ES Journal - 2012

[Doobs789]

Quote from Doobs789:

Going to chop around in a fairly narrow range (75-81 perhaps) until FOMC announcement, obviously. I am tempted to buy a break of 1381.75, with an immediate target of 1385, and then perhaps 1389 (less of a chance). However, if we break 1375 it would be a better sell.

Short 1375.50, got to stick to my guns

 

[Doobs789]

Quote from Doobs789:

Short 1375.50, got to stick to my guns

Got too aggressive, was targeting a quick test of the 1370 level. Should've known it would churn and burn. Standing on the sidelines until the Fed. But if I had to guess I'd say we go down after the announcement.

 

[DanS]

Shoulld make a new high for the day now

 

[sttrader]

Quote from sttrader:

Stopped. Short small at 78.5

Looking at 60.5 area as line in the sand. Covering at 62.

 

[sttrader]

Quote from sttrader:

Looking at 60.5 area as line in the sand. Covering at 62.

Flat and will watch the 60-60.5 area. Opened below and pushed back above. Bearish below and bullish above for today.

 

[EliteThink]

nearly 30 point range for es. so little confidence in the markets right now.

 

[ammo]

Quote from ammo:

reduced at the 73 5, put them back out at 80,avg 80..kudos gmst

49 bid http://www.charthub.com/images/2012/08/02/YTD_ES_3

 

[mastacoli71]

Quote from ammo:

49 bid http://www.charthub.com/images/2012/08/02/YTD_ES_3

way to hang in there ammo

 

[Pekelo]

Quote from Buy1Sell2:

buy ...to enter at 1358.00 with 2.

But seriously....

You have excellent entries, and when you are up 30 pts, I always think, "sell,sell,sell," and sure enough you manage to lose back either most or all of it...

Last time you gave back 2/3rd or the unrealized profits, this time you gave back 110% of it.

Do you see a pattern here????

 

[volente_00]

Quote from Pekelo:

But seriously....

You have excellent entries, and when you are up 30 pts, I always think, "sell,sell,sell," and sure enough you manage to lose back either most or all of it...

Last time you gave back 2/3rd or the unrealized profits, this time you gave back 110% of it.

Do you see a pattern here????

The simple fact remains that without a fixed target on the trade, this poster would be more profitable from scaling out to alleviate the consistent profit that is given back on every trade.