ES Journal Archive (2006 - 2008)

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Quote from apex82:

out at 1427.75-1428 on first half... stop moved to BE

+5.75

letting this baby run as far as it can go.... 1435-1440?
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classic case of correct anaylsis but miss the move..... went to bed place my stop at BE my anaylsis pointed for an explosion but they came back and tested the level while I was sleeping only to launch off without me....
 
Quote from Sponger:

Hey Apex82.....

Still holding short on the Euro....that was one beautiful confluence trade!

Quote from apex82:
now looking to short euro here 1.4844 up to 1.4853 for a big move to the downside.
stop will be placed at 1.4860
filled short at euro at 1.4843
out first target 1.4825
placing be stop and hitting the sack. leaving targets way below the market.

Nov. 28 (Bloomberg) edited down -- The euro fell by the most in two weeks against the dollar as a decline in German consumer confidence weakened the case for higher interest rates in the single-currency region.

The euro fell as much as 0.7 percent to $1.4724 per dollar, its biggest decline since Nov. 12, and traded at $1.4747 as of 10 a.m. in London, from $1.4829 in New York yesterday. The single currency rose to an all-time high of $1.4967 on Nov. 23.

The euro's decline accelerated after it dropped below $1.4775, a level at which traders had orders to sell, said Shigetake Nakayama, a manager on the proprietary-trading desk in London at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest publicly traded lender. Traders sometimes place automatic instructions to limit losses in case their bets go the wrong way.
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thx man I managed to get short within the 20 ticks from the exact high last week... amazing trade so far. Looks like it still has quite a bit further to go. These other trades have just been add ons.
 
Quote from apex82:

classic case of correct anaylsis but miss the move..... went to bed place my stop at BE my anaylsis pointed for an explosion but they came back and tested the level while I was sleeping only to launch off without me....
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I used to do the same, then I figured out that my trailing stop formula had to be just as good or better than my entry method.
B1S2 dropped gold mines on this.
 
So many ways, in Wycoff terms that breakout above 1421-22 was a jump over creek then back to ice @ 1422. Classic Wyckoff pattern. Resistance becomes support yada yada all the same.
 
Quote from avarus:

3rd deviation move. Expect pullback.
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3-sigma moves can continue at 3-sigma for quite a while. Big moves typically oscillate between 1-sigma and 3-sigma as they progress.
 
Quote from atticus:

Sold the XLF Dec 30C [2:1, calls:spot] to effect the synth straddle against my long from 28.72. Effective credit of $3.23, marked to 3.13 fairval.
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Out at 2.26; +97 ticks.
 
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