ES Journal - 2012

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Quote from Laissez Faire:

I think I`ll pass. :)

Short 12,75. 1 point stop.

Targeting 10 and below.

EDIT: Stop @ 14,25.

Stopped. Looks like it`s game over below after all. Not surprised. Someone always have to stop a potential sell-off.
 
Quote from Laissez Faire:

Covered at 12,75.

Probably a good reversal area on this retrace, but I need to see some black ink. :)

Will probably re-short later.

back with added contract at short 14.5
 
Quote from gmst:

back with added contract at short 14.5

out of added contract at 1413 as price began to go up on volume...i know i was being trapped....but now i have been beaten by the pros:) lol

still have the original contract
 
Quote from Spectre2007:

Orderflows will be on the buyside .. MM's will kill the market to hit those stops.. Economy is improving..

So conundrum is hit the stops of the longs but bring market back up after a engineered cascade.

1350 ideal 1274 even better
 
Quote from gmst:

out of added contract at 1413 as price began to go up on volume...i know i was being trapped....but now i have been beaten by the pros:) lol

still have the original contract

out of everything at 1411.75. Flat now.

will short again around 1414.75 if we reach there.
 
Quote from gmst:

Hey lawrence, do you have some link for this - something online, not looking for Traders Almanac since its not available for free online.

Thanks for answering all my questions !!

I do my own research on seasonal bias. Have not written on this one yet. =)
 
Quote from Laissez Faire:

Can`t believe this day. I`ve had 3 1 tick stop outs for a profit, before price dropped to my target.

Someone please shoot me.

3 Mantras to improve one's ES trading:

1) Increase your stop points and targets as well.
2) Just 1 or 2 trades a day.
3) Average holding period should be more than an hour more likely more than 2 hrs for any trade.
 
Quote from Lawrence Chan:

I do my own research on seasonal bias. Have not written on this one yet. =)

ok sir, i tried my best to prod you to share something more lol

but since its proprietary for the time being, i won't bother you anymore. Thanks again!
 
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