ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

If we close above Friday's high, I will be adding long today

I think it might be a false breakout, and you can get in at a better price latter in the session, I haven't seen prices just blow-up (with no retracement) like this very often.

JJ

edit: right, you're talking EOD and I'm thinking intra-day ... I see why you don't day-trade anymore.
 
OFFTOPIC
-------------

I could have started a separate thread for this, but you guys are the only ones I care about, LOL

Every quarter I investigate brokerages and get quotes. Last week I clicked on an ET banner for DirectFills, which I never heard of.

They sound good... here's highlites

* IB for Man Financial
* 5K min acct opening
* No daily or monthly trade quota
* 50% intraday margins
* $1 commish + fees for minis =
3.32 RT all-in for ES
2.84 RT all-in for YM
8.00 RT all-in for pits.

Will demo platform later this week.

This is not a recommendation, just posting what I think is a solid deal. FWIW, I communicated with Ryan Fox.

Play what you see,
Osorico :) [not affiliated in any way with DirectFills, Man Financial or any other party]
 
Quote from apex82:

stopped out at BE Total trade yielded couple points profit now currently flat... This is looking more and more like a wash out move. due to option expiry. I may reenter long at some point but probably not. If anything this market should have down pressure unless it can get above 1400.50.

wash out as expected due to option expiry....... bastards.... would be taking prof1 here at 1415 for a 16 point gain on a 2 pt stop...
 
Quote from Sponger:

Still a good call on the direction Apex82 - you were out completely on Friday EOD?

yep and now short at 1415.50 with a 1 pt stop to get em back

looking for 1410 for prof 1 1405 for prof2 and then letting my runners go to 1400 or lower with a trail stop.

They will probably try to pop it up one more time. Therefore if I am stopped out I may reenter if its just a washout move to exhaustion. If we get a confirmed breakout we most likely get a move up to 1428-1431 over the week where I will be reentering short.
 
Quote from apex82:

yep and now short at 1415.50 with a 1 pt stop to get em back

looking for 1410 for prof 1 1405 for prof2 and then letting my runners go to 1400 or lower with a trail stop.

They will probably try to pop it up one more time. Therefore if I am stopped out I may reenter if its just a washout move to exhaustion. If we get a confirmed breakout we most likely get a move up to 1428-1431 over the week where I will be reentering short.

Today is my birthday... this trade would be a nice present from the markets.
 
I was pissed about that as well -- I held my spincter tight and held over the weekend. It payed off for once !!

Flat as of now. We could get a frenzy of buying and retrace much further this week IMO.

Quote from apex82:

wash out as expected due to option expiry....... bastards.... would be taking prof1 here at 1415 for a 16 point gain on a 2 pt stop...
 
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