ES Journal Archive (2006 - 2008)

saliva · Dec 10, 2008

Prices topping out on 5-minute and ya still haven't succeeded in taking out my stop. Now I feel almost invincible!

volente_00 · Dec 10, 2008

Quote from saliva:

How does it feel when price comes 1-tick shy of your stop? Do you feel lucky or do you feel more like an idiot? Little bit of both, I s'pose. In the meantime, I'm moving the stop from 906.50 to 906.75.

When this happens to me, 9 times out of 10 it gets taken out on the next attempt.

We are testing resistance here at 906-907. If we fail 880 is next, if we break out I have no idea, gut says 917 on the break.

saliva · Dec 10, 2008

Holy crap! I guess someone must have taken notice and gunned for my stop. Out @ 906.75

Pekelo · Dec 10, 2008

Quote from Lawrence Chan:

If another sideway day,

It is an ADU so far in the midday topping phase (12 - 12:30). The start was a bit non-classic because it tried to close the gap first, but since the 10:50 bottom we have been following the timeline....

startraitor · Dec 10, 2008

exit all but 1 908.25, stop to be

Quote from startraitor:

long 99.75, stop below 95, target 910+

Jahajee · Dec 10, 2008

Rally led by Energy, mining, metals, gold stocks .... not financials and tech

SPX 920 max and then end of this stupid rally.

Can't even trade XLF or UYG or QQQQ - first two are almost flat and QQQQ is up a whooping 0.31

startraitor · Dec 10, 2008

exit last 904.50

Quote from startraitor:

exit all but 1 908.25, stop to be

Lawrence Chan · Dec 10, 2008

Back to open price

saliva · Dec 10, 2008

Quote from startraitor:

exit last 904.50

Nice trade, bro. I was also eyeing that 908 level since it lined up with the down-sloping trendline, but the stop would be too damn wide to stomach. Silly me.

saliva · Dec 10, 2008

Look out below. TL from the open is about to break down.