ES Journal Archive (2006 - 2008)

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ST, Globex closed until Sunday night after the close today.

Everyone else, just ignore dmartin, he just lurks here until he finds an opportunity to criticize, he seems to live for just that.
 
Quote from maxni:

JSSPMK:

Can you possibly post a chart when you've a spare moment?

Thanks.
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There you are mate :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1846038>
 

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Quote from smilingsynic:

Mental stops are fine if one has the discipline to use them.

Apparently, B1S2 saw that the market action around 1343 was not indicative of a continued rise, so he overrode the stop.
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Here is chart of gold since the beginning of the year. The move looks familiar as I got caught in a trend change when gold had one if its first givebacks around 650. I was following a shorter time frame and got burned badly. Stop placement is a difficult subject, if volatility is going up then contracts should be reduced and stops widened but you can get killed on range expansion days. This chart also shows that markets go down faster than up.
 

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