ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Looking for a bit of a pullback here so that I can get a new reactiion low and trail the stop up. I will then look to add on additional strength. If not, the entire position will be stopped out for loss. Breakeven is in the noise. A stop cannot be placed there. --at least not yet.
 
Quote from wave:

I can see how one can still be short with a position with stop above 1408 or use sellstop to get back onto the short side?
More...

I cancelled my protective buy stop when I went long. My profit on the short position taken yesterday afternoon was 2.5 points per contract. It almost made it to 6 points but did not.
 
All positions closed MOC at 1404.75.

From 1401.00, 1402.25 and 1402.75

I like my stop outside the noise--it keeps me in the trade. Had I gone to breakeven, I would have been stopped out of a profitable trade. :)
 
B1 do you remember I asked you before regarding BRDs during a bull market? I don't quite remember what you replied, sorry, but it's pretty obvious that BRDs do not offer usual amount of points before market turns into an upside gear. If it was a sideways market, then this yet another 3 BRD would have offered a lot more points than a petty 7. Is that a reasonable conclusion? I remember checking intraday divergences and during a trend day mostly divergences that coincided with trend's direction turned out to be reliable enough.
 
Quote from Buy1Sell2:

My profit on the short position taken yesterday afternoon was 2.5 points per contract. It almost made it to 6 points but did not.
More...


:confused:


Weren't you short at 1404.5 and we hit 1398 this morning ?
 
Quote from volente_00:

:confused:


Weren't you short at 1404.5 and we hit 1398 this morning ?
More...

I apologize. Yesterday I was short at 1403.50. I must have had fat fingers when I typed it. Sorry. (wish it would have been 1404.50, but in the interest of honesty, it wasn't--it was an incorrect post).
 
Quote from wave:

So your stop remained @ or under 1398?

ty
More...

initially it was under 1398, then trailed under 1400.50, then trailed under 1402.25 and then exited MOC.
 
Status
Not open for further replies.
Back
Top