ES Journal Archive (2006 - 2008)

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1291.50 is beginning to solidify itself more as the recent reaction low. I would still like to a push upwards from here (1309 or 1310) to help clarify that. Market is certainly not off to the races to the upside, but it is not off to the races downside either. For now, I will be exiting my long position MOC and then will reenter Sunday Night. Still using 1262.50 as my line in the sand for now. We need more confirm of 1291.50 as support. :)

Note: I began selling call premium way out of the money today.
 
Journal to date results:

103 trades

52 winners 51 losers 50.48 %

Total profit including commissions=
$41,389.43


The bulk of my losing trades have been of the day trading variety as I am sure most of you know. The positional trades have been much more effective for me. When I took the 11,000 header in day trading recently, that was when I decided to limit my trading in ES to positional trading with perhaps an eye on the 60 minute chart to intitiate longer term plays. --Just a clarification if it is needed. :)
 
1291.50 is solidifying itself further here as the recent reaction low. For now, I wil still use 1262.5 as my reaction area until I get some better confirm .
 
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