ES Journal Archive (2006 - 2008)

[Pholeuon]

Yes, it can widen it but there is 200 EMA and not over my stop.
If both will not stop this than I can not imagine what will - just sky.

However like I feel the movements today this was the software "boots you must go up even on 95% stochastic".
During my short observation I do not remember 2 days in roll when it worked /in fact they are using it about 2 times in month. I think that today they F* shorts and tomorrow will longs. Therefore I shorted it at the close.
Btw, do not worry I will change stop or end the trade earlier if it will be really bad.
I will move stop to breakeven if tomorrow will be stronger down day.

 

[JSSPMK]

Quote from vertigo3:



JSSPMK,
on that chart you posted, when you say 3 rising troughs on the 60m, are you counting the 3rd trough as having occurred at the beginning of yesterday's AH?

"3rd trough ran through Wednesday midnight to 8.30 am EST (I think it was 8.30EST) roughly there abouts anyway.

And what happened is the quite common shake out of longs that dared to come late & without the vaseline."

- Jsspmk (News Team/Chuck Norris Business Channel)

 

[JSSPMK]

WTG OldTrader! Nice to see old dogs showing some of us how it's done

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1947114>

 

[trader_arb]

for those posting about this; there is NO correlation between the price of crude and the indexes- do the research (and if there was you probably couldn't profit from it anyway)

 

[OldTrader]

Quote from JSSPMK:

WTG OldTrader! Nice to see old dogs showing some of us how it's done

Hey thanks! Not often a guy gets a hand in this business. LOL!

Anyway, one of these days I need to learn how to hold my position a little longer. I left alot on the table.

OldTrader

 

[kamek]

ok guys i've been waiting 2 years for this! my last day of work tomorrow! i full time trade on monday plus volatility is back!. my expense is about 600 dollars a month (half of it is going out and the other half is real bills) so i should be ok. my goal is to make 1k a week. at the end of the day protecting capital is good enough.

*cracks knuckles*
i mainly trade options on indices and on selected stocks that i follow

 

[MandelbrotSet]

Quote from kamek:

ok guys i've been waiting 2 years for this! my last day of work tomorrow! i full time trade on monday plus volatility is back!. my expense is about 600 dollars a month (half of it is going out and the other half is real bills) so i should be ok. my goal is to make 1k a week. at the end of the day protecting capital is good enough.

*cracks knuckles*
i mainly trade options on indices and on selected stocks that i follow

Cool

Why don't you start a Journal so we can follow your journey.

 

[JSSPMK]

$600 a month? Do you live in a shoe box?

 

[gwac]

Kamek goodluck

Quote from kamek:

ok guys i've been waiting 2 years for this! my last day of work tomorrow! i full time trade on monday plus volatility is back!. my expense is about 600 dollars a month (half of it is going out and the other half is real bills) so i should be ok. my goal is to make 1k a week. at the end of the day protecting capital is good enough.

*cracks knuckles*
i mainly trade options on indices and on selected stocks that i follow

 

[jagmot]

Quote from jagmot:

I will be looking to initiate a short position near the close. I don't see any weakness in the charts yet but the r/r is too good to pass up at current leves (1397).

Ideally, I'd like to see the market get to 1404.

I suspect we might get there as gap and go days lately seem to trend the entire day (observation, no hard statistics).

Ok just placed my short here at 1405.50. I plan on placing my stop at 1412. In afterhours right now, I have my catastrophic stop at 1428.

Targets 1396, 1381, and 1370.