ES Journal Archive (2006 - 2008)

JSSPMK · Jul 8, 2008

Quote from Buy1Sell2:

When I start a trade with the initial stop at catastrophic level, that represents very nearly 2 percent of TLNW. I would consider a loss of 2 percent of TLNW to be a catastrophe. Bringing the stop in closer lowers win percentage, but increases your reward to risk scenario.

Understood, TY!

JSSPMK · Jul 8, 2008

Quote from JSSPMK:

Short 1253 off 1, stop near 1254, hard stop +10

Scaled out 2/3 +2.5

1/3 b/e

JSSPMK · Jul 8, 2008

Too rapid upside, sustainable?

Lawrence Chan · Jul 8, 2008

Not fast enough

We have not have a trend up day for 2 weeks.

gwac · Jul 8, 2008

Too rapid we are at 1256, close was at 1251, at 9am we were at 1252. This imho is not rapid.

Too rapid upside, sustainable? [/QUOTE]

JSSPMK · Jul 8, 2008

Quote from gwac:

Too rapid we are at 1256, close was at 1251, at 9am we were at 1252. This imho is not rapid.

Too rapid upside, sustainable?

[/QUOTE]

I meant up 9.5p in under 7 minutes which ImPO is rapid

somebody jumped on that possible DT

Lawrence Chan · Jul 8, 2008

4 hours, hourly showing potential going to 70s ...

Of course going sideway is an option.

gwac · Jul 8, 2008

we are in a very nice orderly channel on the daily. We have tested the bottom already, I would expect a test of the top, if financials can behave.

Quote from JSSPMK:

I meant up 9.5p in under 7 minutes which ImPO is rapid

somebody jumped on that possible DT [/B][/QUOTE]

JSSPMK · Jul 8, 2008

Quote from gwac:

we are in a very nice orderly channel on the daily. We have tested the bottom already, I would expect a test of the top, if financials can behave.

I meant up 9.5p in under 7 minutes which ImPO is rapid

somebody jumped on that possible DT

exactly, if financials can behave, trouble is we don't know the extent of losses that they are sitting on, monthly chart is just plain bearish (so are weekly & daily), we are sitting on a verge of a possible major breakdown.

gwac · Jul 8, 2008

I bought freddie yesterday, just bought C. They are very nice trading stcoks.

Quote from JSSPMK:

exactly, if financials can behave, trouble is we don't know the extent of losses that they are sitting on, monthly chart is just plain bearish, we are sitting on a verge of a possible major breakdown.