ES Journal Archive (2006 - 2008)

wave · Jul 7, 2008

Quote from OldTrader:

I'm wondering what he did with his longs from 1275. LOL!

OldTrader

LOL = Laughing Old Loser

Show us what you got, guesses, luck, viewpoints?

Buy1Sell2 · Jul 7, 2008

07-07-08 08:26 AM

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Quote from Buy1Sell2:

Long 1265.50 1 contract

Initial stop 1259.50
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Sell stop raised to 1263.25
Not too much lost today on this one contract. That is the key to trading and the only true edge.

wave · Jul 7, 2008

Quote from spidey:

Well, that's not good for the bulls

This is great for the Bulls.

JSSPMK · Jul 7, 2008

Quote from Buy1Sell2:

07-07-08 08:26 AM

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Quote from Buy1Sell2:

Long 1265.50 1 contract

Initial stop 1259.50
--------------------------------------------------------------------------------

Sell stop raised to 1263.25
Not too much lost today on this one contract. That is the key to trading and the only true edge.

Did you try to manipulate price with 1 lot trade? I mean you had a bad entry, bad exit & a bad stop. Bad as in you lost money.

Buy1Sell2 · Jul 7, 2008

Quote from JSSPMK:

Did you try to manipulate price with 1 lot trade? I mean you had a bad entry, bad exit & a bad stop. Bad as in you lost money.

This trade is a victory even though it lost money. It shows how to keep losses small and if right, let the profits run. The entry was good, the exit was decent and the stop placement was superb. I lost 2.5 points on one contract and cannot be too mad about that.

spidey · Jul 7, 2008

Quote from wave:

This is great for the Bulls.

1100 will be a bargain then

JSSPMK · Jul 7, 2008

Quote from Buy1Sell2:

This trade is a victory even though it lost money. It shows how to keep losses small and if right, let the profits run. The entry was good, the exit was decent and the stop placement was superb. I lost 2.5 points on one contract and cannot be too mad about that.

So wouldn't you say that volume was the manipulator in this instance? If you say that there is no manipulation just bad ABC, then what just happend to you? You say your ABC was fine & that there is no manipulation, then what just happened?

ammo · Jul 7, 2008

unless the nonexistant ppt steps in this thing falls to 1231,possibly further with dow support around 10770

smilingsynic · Jul 7, 2008

Quote from Buy1Sell2:

07-07-08 08:26 AM

--------------------------------------------------------------------------------
Quote from Buy1Sell2:

Long 1265.50 1 contract

Initial stop 1259.50
--------------------------------------------------------------------------------

Sell stop raised to 1263.25
Not too much lost today on this one contract. That is the key to trading and the only true edge.

It is mathematically impossible to make money IN THE LONG RUN with a system with a negative expectancy. Position size is irrelevant; small size only allows one to play longer.

Lawrence Chan · Jul 7, 2008

Last week was waiting for the 38-50 zone.

Here it is.

Now it is up to the value buyers.