ES Journal - 2012

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Quote from Laissez Faire:

Any takers on the direction from here? Is the higher time frame charts appearing a little bearish?

If the 55-60 zone does not hold one more time, then watch out below?

Daily has looked horrid since 1st May's massive headfake.
 
this is not a 6E journal but I just covered the remaining of my 6E position that was short from 1.32. I guess that helps ease the pain but not liking this long much now.

we'll see what happens, we pretty much kissed the support from the longer term 240 min channel I have been tracking. if there is a good place to go long this would be it. i just wish i did not revenge trade my early short cover on friday.
 

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For the first time in a long time, I`m excited about this week`s trading and where we open tomorrow in RTH.

It may just be one of those weeks in the market. :)
 
Quote from Laissez Faire:

For the first time in a long time, I`m excited about this week`s trading and where we open tomorrow in RTH.

It may just be one of those weeks in the market. :)

Lol, I wish I could say the same. Maybe I'll get saved by the ppt but I am not counting on it.
 
Quote from mastacoli71:

add 43.5, avg long 60.5

Mr Mastacoli, if ammo were trading long with your numbers he would have ditched and taken the loss.

Hope you have a very nice size account for margin calls if there is no big improvement from 4800 plus.

Could be a very nasty ETH

Good luck.:mad:
 
Quote from Macho:

Mr Mastacoli, if ammo were trading long with your numbers he would have ditched and taken the loss.

Hope you have a very nice size account for margin calls if there is no big improvement from 4800 plus.

Could be a very nasty ETH

Good luck.:mad:

Not being smug with this answer but if I was worried about margin calls I would not be adding to my current long. Believe me I am not happy about the current loss but this is how I trade. :mad:
 
I sold 1365 weekly calls against my long position over the weekend in fear of something like this happening (i don't do it very often) so that is helping along with my 6E position I was short. Still it sucks but it is how I manage risk.
 
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