ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from optioncoach:

I would think that if your entry was based on the 60 min chart you would need a wider stop than 2 points with a daily range so far near 16 points.
More...

Not if he was getting trigger off 1 min chart
 
Quote from mbusch:

About time!

I went long at 1397.25 just before yesterday's RTH close, with a stop just below LOD (1393). Held overnight through some wild gyrations, and finally closed out on a trailing stop at 1402.75 for +5. (The trade was up +9.75 at one point but I didn't exit on rule-of-10 and was looking to exit at 1411-ish which just didn't happen (at least yet).

Now flat, tempted to scalp this chop but so far have been sitting on my hands.

60 minute chart looks very bullish, with (1) an RSI bullish grail, (2) MACD histogram bullish divergence, and (3) stochastics oversold. My perfect scenario is for ES to pop up to the 14-teens somewhere, at which point I go short for a homerun downside. The 60-min chart shows a downtrend line from 12/31 that has been touched and not violated four times and which now suggests a top of 1420 or just below. However, if we break significantly above 1420, then the prior downtrend line suggests we'll go to 1480, and that would be the short of a lifetime.
More...

Your thinking makes good sense. I just can't get excited unless we got over $1400.00 on the cash. To me it is too dangerous with $1380.00 being major support. Good trading.
 
Quote from JSSPMK:

Not if he was getting trigger off 1 min chart
More...
Bingo!

Wyckoff head-fake got me.

I'm trying once again: Long here from 1393.25 with stop below LOD. If this one stops out, I'll take a break.

EDIT: So far, so good, but with this wild volatility you never can tell.

EDIT: Up to resistance here at 97-98. If we can break through that, this could be a nice upside move.
 
Quote from mbusch:

Bingo!

Wyckoff head-fake got me.

I'm trying once again: Long here from 1393.25 with stop below LOD. If this one stops out, I'll take a break.

EDIT: So far, so good, but with this wild volatility you never can tell.
More...

Let the win/loss rate take care of the future results.

NEVER GIVE UP :)

Here is my outlook on Hang Seng if anybody's interested, I remember Riskarb used to trade it, would be nice to compare notes.

Gold/silver took off nicely after hourly divergence.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1741659>
 
Quote from mbusch:

Bingo!

Wyckoff head-fake got me.

I'm trying once again: Long here from 1393.25 with stop below LOD. If this one stops out, I'll take a break.

EDIT: So far, so good, but with this wild volatility you never can tell.

EDIT: Up to resistance here at 97-98. If we can break through that, this could be a nice upside move.
More...

Looking good here. Tried to add on on the pullback with a limit order at 1394.75 but it just missed my entry and headed north without me, so I'm still long small size.
 
Quote from kinggyppo:

Your thinking makes good sense. I just can't get excited unless we got over $1400.00 on the cash. To me it is too dangerous with $1380.00 being major support. Good trading.
More...

I cannot get excited until they take out all/most of the stops. And it looks like that's not going to happen today.

Strong move (yesterday and before) + consolidation (today) = continuation (usually).
 
Status
Not open for further replies.
Back
Top