ES Journal - 2012

[lucky lucille]

time to pay the piper! (thats me )

 

[ammo]

spy fat open int is 125

 

[lucky lucille]

Coming on lunch time...let this drift lower..please

 

[lucky lucille]

ES84.50S

 

[gmst]

Quote from JoshDance:

out 85.25, at least I pulled some profit, not comfortable with this trade at all.

yes, very confusing price action. Definitely not an outright bull case. Price finding it hard to get into and stay into yesterday's range. 10 min ago reversal at 86 means we are going to form a triangle or we will go lower from here.

i am more inclined that we go lower from here.

Edit: Short 84 aiming for 80 with a stop at 86.25 should offer a good R:R trade

 

[lucky lucille]

i really hope this falls hard right here! 81 here a gift

 

[JoshDance]

dammit, 83.25 bid not touched after drop to 83, just wait I guess. arg

 

[JoshDance]

83.50 bid

 

[lucky lucille]

ES85S

cost basis 84.50

 

[JoshDance]

Quote from gmst:

with a stop at 86.25 should offer a good R:R trade

It's a bitch sometimes ain't it .. :-\ 86.25 is one tick above yesterday's close, yesterday's VAL, and 86.25 is the initial balance high for the day... stop not safe there, but we never know these things for sure until after the fact.