ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

Long 1376.5 off 1 & 10, stop near 1374.25, hard stop -10

-1

Long 1375 off 1 & 2, stop near 1374, hard stop -8

C'MON BULLS!!!!

YEAH!!!

Scaled out +3.25
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1/3 -1 useless bulls
 
Stopped out for 1.5 loss. 69.50 is the next area I will take a shot.

I was up as much as 4 points in the trade. :(

Edit couldn't wait. Long at 74.

Added more at 70.
 
Quote from listed:

Stopped out for 1.5 loss. 69.50 is the next area I will take a shot.

I was up as much as 4 points in the trade. :(

Edit couldn't wait. Long at 74.
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not a good thing to buy into a shorting momentum, once price breaks down ImPO it's a good practice to wait until the time all anxious longs have been shaken out

Looks like you have averaged down a trade that went against you also
 
After a significant gap down, the market has traded below the open all day except for a few minutes, and also has traded below the pivot. Intraday, all of those are BEARISH, and yet most of what I see here are longs.:confused:
 
Quote from smilingsynic:

After a significant gap down, the market has traded below the open all day except for a few minutes, and also has traded below the pivot. Intraday, all of those are BEARISH, and yet most of what I see here are longs.:confused:
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A lot of time frames are pointing upwards, so even though you may be right in your representation of facts, people try to get on a bus at different stops.
 
Quote from JSSPMK:

not a good thing to buy into a shorting momentum, once price breaks down ImPO it's a good practice to wait until the time all anxious longs have been shaken out

Looks like you have averaged down a trade that went against you also
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No doubt I got in a little early, I had planned to average down. Right now, my average is 72.

Thanks for the comments.
 
Quote from JSSPMK:

A lot of time frames are pointing upwards, so even though you may be right in your representation of facts, people try to get on a bus at different stops.
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Over a longer time frame, sure. At 1368, June ES is trading right at S1 (monthly) after failing yesterday at the monthly pivot. I was speaking intraday; intraday today, the easy money has been made going short, obviously. :)
 
Long 1371 off 2 50% position, stop near 1368, hard stop -6

@SS, I know you were probably trying to be a tad sarcastic, so here is our reply to you :)

<img src=http://www.keepcalmgallery.com/productimages/big/hindsight.jpg>
 
Quote from JSSPMK:

Long 1371 off 2 50% position, stop near 1368, hard stop -6

@SS, I know you were probably trying to be a tad sarcastic, so here is our reply to you :)

<img src=http://www.keepcalmgallery.com/productimages/big/hindsight.jpg>
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Can't read the last several lines. :p
 
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