ES Journal Archive (2006 - 2008)

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Just took a peek at the 3 minute chart and it has a huge bearish divergence. I am looking at the 12 and 60 for the divergence that I will trade.
 
short here at 1323.00. The histogram is getting small like I like--12 minute chart--stop is above high of day at 1328.50. In addition, we have a second lower RSI peak and we are crossing back out of OB territory. One unit at this time.
 
Quote from Buy1Sell2:

short here at 1323.00. The histogram is getting small like I like--12 minute chart--stop is above high of day at 1328.50. In addition, we have a second lower RSI peak and we are crossing back out of OB territory. One unit at this time.
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i would love to see 2 day gap closed today with a sharp sell off
 
Quote from Buy1Sell2:

short here at 1323.00. The histogram is getting small like I like--12 minute chart--stop is above high of day at 1328.50. In addition, we have a second lower RSI peak and we are crossing back out of OB territory. One unit at this time.
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Do you have a target for your cover? Or are you going to hold this one if it doesnt reach 1328.50.
 
Quote from sosa1974:

Do you have a target for your cover? Or are you going to hold this one if it doesnt reach 1328.50.
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I am going to let it stop me out and then I will be back with 2 units on the next probe. No target in mind, but would like to at least get 10 points.
 
Quote from sosa1974:

Do you have a target for your cover? Or are you going to hold this one if it doesnt reach 1328.50.
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If I were to tell you that I enjoy getting stopped out, would that sound crazy to you?
 
It's quite obvious that I jumped on to this short today too early. I didn't let the pattern quite develop. This is why intraday, I use stops and start with a small position and then add. It's because I am able to admit to myself that I am not always right, but at some point, I will be.
 
Quote from Buy1Sell2:

It's quite obvious that I jumped on to this short today too early. I didn't let the pattern quite develop. This is why intraday, I use stops and start with a small position and then add. It's because I am able to admit to myself that I am not always right, but at some point, I will be.
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Thanks, I was wondering what your thought process was here. I jumped on ym long as hedge and plan on making an add to my ES short. Just waiting for pullback though.
 
I have added a second short here at 1327.00 and moved the stop on both units to 1330.50--successive lower RSI peak on 12 minute chart. I also liked the open and closing of that bar being at the same end quite a bit. By the way, I ignored the double bottom RSI long signal at 1323.50. This occurred after my intial short. I am paying the price for ignoring that as you can see.
 
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