ES Journal Archive (2006 - 2008)

mbusch · Dec 10, 2007

Quote from brotherben:

would, expect, and probably

I don't make predictions. I trade what I see.

EDIT: Bouncing off expected resistance at 1506.50 (yesterday's close), watching to see how far we retrace. If we retrace enough, I might add to the short.

Jaxon · Dec 10, 2007

well done! (nice trade)

brotherben · Dec 10, 2007

yes or no is good when u finally get it right.....trend is friend.

mbusch · Dec 10, 2007

Quote from mbusch:

Bouncing off expected resistance at 1506.50 (yesterday's close), watching to see how far we retrace. If we retrace enough, I might add to the short.

Adding to short here at 1510.75 after 61.8% retracement. Hopefully lower from here.

EDIT: Wrong. Stopped out for -1 on add-on and BE on original runner. Too bad.

Net gain on trade was +2.75. Not what I hoped for.

EDIT: Watching for selling to come in at 1515 (earlier swing high) for another possible short entry.

apex82 · Dec 10, 2007

getting annoyed with them making the moves in AH..... now I have to sit on hands... waiting to get long in oil...

avarus · Dec 10, 2007

1525 approaching. Premeditated about 6 moves back.

mbusch · Dec 10, 2007

Quote from mbusch:

Watching for selling to come in at 1515 (earlier swing high) for another possible short entry.

Didn't happen. We sliced through the 1515.25 level like a hot knife through butter. Now not interested in shorts until we get above 1520. I'm going to take a break and make myself some breakfast. (It's 7:15 on the left coast.)

avarus · Dec 10, 2007

Now when you get short up there remember 1477. A while back I mentioned that if short worked out I was holding to 1477, if not 1525. If 1525 short works hold until 1477. If then else. You have to have these things written down all planned out, organized, premeditated just like the big boyz.

avarus · Dec 10, 2007

They are highly organized, thus highly predictable. Don't agonize, Organize!

mbusch · Dec 10, 2007

Quote from avarus:

Now when you get short up there remember 1477. A while back I mentioned that if short worked out I was holding to 1477, if not 1525. If 1525 short works hold until 1477. If then else. You have to have these things written down all planned out, organized, premeditated just like the big boyz.

1525 would be the ultimate sell, but I'm not sure we're going to get there today. Kinda looks like we are running out of steam.