ES Journal Archive (2006 - 2008)

[saliva]

Quote from [Proximo]:

For how long? 5 Minutes, 2 Hours?

Uhmm, perhaps until it breaks out in one direction or the other?

 

[[Proximo]]

So why not wait for the break out // confirmation before getting short?

Quote from saliva:

Uhmm, perhaps until it breaks out in one direction or the other?

 

[saliva]

Quote from saliva:

Short 67.25

Stop 70.25

Dumping half at 65.25

 

[[Proximo]]

Still long. This movement stink balls.

edit: out small loss.

 

[saliva]

Quote from [Proximo]:

So why not wait for the break out // confirmation before getting short?

I feel that we're not on the same page. We clearly broke out of the channel. I shorted at the UTL rather than the channel line.

 

[saliva]

Quote from saliva:

Dumping half at 65.25

Out completely at 62

 

[saliva]

Some traders have accused me for shorting (or betting) against the trend. I thought I needed to make my point that certain trends can indeed be faded.

 

[saliva]

We closed below the lower channel. We're swimming in hostile territory with sharks. Gggrrrrr.

856-ish is the target, where the major trendline is.

 

[Mins]

Quote from saliva:

Some traders have accused me for shorting (or betting) against the trend. I thought I needed to make my point that certain trends can indeed be faded.

Personally i thought your last short was with the trend not against it.

You just picked a low risk entry point.

 

[Anna K.]

Quote from saliva:

Some traders have accused me for shorting (or betting) against the trend. I thought I needed to make my point that certain trends can indeed be faded.

Saliva, great trade, but if you are saying that the trend line or channel is broken we could possibly be starting a new downtrend, why did you close all of the position, not partly? thanks.