ES Journal Archive (2006 - 2008)

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Re-entered long at 1332.00, stop -2.25pts. Great risk-reward, but lower odds going against the 60/30min and all. But 1331-1334 was the plan and I now trust that area more as we've tested it with volume. If they take it lower than 1330, the plan's void.
 
Position at +7.00pts, reducing risk to -1.00pts

EDIT: considering 1339.00-1340.00 as the pivotal area for today. Will raise stop to positive territory if we manage to close above 1340.00 on 5-min charts.
 
Quote from RsX:

Position at +7.00pts, reducing risk to -1.00pts
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-1 from original 32? If so, IMO not the way to currently trade the ES. I would up it to 33.75 minimum or set a tight trail after being up so nice. Most that lose at on this play do so because they are too greedy.

Edit: Right now I would set it 3-4 ticks under 36.5.
 
Quote from Syprik:

-1 from original 32? If so, IMO not the way to currently trade the ES. I would up it to 33.75 minimum or better have a tight trail after being up so nice. Most that lose at on this play do so because they are too greedy.

Edit: Right now I would set it to 36.25.
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True. And a very good way to protect profits - that is, if you're trading for handles and targeting 2:1 or 3:1 Risk/Reward ratios. My target is 1353.50-1354.50 (about 10:1 R/R) because that's what my analysis give me. To keep a position on with these targets, stop management must be more conservative. We trade different styles you and I. Doesn't mean either of us are trading the wrong way :)
 
Quote from RsX:


EDIT: considering 1339.00-1340.00 as the pivotal area for today. Will raise stop to positive territory if we manage to close above 1340.00 on 5-min charts.
More...

Raising stop to +3.00pts (1335.00)
 
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