ES Journal Archive (2006 - 2008)

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Quote from apex82:

JSSPMK you said something about having trouble yesterday... its only part of the game. If people were trading your system yesterday they would give up and try a new indicator etc.. a pro knows that he has an edge and that the market is going to give him a punch every now and then. Nice trade as well...
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TY for encouraging words Apex, it always helps to go away and come back to review EOD chart with a clear mindset, which I have done and realised that there were some errors on my part as well as other things.
 
setting up for a nice low risk short here at 1349.50 on the 5 min if we can get there.

edit: ok got it. target low 40s with initial stop just above 52

missed my stop by one tick (lucky?)
selling 1/3 here at 1346.50 and moving stop to BE
stopped out on remaining 2/3 at 1349 (3pt trailing stop)
 
were setting up for that DT I mentioned a couple hours ago....

no point in fading this impuslive move to the upside until it shows that it wants to turn... would prefer to take out the stops above the highs..


watch the 15min for clues
 
filled short here at 1348

not crazy about this trade due to the size of stop and it being lunchtime... I may bale on this one

stop is at 1353


closing out here for a couple ticks

just feels like a sucker trade... I can always get back in
 
Quote from apex82:

filled short here at 1348

not crazy about this trade due to the size of stop and it being lunchtime... I may bale on this one

stop is at 1353


closing out here for a couple ticks

just feels like a sucker trade... I can always get back in
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I was glad I was on the same side of the trade :)
just got stopped out though. I will be looking at 1351.50 as a better entry. Hope I don't miss it.
 
Quote from jagmot:

I was glad I was on the same side of the trade :)
just got stopped out though. I will be looking at 1351.50 as a better entry. Hope I don't miss it.
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its tough here... markets are at resistance but they could still move quite a bit higher before getting hit for the big leg down.
 
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