ES Journal Archive (2006 - 2008)

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Quote from apex82:

everything starting to come together.....

have limit sells on the nq starting at 1870-1875
then another set from 1895-1900

On the es have limit sells from 1375-1385

these trades are not for the faint of heart... Higher level timeframe and jumping in front of a freight train


Quote from apex82:

Here is the visual of the nq trade..... I will make my monthly goal on this trade alone....

Too bad the es didnt get up 4 points higher or else I would be short 50 of those as well... Had to get in a bit later with reduced size due to extra risk
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alright guys.... the market gave me one hell of a gift. covering 50 contracts of 100 here at 1770

+100pts= 100k on 50

still short 50, stop moved to BE and looking to cover another quarter in the 1750-60's and holding last quarter for new lows below 1700 :)
 
That's one hell of a trade.

wtg



Quote from apex82:

Quote from apex82:

everything starting to come together.....

have limit sells on the nq starting at 1870-1875
then another set from 1895-1900

On the es have limit sells from 1375-1385

these trades are not for the faint of heart... Higher level timeframe and jumping in front of a freight train




alright guys.... the market gave me one hell of a gift. covering 50 contracts of 100 here at 1770

+100pts= 100k on 50

still short 50, stop moved to BE and looking to cover another quarter in the 1750-60's and holding last quarter for new lows below 1700 :)
More...
 
I wanted to do the same, actually 11.50 but pulled my order. 4 tick spread at the time. Too much potential slippage for my taste. Strange since we've got decent volume and on Sunday last week we had tight spreads.

Perhaps I'm just finding reasons to not take the trade. :D

Quote from apex82:

buying the es here at 1310.50


very small size

7pt stop

30pt target
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Quote from pkts:

I wanted to do the same, actually 11.50 but pulled my order. 4 tick spread at the time. Too much potential slippage for my taste. Strange since we've got decent volume and on Sunday last week we had tight spreads.

Perhaps I'm just finding reasons to not take the trade. :D
More...

its a scary trade.. but I have found they usually work out best. I try to trade the opposite of 95% of other traders. AH can be a different story because you dont always have the big boys to back you up though. Its all odds and probabilities to me...

I will be looking to sell some at 1320 to hedge off my position a bit and play a countertrend short if it can get up there.
 
We seem to have a similar approach, though you seem quite a few steps ahead of me. I'm still refining how big my stops should be (taking volatility into account). All my buddies give me hell because I trade so differently to them. I usually only put on 1-2 trades on a day (if that) and frequently go for a walk once I'm in a position. Only feel comfortable if I'm going counter-trend. If everyone agrees with me, I get worried.

Looks like the trade is working out nicely so far. Did you get filled at 10.50? How many cars? Just curious since it hit a low of 10.25 and the time and sales I have are spotty. Its always better to get an idea on fills from actual market participants.

Good trading!

Quote from apex82:

its a scary trade.. but I have found they usually work out best. I try to trade the opposite of 95% of other traders. AH can be a different story because you dont always have the big boys to back you up though. Its all odds and probabilities to me...

I will be looking to sell some at 1320 to hedge off my position a bit and play a countertrend short if it can get up there.
More...
 
Quote from pkts:

We seem to have a similar approach, though you seem quite a few steps ahead of me. I'm still refining how big my stops should be (taking volatility into account). All my buddies give me hell because I trade so differently to them. I usually only put on 1-2 trades on a day (if that) and frequently go for a walk once I'm in a position. Only feel comfortable if I'm going counter-trend. If everyone agrees with me, I get worried.

Looks like the trade is working out nicely so far. Did you get filled at 10.50? How many cars? Just curious since it hit a low of 10.25 and the time and sales I have are spotty. Its always better to get an idea on fills from actual market participants.

Good trading!
More...

You gotta do what you feel comfortable with... I give you props if you can walk away during a trade. I am usually glued to the screen, I cant get away even though I know it would be beneficial at times.

I got 5 filled at 10.50 and another 5 at 11, waited for price to rebound a bit. I usually place a MIT order just so I dont miss a fill which usually ends up in a tick of slippage.

Trade is working out pretty well, however I added a small piece short at 20 mit order and adding on again a bit higher to hedge off my long. Still think we need a retest of the lows.
 
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