ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Just saying HELLO! And wanted to post this ES daily with basic Speed Lines used as trend lines. You can clearly see the make or break area. Recent history suggests it bounces, hard and fast off of these "scary" trendline breaks.

Good trading to all
Osorico :)
 

Attachments

1510 is "MINIMUM!" target I believe we have much much lower prices ahead of us.... I am still heavily shortand will wait for another low risk entry.
 
was anticipating this break on durable goods thursday.

don't let these breaks scare you. I will be adding longs on thursday morning, durable goods in the theme of recent reports should come in weak.

1480 on cash is expected, will break the recent lows around 1494 marginally on sep futures.

the discounts won't last, and the markt will be bid back up for august nonfarm payrolls.
 
Starting to scale into long position here

L 1520.75
TP 1529.50

Not sure how I got the bottom tick here in after hours, but I definitely don't mind. Would have preferred to buy around 1516 but was on the plane. Have additional orders to buy at 1516.00 and 1510.50 and 1502.00
 
Vol begets vol, so I'll assume we won't see an inside day tomorrow. I'll be tempted to sell a 1475 SPX lookback-put or buy the no touch on a trade to 1514.00 basis ES.
 
Quote from Spectre2007:

jag are you treating the position as a buy n hold?, with little or no stop?
More...

Position trading as I can't be in front of the screen most of the time for the next two weeks as I am traveling. If 1490 is broken I will be stopped out.
 
I keep an eye on this filter for longs.

A move of this magnitude implies that the 1490 stops get blown out. The market just killed the breakout position traders, that went long on the recent breakout to 1567.

Now its going to kill the middle of the range knife catchers. When a move breaks through day to day volatility parameters, a test of the other end of the range is implied.
 

Attachments

Status
Not open for further replies.
Back
Top