversing your position. The last thing you want to do is count on a trend and sell support and buy resistance!

 

[JoshDance]

spx key level again, 70.58

 

[fishing]

Quote from bigsnack:

It looks rangy to me man, be careful on reversing your position. The last thing you want to do is count on a trend and sell support and buy resistance!

good advice especially on friday when not many want to trade

 

[sttrader]

Quote from HurricaneUS:

where was your stop on that trade?

Stop was at 65, was looking at a bigger drop but saw the support (manipulation) coming in so decided to take last two off at 62.5. Could see it test highs before we see more downside if 63 holds but never know. FOMC next week. 63 area key today.


Off topic, looks like austerity coming sooner or later thanks to actions of FRB.
http://www.zerohedge.com/news/us-budget-deficit-hits-all-time-high-february

 

[Lespaulr0cker]

Quote from bigsnack:

It looks rangy to me man, be careful on reversing your position. The last thing you want to do is count on a trend and sell support and buy resistance!

Thanks BS, the stop hunting is in effect that's for sure.

 

[JoshDance]

SIM sold 1 @ 63.25, will add 1 @ 65.00