ES Journal Archive (2006 - 2008)

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Quote from RsX:

Moving stop to breakeven + 1 tick (1369.75).
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Stopped out for +0.25pts for that one as well, at 8:30 - the SECOND trade in a row to be stopped out 1 TICK before the high and before a several point turnaround. In fact, 1370.00 most likely marks today's RTH high, like 1371.50 marks the globex high for today - I was stopped out at 1369.75 and before that 1371.25, respectively. With humor - that's a skill I'd like to have conciously.. only something like in reverse - for my entries :)

Currently ES has gone about 15pts from that 1370.00 level. Well, good theory, sucky practice.

Thinking to myself that the risk management was perhaps too agressive on these trades, considering that I got in right at the very first bounce back from 1370 area and some further consolidation due to the rather strong multi-day uptrend was to be expected.. But have to analyze this a bit deeper and research more similar situations like this from the past. Should keep the stop above the highs the next time, would probably yield better results.

Hopefully some of you guys were able to nail this 1370 short better than I was and if so, then hopefully you're still short at least some of the position:)
 
Quote from RsX:

Thinking to myself that the risk management was perhaps too agressive on these trades, considering that I got in right at the very first bounce back from 1370 area and some further consolidation due to the rather strong multi-day uptrend was to be expected.. But have to analyze this a bit deeper and research more similar situations like this from the past. Should keep the stop above the highs the next time, would probably yield better results.
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Unfortuantely, I think we are all right there with you. I try to keep my initial stop out of the noise, but when I move to BE it can be in the noise and get stopped out.

What I've been working on lately is incorporating into my data (if I don't get stopped out initially) how far did my position go against me before I moved to BE. That way I can with more data over time hopefully get better entries and thus avoid moving to BE since my entries will be that much better.
 
Quote from JSSPMK:

1/3 +9 and Long 1355.25 off 1 triple D + 2,3,5

Scaled out +2

if No BO resulting in triple failure swing will reverse for Short

TY Vertigo!

1/3 +4.75 Short 1360
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Scaled out +2
 
this little rally started on 2/7 at 1312 low and went to 71 hi, fibs on thos h/l are 57.5-23.6%,48.75-38.2%,42.25-50%, i think if tommorow wasn't expiry, we'ld have blown thry these already
 
Quote from jagmot:

Long here 1354.50, on a weak retest. If we dont see a quick bounce I will be exiting. 2pt stop 10pt target

Edit: Ok exactly what I was looking for. Stop to BE

Edit: Taking most of my profits here +4.5. Leaving 1 runner for the final target. The market looks like it is stalling and heading lower.
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Last runner stopped out at BE

Re-entering trade (full size) on another weak test
1353.25
stop 2 pts
target 10pts
 
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