ES Journal Archive (2006 - 2008)

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So oil drops $2 and all is right in America again? What was so great about the Michigan #, I can't find the release anywhere? This has sucker written all over it.

Edit: I found the Michigan #, and it's worse than expected. I guess alot of people were short :D Those bastard Liquidity Providers (MM's) at work again at the CME
 
spidey, forget reasons aside from general mkt knowledge. Reasons are for talking heads. look how i missed the trade. Not focused, i blamed myself. thats how ya trade. .. :)

Friday the 13th

1353.00 give or take a couple ticks amoung friends = 50% retrace
 
Quote from jagmot:

Posting a longer term trade for the benefit of all.
Long ES (Sept) 1342, 2 contracts
Stop at 1319
First target 1369
Trailing stop assuming we hit the first target for possible retest of 1410
More...

Stop raised to 1330.
 
bighog, I agree. I find that not listening to news is actually better for me, I guess I have the sucker mentality, and consider bad news should move the market lower. Not listening to it removes my bias. I missed it because I thought we would move a bit lower before going up. I didn't even know about Michigan #.
 
Quote from tommymoose:

Long NQ 1958, stop at 1956.25, target 1967
More...

Out at the 50% retrace instead at 1963.00

TY B1S2, I know price can cascade down after a big move up so theres no need for a stop more than a tick or two past a pivot... sometimes I get caught in the chop but the R/R works itself out :)
 
06-13-08 09:18 AM

06-13-08 09:01 AM



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Quote from Buy1Sell2:

Bought Sep ES at 1350.00 5 contracts

Initial stop 1341.00
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Sell stop raised to 1341.25
Sell stop raised to 1354.25

If not stopped out, I will exit the entire trade exited .5 above today's high at 1362.25:)

Edit: Stopped out at 1354.25 for 4.25 per
 
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