ES Journal Archive (2006 - 2008)

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Quote from Mins:

Can i ask why you are risking 4pts on 1st contract for a 1pt gain, and risking 3pts on 2nd contract for a 2pt gain.

Sorry, only asking to undertsand your strategy. Does this trade have a very very high probability of working? Is that the reason why your risk to reward ratio is as stated?

Thanks
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Because it has worked for me before.
 
selling pressure everytime market tries to move up. short at 33 sl 40...

edit: close at end of day

1518 targe on cash. short term. works out to 1529.00 on seps.
 
Quote from Spooz Top:

looking for an outside day today to dictate a short term trend reverse.....32.50 is the tuesday lo & if taken out by at least a point,it should tip us off as to direction over the next couple of days.
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so far so good.......HOD@ 40.75.......LOD@ 31.25..........looking for selling pressure from here on out & looking to put on shorts only intraday....looking for 30 then 25.
 
lunch time. In for 2 contracts. Changed the target to 1533.50. Screw this, let me get that $100. Too much down pressure in the market. Be back at 1, need to eat.

Callme nuts,I added 2 more long at 1531
 
Rule of 10?
High was 1540.75, low print has been 1530.50

Multiple potential supports for some sort of lift:

1530.25 is S2 for today,

1531.00 is .272 extension down (of Tuesday's RTH range)

1530.00 is .382 retracement of 6/20/07 high to 6/26/07 low (RTH 9:30am to 4:15pm)

BUT i need to see $vix.x reverse and undercut 1 minute trendline.
 
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