ES Journal Archive (2006 - 2008)

[wave]

it's getting ready to go kaboom!

 

[saxon22]

Quote from saxon22:

Long 1 c at 1560

added another at 1559 and another at 1558. and another at 1557.

4 c at the av.of 1558.5. Loking for 1 pt. for each contract

Got it, plus 4 for this trade, up 14 pt for the day. That is it for me for today.

 

[2006]

Flat @ 59.00. Went long small @ 59.00 as well.

Didn't get my new low o well. Pretty much done for the day. Taking it easy from here on.

 

[JSSPMK]

Quote from JSSPMK:

IMO lower prices today, before any upside

+9 on 2 lots and +25 on 3rd (DAX) sell signal in ES (0.5 heat)

 

[apex82]

Do I smell something frying?

shorties...

 

[wave]

Gotta get enough folks long again before the next kaboom.

 

[mbusch]

S 1560.75
BS 1561.50 (3 ticks)
PT 1555 (5.75 points)

Hoping this 3-tick stop works better than my last one. <sigh>

 

[wave]

Any short stops below 1565 likely to get picked off. Buy1Sell2, he knows , he showed, up to you to follow.

 

[Spectre2007]

notice how the stops were picked off on the otherside of the OR, typical move.

 

[mbusch]

Quote from wave:

Any short stops below 1565 likely to get picked off. Buy1Sell2, he knows , he showed, up to you to follow.

Different trading style. No way I'm going to trade with a 5-point stop. The purpose of a close stop is precisely to be picked off if you misjudged the turn, so you can regroup and re-enter at a better price.

It all depends on whether you consider being stopped out as a bad thing or a good thing, and that depends on what trading style you adopt.