ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Filled.
Current position: Long 924.25 + Long 922.5 + Long 918.5 + 10% short hedge from 898.25.
Stops moved to 917 on the last 2 adds.
That's exactly the number I had in mind But I'm running a scenario where they would gap up again tomorrow and have Pekelo's 2nd day gap rule triggering.
The ES is for the big swings, the NQ is to try nibble every worthy move. Have a bid sitting @ 1477, but I guess that was 2 ticks too far.
Great move btw ammo and Star; I'm definitely on board for the ride to the upper 800s if it materializes (Shorted 927.75 to average down earlier, feel happy I shorted the top, even though it was pure luck
).I'm seeing that as well. But I don't put that much emphazis right now on this candle given today's slow action, small range and definitley, total lack of impulsive downmove.
That being said, as you know I'm ready to flip short in a matter of seconds if the action proves me wrong.
Today was pretty much an exception and I am really disappointed I couldn't take profit when needed and consider shorting on weakness. Now is time to reviewing today's trading to find out what went wrong.
As one of my fellow trader camarades used to say, I'm on drawdown recovery mode and you better not be on the other side of my trades .
Have a good evening - see you tomorrow...
Quote from lurefo:
I'm seeing that as well. But I don't put that much emphazis right now on this candle given today's slow action, small range and definitley, total lack of impulsive downmove.
That being said, as you know I'm ready to flip short in a matter of seconds if the action proves me wrong.
Today was pretty much an exception and I am really disappointed I couldn't take profit when needed and consider shorting on weakness. Now is time to reviewing today's trading to find out what went wrong.
As one of my fellow trader camarades used to say, I'm on drawdown recovery mode and you better not be on the other side of my trades .
Have a good evening - see you tomorrow...
But isnt that the definition of a new trend emergence? A lack of continued buying? Obviously no one was really ready to sell yet either initially. Selling creates selling and buying creates buying to a point. Today that point was made. No one wanted to be the support and the end result was a downmove that we haven't seen for a long time, the accelerator (yes I named it). A ball rolling down a hill but then gets sucked into a vacuum.
I only post what I see and that is it. Today was a win for the bears and they didnt have to be at their computers to sell it. The bulls sold it all by them self.
I see where you're coming from but that looks more like a consolidation to me. I Need confirmation that buyers are giving up.
I do agree that today's high took place in a sexy area but I'm not that excited by grandma's fake rolling down the stairs.
Now you bears break 907.25 and I'll consider putting some size on the short side.
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