ES Journal - 2012

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Quote from Handle123:

I took a longer term position today off the dailies, using a 10.00pt stop.
If market makes new highs or it isn't a good amount down near the close, I will buy some call options for a hedge.

I will take off half position if it gets to 1423.75, currently have stops are 1463.50, did not buy any options for hedge.
 
Quote from Handle123:

Short 1452.25

R 2

TP 4/8

market hit the stops and new highs for day and now work lower to close?

Plus 4/7

At 13:15 CDT, I divide the day session range in half, whichever half price is, more times than not can expect new highs/lows on day, if it been choppy day can expect the stops to be hit at highs/lows then drift into lower/higher prices. If been trending up all day, usually see continued higher price till bout 14:20 when I expect a reverse for 20-30 minutes, then strong close till NYSE closes so that system traders will get worst price at close.
 
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