ES Journal Archive (2006 - 2008)

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Quote from apex82:

im short cme as well stop above the high

8:1 RR

taking out half of the cme short for 6:1

market is holding support

stop moves to breakeven... next target for half is around 500

I forgot what it was like to trade that beast...

trading a 1000 shares is a lot more then it used to be a couple years ago
 
Quote from Buy1Sell2:

There is a potential bounce here on very short term charts. I see no reason though at the moment, to cover my short positions. Holding Full position short here plus the 3 swing trade contracts that were made. :)

Bingo
 
I have placed a buy stop order to cover my 3 swing trades above 1349. This will lock in 54 points on 2 contracts (108 total) and about 5 on the third contract. I will continue to hold the larger positional short.
 
I have moved my buy stop on the positional short from the 1440's to around 1410. (Mental stop at the moment) This will ensure a profit in excess of 75 points on the larger positional short.:)
 
Quote from Buy1Sell2:

I have moved my buy stop on the positional short from the 1440's to around 1410. (Mental stop at the moment) This will ensure a profit in excess of 75 points on the larger positional short.:)


What was wrong with 250 points of profit on it 2 weeks ago ?


:)
 
Quote from volente_00:

What was wrong with 250 points of profit on it 2 weeks ago ?


:)

I never concern myself with what the unrealized gains are. I only have interest in what the potential losses could be. I never press the refresh button to see what my account liquidation total is. I only want to know what my loss could be. Therefore, I stay in trades looking for the homeruns. I prefer a larger move than 250. If I don't get it, then I still have knocked off a decent chunk. When the daily chart tells me to get out , then I will. Not before, unless stopped out.:)
 
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