ES Journal - 2012

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Quote from Spectre2007:

1396 is the closest outliers ... in trending market pick outliers that have been traversed. On first touch I have buy stops above 1396 and sell stops below 1396. 1414 is next level.. buy stops above and sell stops below. Stop loss on entries is tight two ticks.

If entry is stopped out another order with same parameters placed.
 
Quote from gmst:

i chickened out and closed at b/e overnight.

Good risk management since I should be flat before NFP, but obviously bad trade. Short would have been +4 points by now.

Well, risk management won hands down over speculation before NFP.

My ass got saved. LOL. I will remember this lesson for a long time :)
 
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