ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from ammo:

thnx guys for your trading examples ,sold 68 and covered @ 50,would normally have chopped in and out 20 times,i never catch 18 points

It is difficult to catch all of the little bitty swings in the ES--too choppy, too many head fakes. These days, trying to get anything less than 8 points just isn't worth it. An 8 point target means a 4 point stop, and in this environment, anything less is just waiting to get picked off.

If you can catch 18 points two or three times a month, that's a living, and a good one at that.

 

[Jayford]

Quote from apex82:

for anyone curious.. my first target is in the 1760's

Hell of a trade there Apex.

 

[Jayford]

Quote from Allen3:

Anybody else having major problems with ET going down or is it just me.

JIM

yep, here also, but I only check it about once per half hour or so at the most.

 

[apex82]

buy stop 1353.25

 

[apex82]

Quote from apex82:

buy stop 1353.25

filled

stop placed at 1350.75

target 1360

risky trade to take during lunch

 

[apex82]

Quote from apex82:

filled

stop placed at 1350.75

target 1360

risky trade to take during lunch

closing out now for a 2 tick loss

If it doesnt work for me within a couple seconds... I always bail immediately

 

[smilingsynic]

25 point move down, 10 point rise from bottom.

Trend is down.

56.75 minus 25 is 31.75, which happens to be right at current support on 60 minute charts.

Weak lunchtime rally suggests afternoon weakness.

No positions in ES until I can see more clearly.

 

[apex82]

Quote from smilingsynic:

25 point move down, 10 point rise from bottom.

Trend is down.

56.25 minus 25 is 31.25, which happens to be right at current support on 60 minute charts.

Weak lunchtime rally suggests afternoon weakness.

No positions in ES until I can see more clearly.

looking for 1330 as well

 

[apex82]

just filled short on the er2 break of the 15 min bar fill at 702

stop placed above the high minimum 5:1RR

 

[Spooz Top]

support level here for bulls....30 min channel @ 48/50......
if we are able to trade down to the 30 level today.. & takeout yesterdays lo...then you can say goodbye to the bullside for a while as that would be one hell of an outside day & major victory for bears/sellers.

straight up & straight down is how we roll now with the bots.