ES Journal Archive (2006 - 2008)

[mbusch]

1519 is a 38.2% fib retracement of the downmove from the 10/31 swing high at 1558.75 to the 11/5 low at 1494.25

The 50% retracement point would 1526.50.

The 61.8% retracement point would be 1534, which looks like a strong resistance level.

 

[apex82]

closing out more here at 1520 on the retest

one piece left for the homerun up to 1525 trailing stop up to 1517.50 locking in a good chunk of profit

 

[mbusch]

Quote from apex82:

closing out more here at 1520 on the retest

one piece left for the homerun up to 1525 trailing stop up to 1517.50 locking in a good chunk of profit

I'm magenta with envy.

 

[elovemer]

...... why you closing ?
... this looks like the take-off point....
...cup with handle... launch pad...
...edit.....yep... launch pad

Quote from apex82:
closing out more here at 1520 on the retest
one piece left for the homerun up to 1525 trailing stop up to 1517.50 locking in a good chunk of profit

 

[avarus]

Ahh come on, hold it all the way 1547.

Rocket fuel is good stuff.

 

[elovemer]

..... avarus... you rockin' this thread....
..... in a good way....

Quote from avarus:
Ahh come on, hold it all the way 1547.
Rocket fuel is good stuff.

 

[apex82]

Quote from elovemer:

...... why you closing ?
... this looks like the take-off point....
...cup with handle... launch pad...

Because it wasnt a longer term trade.. just let this one run because I saw oppurtunity... I am still a student of the markets and the psychology of holding a very large position while way past your intended target.

I hear ya on the launching pad so this last unit I am holding for 1530 area.

 

[avarus]

Quote from elovemer:

..... avarus... you rockin' this thread....
..... in a good way....

your not so bad yourself there buddy all the best.

Edit: There is lots of experience in this thread. You all know who you are.

 

[mbusch]

Quote from apex82:

closing out more here at 1520 on the retest

one piece left for the homerun up to 1525 trailing stop up to 1517.50 locking in a good chunk of profit

There's 1525! Damn, when you're hot, you're hot!

So...down from here?

 

[elovemer]

..... can't relate.... still small fries here....
... nice trade though....

Quote from apex82:
psychology of holding a very large position while way past your intended target.