ES Journal - 2012

[trickshot]

Quote from mastacoli71:

good call LF. I am seriously kicking myself right now.

I know its easy to say this in hindsight but revenge trading does not usually turn out well for most...

 

[mastacoli71]

Quote from trickshot:

I know its easy to say this in hindsight but revenge trading does not usually turn out well for most...

yes, agree. the trades i am taking right are marginal and i am doing them somewhat out of spite. this will be the day the market closes down 30 pts cause i am doing this.

 

[mastacoli71]

Quote from mastacoli71:

yes, agree. the trades i am taking right are marginal and i am doing them somewhat out of spite. this will be the day the market closes down 30 pts cause i am doing this.

although at reduced size on the longs it still gets me heated. with that said, heading to gym to blow off some steam. catch u guys later.

 

[ammo]

need to hold the 66 wide nip from earlier 72 68 66 chart,dvol uvol showing trend day, may get a 11-12 30 cst bounce,odds are lower

 

[Laissez Faire]

One way trend days are rare in ES. So far this is one?

 

[trickshot]

L66. 5 pt stop.

1370 (SPX) = 2011 highs = the point we broke out of in March. Should not punch thru this that easily.

Edit: Reduced stop to 2.5 points, 5 pt stop is too risky for this trade.

 

[thesniper]

sub 20 VIX = no fear and 100% complacency. There is no fear right now, we are just getting started.

 

[ammo]

a 4/1 or 6/1 ratio is a lot easier to hold than a 10/1 or greater,those tend to reverse more often then the lower ratios

 

[thesniper]

This selloff is the end of sarkozy.

 

[trickshot]

Quote from trickshot:

L66. 5 pt stop.

1370 (SPX) = 2011 highs = the point we broke out of in March. Should not punch thru this that easily.

Edit: Reduced stop to 2.5 points, 5 pt stop is too risky for this trade.

Out for 1 point, crappy trade that I should not have taken. Risk/reward is too poor.