ES Journal Archive (2006 - 2008)

[jagmot]

Long 1329.75 (edit 3 contracts)
Stop 1319
Holding EOD

RSI bottoms on 30m and 60m

 

[tommymoose]

SHORT! 1952.75 on NQ stop at 1953.75... holding for new lows

wedge on NQ plus capitulation volume on ES... 5-min D looking like it could shape up nicely

:edit: will consider exiting at ~1943

stop moved to 1952.00 although I hope it won't be relevant.... I could really use this win, the morning sucked

stop to 1951... it got its retrace, now it should keep going down if its gonna go.

 

[satchel]

scalping a little short on this 1

----> to 21

the buy at the bottom is what anticipating

 

[smilingsynic]

Shutting down for the week--taking family to the beach.

Two observations:

1. Ten point rise off of bottom was hit with selling. Yes, Volente, the rule of 10 works, except when it doesn't.
2. ES broke through S1 and RTH open to be hit with immediate selling.


Best of luck to all.

 

[Buy1Sell2]

Quote from optioncoach:

If the market tanks, then the short signal occurred and you are short and quote the great call. If the market rallies the short signal never occurred and you are flat and quote how you stayed out.

Hmmm....

Exactly--Coach has caught the full essence of this demonstration posting!

 

[tommymoose]

Quote from tommymoose:

SHORT! 1952.75 on NQ stop at 1953.75... holding for new lows

wedge on NQ plus capitulation volume on ES... 5-min D looking like it could shape up nicely

:edit: will consider exiting at ~1943

stop moved to 1952.00 although I hope it won't be relevant.... I could really use this win, the morning sucked

stop to 1951... it got its retrace, now it should keep going down if its gonna go.

Limit order to cover sitting at 1943.25... stop at 1949

 

[OldTrader]

Quote from satchel:

read my last post on the day, 48 <b>must</b> BO or hold up

i was pretty clear

None of your trades are clear. All you gotta say is "selling long position at 1348", if that's what you're doing. That's not what you did.

OldTrader

 

[tommymoose]

Quote from tommymoose:

Limit order to cover sitting at 1943.25... stop at 1949

OUT 1944! They made me work for that one! Stop missed by a couple ticks more than once!

R:R of 9:1 on that one

1942-1943 actually a very nice area to go long with a small stop

 

[tommymoose]

I'd really love to see 1942-43 so I could get long... ES is forcing NQ higher though... such a nice setup coupled with bullish D on the 15-min but i'ts being blown as we speak

 

[tommymoose]

Long NQ 1944 stop 1942... target ~1953

... if we can break 47.50 this trades in the bag

... I'm very unimpressed with the volume and reaction this level got.... holding the trade anyway though stop dropped a tick to 1941.75