ES Journal Archive (2006 - 2008)

[princessa]

oh, i was thinking fakeout or breakout....

 

[apex82]

alright short here at 1504.50 stop at 1505

2 tick stop

Gap close as first target

nice risk reward... they may try to push it higher one last time to get all the stops..

 

[apex82]

Quote from apex82:

alright short here at 1504.50 stop at 1505

2 tick stop

Gap close as first target

nice risk reward... they may try to push it higher one last time to get all the stops..

Stopped out.. may reenter

 

[apex82]

short again at 1504.75 2 tick stop

same targets

edit: stopped out for -1pt on the day if we pullback now then we should get the move i want

 

[mbusch]

Apex, the bulls obviously ate their Wheaties this morning. I smell a plot. I think B1S2 may be behind it.

 

[Jaxon]

Quote from apex82:


stopped out for -1pt on the day

same, but it only took me one trade. S 1513.50, SL 1514.50

You are trading with some very tight stops!

 

[princessa]

looks like we got the breakout and not the fakeout....

 

[Jaxon]

holy liquidity! :eek:

 

[wave]

Breakout or breakdown. Question is did you ignore all the nonsense and position yourself to catch the continuation of the down move or the breakout into a potential new up move. No one knows except price. Listen to it.

No worrying about bulls or bears, tick or tack, 10:30, 2:00, yada yada yada. Trap your trade so you will always be there. Let market price tell you when to rollover. It was all laid out in B1S2's journal. Some of you are doing so much mental work to figure out which way the markets are going to go and using nonsense that can't even be applied to others futures markets or stocks.

 

[mbusch]

Okay, I'm a glutton for punishment.

Short at 1507.75. Buy stop at 1509.50. Wish me luck.