ES Journal - 2012

[gmst]

Quote from Laissez Faire:

You may be right. I`m not leveraged to the hilt on this one, but I think we're due for at least a retrace.

nice trade LF

 

[Laissez Faire]

Flat at 16 for a point.

Thanks, gmst. Good entry, but I should have been more nimble with my exit as per my original plan. Good luck on yours!

 

[ammo]

Quote from ammo:

short 15 75...add 17 25 ...add 18

looking for 13-12,maybe should have taken 14

 

[Pita]

Quote from Laissez Faire:

Change of heart. Miscalculated a level.

Stop @ 16,00. Will hold it there and see if I can get a runner.

good trade however should have sticked with your plan exit target. (in hindsight of course). Anyway no reason to complain taking some off I guess

 

[Laissez Faire]

Quote from Pita:

good trade however should have sticked with your plan exit target. (in hindsight of course). Anyway no reason to complain taking some off I guess

Yeah, I tend to get greedy. At least I took some off.

I`m short again @ 16,50. Stop @ 18,50. Targeting the gap below by the close.

 

[ammo]

Quote from Laissez Faire:

Not a bullish sign when Friday's low were repeatedly rejected on NQ.

Order pending at 1414 for my short, but will get back in short for the gap at 1408 if I get another signal. I just need to work with smaller profit targets and not continue giving back open profits like I did last week.

Smaller swings, reduced volatility = reduced profit targets.

That's reality.

good observation along with your previous swings statement

 

[Pita]

Quote from Laissez Faire:

Yeah, I tend to get greedy. At least I took some off.

I`m short again @ 16,50. Stop @ 18,50. Targeting the gap below by the close.

I'll short 15.75 on stop but only for 4 ticks, market unclear to me now

 

[Laissez Faire]

Quote from Pita:

I'll short 15.75 on stop but only for 4 ticks, market unclear to me now

15 is the day's 50% retracement level. Found support here at the first touch. Considered a scalp exit on my short, but I think I will see if it breaks first.

Should see the day low if we do, I think.

 

[Pita]

Quote from Laissez Faire:

15 is the day's 50% retracement level. Found support here at the first touch. Considered a scalp exit on my short, but I think I will see if it breaks first.

Should see the day low if we do, I think.

agree anyway out + 1 tick too slow for my taste

 

[Pita]

Quote from Pita:

agree anyway out + 1 tick too slow for my taste

but sell again on stop 14.75 and 14.25 for 6 ticks each