ES Journal Archive (2006 - 2008)

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Quote from apex82:

You guys need to shut up and trade. There are many ways to skin a cat, each to his own. Just took out profit target 1 here at 796.50 for 8pts per contract. $16k. Holding second unit short with BE stop looking for 793-794. Initial position was a 1pt stop.

...Updated Chart...
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Minimum projected target was hit this morning in the globex session in the 793 area. Out 100% of position for a 10.5 pt gain(1,500) per contract. Risk Reward on trade was 1:10.5

791.50-793 is pretty good support Expect it to hold here and move back up to the 796-797 area. That will be the key zone of the day. Any confirmed breakout above that area the odds suggest a move to retest yesterdays highs. All indices are lining up for a range expansion day that coincides with the option expiration tendency. Only nuance is that there was a 3 day weekend and most of the important data comes out tomorrow. All in all, be prepared for a decent move, but it may come tomorrow.

All right I will shutup and post ES only from now on. I just wanted to follow up on the trade.
 
Quote from 4re:

Wow, I have been pretty busy lately and I guess this news passed me by.

We are getting snow and sleet today so I am going to be spending some time watching the market. You know how us Texans are with snow and winter weather. :)
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half of you stay inside to save your lives, the other half go out to have fun on the slippery roads.
 
Quote from brightstone:

half of you stay inside to save your lives, the other half go out to have fun on the slippery roads.
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LOL...you know us Texans alright.
 
BTW, if anyone is following my 'flipping' & wondering what the heck is going on, the answer would be this. At the moment I am going to stick to yesterday's trade I started based on range of 1441.50-1440.50, so I am ignoring 200SMA at the moment, therefore last 2 trades I shouldn't have taken, unfortunately I can't erase them :)

So at the moment short 1439.25, though should have been 1440.75
 
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