ES Journal Archive (2006 - 2008)

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Quote from Chuck Krug:

/shorts ES 1358.5 stop 1361

Its always easy to say in hindsight, but I've seen you get stopped like 5 straight times this morning so I gotta suggest something. You gotta get the mean-reversion working for you rather than fighting against it. Try to enter on extremes rather than once a move has started. Unless you can accurately spot cascading buying/selling where you can really jump on the train to scalp a couple points, you're fighting an uphill battle.

More often then not the market will retrace enough to let you get in and allow you a smaller stop... when it doesn't, you gotta just let those trades go IMO.
 
Quote from Chuck Krug:

stopped out again

I think waiting for confirmation is better idea. They were clearly gunning stops either side and if you had a short signal you should defo wait for close below 57.25.

Quite common for ES to blast out of small range trapping breakout traders and then swinging back the other way to take out all the weak hanger ons.
 
if the market spikes up 4 points.. to above 64....

game over for shorts till 1410

<a href="http://content.screencast.com/media/184bd4e6-dc2c-47ba-93a7-f2bf017401af_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06162008-131842.jpg"><img src="http://content.screencast.com/media/184bd4e6-dc2c-47ba-93a7-f2bf017401af_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06162008-131842.jpg" width="1251" height="878" border="0" /></a>
 
notice overhead...s/r's

<a href="http://content.screencast.com/media/23722c9b-7925-43c8-8965-92e9141db9ec_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06162008-133325.jpg"><img src="http://content.screencast.com/media/23722c9b-7925-43c8-8965-92e9141db9ec_e4e7210a-d70e-4e9a-b1ea-ac06782ba068_static_0_0_06162008-133325.jpg" width="1251" height="905" border="0" /></a>
 
Quote from tommymoose:

Short 2002 stop 2003 off 1-min D... target 1996.50

jumping the gun out here at 1998.25 cuz i lack discipline hah... quick and easy, just how I like it..... at least in trading :D

Watching 2010-2012 area on NQ and 1375 on ES for a longer timeframe short.
 
Being greedy is good but I think we're in for a bit of a pullback.

Unloaded my last batch at 2001.75 when size showed up on the bid.

Quote from Spectre2007:

adding another 100 at 62

danger...danger willrobinson....
 
Quote from mazaltov:

Being greedy is good but I think we're in for a bit of a pullback.

Unloaded my last batch at 2001.75 when size showed up on the bid.


there is a good deal of resistance at 70-72...that needs to be tested.

banks dictating things this week so sortof relief rally....
 
Looking to get short a HH on NQ 2003-2005 zone.

Keeping an eye on oil here. It can easily pop over 140+ this week, if does sell your house and short the world.
 
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