ES Journal - 2012

[bigsnack]

Quote from tortoise:

...to mismanage.

LOL. Sorry to hear man, that has to burn a bit, especially when you were clearly right about direction.

You should have done what any sensible person would do....revenge traded this thing short all morning to a plundering loss.

 

[ammo]

mini hns for the scalpers ,if plays out could see 75 quickly

 

[Macho]

Quote from HurricaneUS:

I think he's saying he will add at 78

Correct. My bad typo. Did not notice it. Taking some "heat" too at 7800.

 

[tortoise]

Quote from bigsnack:

LOL. Sorry to hear man, that has to burn a bit, especially when you were clearly right about direction.

You should have done what any sensible person would do....revenge traded this thing short all morning to a plundering loss.

LOL. Oh have I been there....

 

[volente_00]

Quote from tortoise:

...to mismanage.

Is this happening type of stop out happening often ?


Perhaps you need a wider stop but I love the r:r you had on the trade.

 

[volente_00]

last add 81.25


avg ~ 78.25


target is 63.5-66.5

stop 84.5



Perhaps my analysis is wrong but I still think we reverse around here

 

[sttrader]

Think the line in the sand will be the 81-81.5 area. If we hold above, we're going for that gapfill (last week's). Hold below and we'll see a pullback.

 

[bigsnack]

Quote from sttrader:

Think the line in the sand will be the 81-81.5 area. If we hold above, we're going for that gapfill (last week's). Hold below and we'll see a pullback.

This is also a 10 pt. move from the low at 71.50's, so it's probably due for a breather now.

 

[ammo]

Quote from ammo:

add 78.75..might be forming right shoulder

add 81.5, offer 2.5 ...83.5

 

[tortoise]

Quote from volente_00:

Is this happening type of stop out happening often ?


Perhaps you need a wider stop but I love the r:r you had on the trade.

Well, what's really wince-inducing is that I thought I'd placed my stop at 58.25. So it was a trading error.

No, it doesn't happen often anymore. In fact, I can't remember the last time it happened.

And look! We're one tick from my exit!

What a doozy