ES Journal - 2012

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Quote from Buy1Sell2:

10-27-12 01:34 PM

--Short 2 Dec at 1409.25. Initial stop is 1464.00. Will be long there if stopped. (10/27/12)
--Stop lowered to 1437.00. Will be long when buy stop is hit as I lower it through this trade(Fri 11/09/12).

Another good education on how to give back 60 pts or more unrealized profits...
 
The question becomes will we hold above the break in DT. Stop placement zones 1396.. 1384..

We are 60 points above the low and 60 points from recent high. With political snafu's the volatility could bring us to hit those stops 1396 to 1383-4 zones. The move to this level was on low volume. Still many more days in the month of December. If political conflict is evident we could see a break to 1340 then to 1260 that Goldman and Morgan are intimating to.

So on low volume we could continue to go higher, NFP and holiday season effect, but might have sharp breaks down and come immediately back up. So the trade would ve since trend is up buy the break to the stop zones and look for the snap up.
 
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