ES Journal Archive (2006 - 2008)

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I've sold all Sep Longs at an average price of 1257.72. I have initiated 5 units short in Sept at 1257.75. I will update journal for profit loss later today.
 
Quote from polpolik:

how long do you hold positions when you position trade?
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This postional covered @ 1250. Gain of 20 points total. This trade started Thursday and ended today. Flat now.
 
Quote from romik:

5 min RSI & HIST, would you think that would be classed as catching a falling knife?

EDIT: 10 minute. sorry
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Probably with the longer frames so bearish. However, if stops are used properly or if you are not overextended , it still could work out. I believe the key to winning is not to ever lose too much at a time as it relates to portfolio.
 
There is a BLD brewing on 15 minute chart , but with the longer frames bearish, you would need to trade it carefully. Still could be traded of course. Just have to be prepared to get out etc.
 
Quote from Buy1Sell2:

I've sold all Sep Longs at an average price of 1257.72. I have initiated 5 units short in Sept at 1257.75. I will update journal for profit loss later today.
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Excuse me but what was the exact reasoning to short at this point - Thanks

Best Helmut
 
Don't get me wrong here-- I am bearish long term (weekly charts) and I am bullish on the daily charts. Why am I short then in the short term account? I saw an opportunity on the 240 minute chart and will be looking to cover and go long when that reverses.
 
Quote from hpeganz:

Excuse me but what was the exact reasoning to short at this point - Thanks

Best Helmut
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Technicals on the hourly chart were reinforced by the 240 minute chart.
 
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