ES Journal Archive (2006 - 2008)

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Quote from startraitor:

Thanks. This stop was just below support that was became more valid after the 10:30 close and more importanly below the next retracement level at 90 level. That being said I actively manage stops and pt's based on pa and position size that I do not necisarally post but let me posted entry and pt's stand for journal integrity purposes.


Based on pa from yestrday's low I have a larger upside target of 933, may look for shorts there.
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TY! I still don't understand reasoning as to me 888 falls within the noise of most time frames, sorry for being stupid :)

Very nice trade so far btw
 
Quote from kinggyppo:

long spy 89.90 will hold for swing trade, no stop currently.
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taking this off 92.05 could get a 60 minute breakout with unfilled gap at 93.50 on spy. Good trading.
 
Quote from kinggyppo:

taking this off 92.05 could get a 60 minute breakout with unfilled gap at 93.50 on spy. Good trading.
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When you said you didn't have a stop, where would have been your 'puke point?' :)
 
Quote from gobar:

possible H&S on 1 min chart

any one can confirm that?

thanks
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920 was the next resistance on SPX, H&S is basically a failure swing, so yes I agree, p/a confirms

Orthodox t/a studies state that a higher time frame is to be used as a filter of the chart that you are trading, choice is multiple one on the other hand, so you never really know whether H&S (failure swings) will provide sufficient reward, but all things considered ImPO it is prudent to put faith in bearish failure swings, as investors are still very nervous, so you will not be the only one seeing it. But, there is always a but :)
 
yesterdays nip 921/22, so far res, then gap to 51 with nip above at 962,cleavage above that at 968-970, usd/jpy has downtrend line near 97.70,break that and we could rally,so far flip flop in uvol/dvol keeps this a scalp day
 
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