ES Journal Archive (2006 - 2008)

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Quote from riaamaan:

Short NQ 1940
SL = 1942.5
PT = 1935

Stop moved to 1941
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We think alike. My first stop was at 42.50... right behind that 800 lot ask. Then lowered to 41 after we cleared 39. I'm Short from 40.50 looking for lower than 35 though.
 
Quote from tommymoose:

We think alike. My first stop was at 42.50... right behind that 800 lot ask. Then lowered to 41. I'm Short from 40.50 looking for lower than 35 though.
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I concur with the possibilities. There's a nice bearish wedge on my chart, but the trend I watch is still up. The conflict causes me to be very cautious and take what the market gives and do it quickly.
 
Quote from riaamaan:

I concur with the possibilities. There's a nice bearish wedge on my chart, but the trend I watch is still up. The conflict causes me to be very cautious and take what the market gives and do it quickly.
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Definitely not a bad way to treat this market. If I followed the "take what I can get" style I would be up a decent amount today. However I took a few small losses and BE trades since I promised myself after doing a pretty lengthy analysis last night that I would treat each short trade as if it could be the medium-term top. If I were to get inconsistent and take profits now I risk losing the big move I had planned on going for. I need to look into getting 2 accounts or something to trade the different time frames I think.

BTW nice trade. Stop still at 41... now to 40... now 38.25
 
Quote from tommymoose:

Definitely not a bad way to treat this market. If I followed the "take what I can get" style I would be up a decent amount today. However I took a few small losses and BE trades since I promised myself after doing a pretty lengthy analysis last night that I would treat each short trade as if it could be the medium-term top. If I were to get inconsistent and take profits now I risk losing the big move I had planned on going for. I need to look into getting 2 accounts or something to trade the different time frames I think.

BTW nice trade. Stop still at 41... now to 40... now 38.25
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Thanks for the props, but you deserve them too. You have planned your trade and are trading your plan.
 
Stopped at 38.25 for +2.25 points. Will look to re-enter when I see the stop-run on ES... that damn 1405-1407 level is a magnet holding this market up.

wow thats annoying stopped by 2 ticks... this is the fucking waterfall move I was hoping for. :mad:
 
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