ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Covered 2 short term units at 1271.00 I did not go long just yet. Need more confirmation. Total points on the the trade 34.5 pts

 

[volente_00]

Long at 1267.5.


2 point stop.

 

[volente_00]

Out half at 1268.5



Stop at BE.

 

[Buy1Sell2]

Plug was pulled a bit early, but I had at least the 12 points per contract. I am not happy with the cover since I was going to wait for a bullish divergence, but at least I did not go long without the divergence. Vol, good to hear from you--although I do not like to scale out, it may be right for your strategy though.

I would say that this quick sell off though is exactly what happens before a good bullish divergence, so we'll see if it shows itself today.

 

[romik]

Quote from Buy1Sell2:

Plug was pulled a bit early, but I had at least the 12 points per contract. I am not happy with the cover since I was going to wait for a bullish divergence, but at least I did not go long without the divergence. Vol, good to hear from you--although I do not like to scale out, it may be right for your strategy though.

I would say that this quick sell off though is exactly what happens before a good bullish divergence, so we'll see if it shows itself today.

Hi B1, on which time frame are you expecting a divergence to happen?

 

[BoyBrutus]

Quote from romik:

Hi B1, on which time frame are you expecting a divergence to happen?

Romik I think we had the LOD. Some bullish divergence here.

 

[romik]

OK B1, there has been a bullish divergence on 15 that I am considering on taking @ 1262.50 level or short @ 1258.50

 

[Buy1Sell2]

Quote from romik:

Hi B1, on which time frame are you expecting a divergence to happen?

I am watching hourly charts.

 

[Buy1Sell2]

Quote from romik:

OK B1, there has been a bullish divergence on 15 that I am considering on taking @ 1262.50 level or short @ 1258.50

I haven't seen one yet on 15 ( I've been keeping an eye on that one for an early sign)

 

[Buy1Sell2]

Let's be honest here-- I got out way too early on my short term short positions. It was still quite profitable, but a trader needs to let it run a bit better than that to cover the losing trades etc.