ES Journal Archive (2006 - 2008)

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Quote from apex82:

finally a setup... long from 1530 stop at 1528
target 1 1532.50-1533
target 2 1540
target 3 1548
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Yay, Apex is back in the saddle! And trading with uncharacteristically reckless abandon!! My goodness, a 2-point stop!!! :D

[Compare that with Spectre's earlier post with a 7-point stop!]

I went long at 12:42 EDT at 1529.75 with a 1.5-point stop (probably entered a bit earlier than I should have), and then pulled my stop up to break-even when 1532 was painted. Initial target 1537.75 for +8. Volume is very low so we might not get there today, but what the heck, with a break-even stop I'm playing with "their" money.

BTW, we had an unfilled gap between 1531.75 and 1532.50 from Monday close/Tuesday open that we filled today.
 
Short 1533.75
SL 1536.50
TP 1530.25

Risk reward just slightly above 1:1 but the odds of the trade look very much in favor to me. I ll also be moving to BE if we get to 1531.75.

(Thought I'd get filled but didn't) still have trade out there.

EDIT: Never did get trade off, moved to 1533.50. Still holding out there.
 
Quote from jagmot:

Short 1533.75
SL 1536.50
TP 1530.25

Risk reward just slightly above 1:1 but the odds of the trade look very much in favor to me. I ll also be moving to BE if we get to 1531.75.

(Thought I'd get filled but didn't) still have trade out there.

EDIT: Never did get trade off, moved to 1533.50. Still holding out there.
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Not liking the market action, out -1.5.
 
Quote from apex82:

finally a setup... long from 1530 stop at 1528

target 1 1532.50-1533

target 2 1540

target 3 1548

May get caught up on this one... not the greatest setup but is still valid.
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taking profit 2 here a bit early at 1535.50 due to low volume.

still long a 3rd unit be stop at 1530
 
Quote from mbusch:

I went long at 12:42 EDT at 1529.75 with a 1.5-point stop (probably entered a bit earlier than I should have), and then pulled my stop up to break-even when 1532 was painted. Initial target 1537.75 for +8. Volume is very low so we might not get there today, but what the heck, with a break-even stop I'm playing with "their" money.
More...

At 2:14 EDT, added to long at 1532.25 with 1-point stop on bull flag breakout.

At 2:32 EDT, raised stops on both positions to 1532.25 (+2.5 on initial position and break-even on add-on).

Profit targets presently are 1536.75 (+7) for initial position and 1539.75 (+5.5) for add-on.

If first profit target is hit and filled, I will start trailing up my stop on the add-on from it's current break-even point.

EDIT: Momentum stalling here. Raised stops to 1533.50. Lowered initial PT to 1535.75.

EDIT: Initial PT touched but not filled.
 
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