ES Journal Archive (2006 - 2008)

[Pholeuon]

Now they are "pissing beer out" - getting from overbought teritory from wedge. Pivot bellow us, plans are probably turn up on it. If pivot will be significantly broken I think we will go down at minimum to 30.

 

[candles]

Quote from candles:

short here 1349.3 (spx) 4 point stop

1345.3 for 4 points profit

 

[RsX]

Position reached +9.75pts, raising stop to 1341.75, or -1.25pts. Following the 60/30-min charts on this trade due to the larger target. 60min looks promising, but not convicing enough until we close a bar above the same 1350-1351 area. That's why I prefer to give it some room now and keep my stop at a place where the market will certainly void my plan.

 

[Bigpipn]

Swimming in a sea of pips from that bounce from S1 on U/J.
Big pipn spendin da g's we going big pip n on MACDs.

Ok, not really MACD crosses.

 

[mbusch]

Quote from mbusch:

Unusually pretty setup. Short from 1350.50.

EDIT: Stop moved to breakeven.

Crap! Lovely entry, blew the exit. Stopped out for breakeven. Greed strikes again. :eek:

 

[Pholeuon]

We turned up on Pivot. I believe it is safe lift stop - if 45will be broken down than will be high probably 40 as well.

Quote from RsX:

Position reached +9.75pts, raising stop to 1341.75, or -1.25pts. Following the 60/30-min charts on this trade due to the larger target. 60min looks promising, but not convicing enough until we close a bar above the same 1350-1351 area. That's why I prefer to give it some room now and keep my stop at a place where the market will certainly void my plan.

 

[ammo]

this thing wil not rollover until dj transports turn

 

[ammo]

what firm has the deal where u can trade on the chart, and what is there price on rts, anybody

 

[RsX]

Quote from Pholeuon:

We turned up on Pivot. I believe it is safe lift stop - if 45will be broken down than will be high probably 40 as well.

Yes, I share a similar view with you. I'm raising the stop now to 1343.50, which would guarantee a breakeven trade with slippage and commissions, but I sure wouldn't want to see prices lower than 1346-1347 zone anymore.

Position has reached +11.50pts and while I'd usually be gunning for an exit here, I'm feeling more confident with this trade as it was planned yesterday already, as written, so I'm sticking with it for now. So far it's been picture perfect as planned - a miniature panic move to 1342-1345 at the beginning of the day, where buying on high volume came in and the price has been drifting higher since then. They might still gun for those stops at 1346.00-1347.00 area and with this target I'd rather be taken out at breakeven than at +3 or +4 just to see the price turn back up. The latter is what happens to majority o f the emini traders.

The last 60min bar closed strong at 1354.25 along with a bullish tail, but I'm going to wait and see until the end of day. These quiet markets tend to chop upwards, but the key word is "chop", so it's better to avoid getting caught in the noise (if your plan has room for the patience). I can do that with this trade..

 

[Spooz Top]

man,do i long for the days pre-BOTs with pure PA & getting filled without having to trade thru your bid/offer.

right now we`re walking the line.....with the bullys trying to make the 15 min TL stick as well as the 42 swing lo fib.......bears may want to call it a bear flag looking for LL`s......coin toss city right here...................zzzzzzzzzzz