ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

What made you choose 1361 as stop? TY!
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A combination of reasons. We're down around the 50 day average right now, and just above a swing low of about 1370 RTH back in April. I could see us running those stops, so this 1361 gives that some room if in fact we do that. Plus, this is the most I'm willing to lose on the trade.

On the other hand, IF we turn higher from down in here, I think we could catch a decent rally from down in here, perhaps next week. Seems like a decent risk/reward.

OldTrader

EDIT: I use these 15-20 point stops fairly frequently. It's what I'm comfortable with. So this is in that ballpark.
 
Quote from OldTrader:

A combination of reasons. We're down around the 50 day average right now, and just above a swing low of about 1370 RTH back in April. I could see us running those stops, so this 1361 gives that some room if in fact we do that. Plus, this is the most I'm willing to lose on the trade.

On the other hand, IF we turn higher from down in here, I think we could catch a decent rally from down in here, perhaps next week. Seems like a decent risk/reward.

OldTrader

EDIT: I use these 15-20 point stops fairly frequently. It's what I'm comfortable with. So this is in that ballpark.
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TY!

I guess your decision to go long here is based on TL from last Friday through last Wednesday?

I see long signal now on 10 & 5m chart's histo & 15m is bending upwards
 
Quote from JSSPMK:

TY!

I guess your decision to go long here is based on TL from last Friday through last Wednesday?

I see long signal now on 10 & 5m chart's histo & 15m is bending upwards
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Frankly I don't see the trend line you're talking about. But if it's there, it's got to be down! LOL. Actually, I had a downside target of about 1375. And again, that happens to roughly coincide with the rising 50 day average. I'm buying against that average, after the target was satisfied. I also like that we've run under some of these recent swing lows and triggered stops.

Just taking a shot here, and giving it enough room to work if it's going to. No guarantees.

OldTrader
 
Quote from OldTrader:

Frankly I don't see the trend line you're talking about. But if it's there, it's got to be down! LOL. Actually, I had a downside target of about 1375. And again, that happens to roughly coincide with the rising 50 day average. I'm buying against that average, after the target was satisfied. I also like that we've run under some of these recent swing lows and triggered stops.

Just taking a shot here, and giving it enough room to work if it's going to. No guarantees.

OldTrader
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Long 1375.75. I'm seeing a bottoming out of RSI on the 15 & 30min charts.

Initial stop at 1363, but will stop out myself if RSI heads lower
 
Quote from OldTrader:

Frankly I don't see the trend line you're talking about. But if it's there, it's got to be down! LOL. Actually, I had a downside target of about 1375. And again, that happens to roughly coincide with the rising 50 day average. I'm buying against that average, after the target was satisfied. I also like that we've run under some of these recent swing lows and triggered stops.

Just taking a shot here, and giving it enough room to work if it's going to. No guarantees.

OldTrader
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Indeed it's a downward TL. TY for details.
 
Quote from Buy1Sell2:

Combining this long and the long from 1410.75 into one and unifying the stop at 1377.75 (the other long had had a stop of 1372.00)
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So if I've followed this correctly, you had 4 on @1410.75 and you scaled in 2 more @1398.25 for a position of 6 long with an average basis of 1406.75.

A "unified"(??) stop @1377.75 triggered today for a loss of 29 ES points (116 ES ticks) per contract or -$1450 x 6 = -$8700

I tried to follow this multiday trade as well as I could. Did I miss anything?

Osorico
 
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