ES Journal Archive (2009 - 2010)

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Quote from Buy1Sell2:

Long here with 20 @ 925.25
Initial stop is 817.75
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With such a big stop why not wait for break of resistance, considering price is diverging on various hourly charts? Basically, if it retraces you can get it in at a better price, if it doesn't you would be acting upon a fact, rather than an expectation. Just curious. TY!
 
07-15-09 09:00 AM

07-13-09 08:00 AM

07-09-09 08:47 AM

07-08-09 08:36 AM

07-07-09 08:09 AM

07-05-09 10:48 PM

07-02-09 07:47 AM

07-01-09 08:07 AM

06-30-09 09:49 AM

06-29-09 09:31 AM

06-26-09 07:38 AM

06-25-09 08:18 AM

06-24-09 07:34 AM

06-23-09 08:37 AM

06-22-09 08:05 AM

06-17-09 07:34 AM

06-15-09 07:48 AM

Quote from Buy1Sell2:

Short 20 here at 934.75 basis Sept 09.
Initial stop 1028.00



---Will stay short here for the moment. There is a strong possibility of a large pullback here.
---Protective buy stop lowered to 929.75
---Keeping the leash tight here with the stop remaining at 929.75. (06/22/09)
---No change to my position today. Staying short with the stop at 929.75. I will accept the possibility of my gain going back to a mere 5 point win, for a possibility of a larger downside move (6/23/2009)
--Keeping things the same here today (06/24/09)
--Keeping things the same again today. Looking to lower the stop soon (06/25/2009)--
--Keeping the stop the same today. If stopped out, I will look to get short again (06/26/2009)---
---Keeping things the same today. Will look to short again if stopped out (06/29/2009)---
--Keeping things just the same today. If stopped out, I will have a 5 pt gain and then will look to short again (06/30/2009)---
---Keeping everything the same today (07/01/2009)---
---Keeping everything the same here today (07/02/2009)---
---Staying put here on this Sun night. Have a good trading night all--(07/05/2009)---
--Staying put here this Tuesday morning with the same stop. There is no obvious reason to get out just yet (07/07/09)---
--Staying put here this Wednesday morning . I have a stop change in mind at 907.50 , but will hold a bit before putting that in. (07/08/2009)---
--Going to stay put again here today. Short term momentum is down. I may post a chart shortly. (07/09/09)--
--Think I will stay put again this Monday morning with the same stop (07/13/2009)--
--Keeping the stop the same this Wed. morning (07/15/2009)--
--Trade was stopped out yesterday for a 5 pt gain($5,000 with 20 round turn commissions). My trade was a misidentification of trend, but with prudent risk management, the trade ended up being mildly profitable. (07/16/2009)--:)
 
Quote from JSSPMK:

With such a big stop why not wait for break of resistance, considering price is diverging on various hourly charts? Basically, if it retraces you can get it in at a better price, if it doesn't you would be acting upon a fact, rather than an expectation. Just curious. TY!
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Price has broken resistance. I'm comfortable with this trade at the moment. You may be right that I should wait but let's see how it turns out. I need the larger stop due to the big run up yesterday. :)
 
Quote from JSSPMK:

With such a big stop why not wait for break of resistance, considering price is diverging on various hourly charts? Basically, if it retraces you can get it in at a better price, if it doesn't you would be acting upon a fact, rather than an expectation. Just curious. TY!
More...

In addition, I am not using any charts less in time than the daily, so I do not see the hourly divergence that you mention. :)
 
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