ES Journal Archive (2009 - 2010)

[JSSPMK]

Today I shorted a basket of various instruments, holding on to me cajones tightly:eek:

 

[schizo]

Short 64

Stop 66.25

Profit target 58

 

[Lawrence Chan]

Quote from JSSPMK:

Today I shorted a basket of various instruments, holding on to me cajones tightly:eek:

As long as they are all dropping you are fine. =)

Good luck!

 

[Pekelo]

Quote from JSSPMK:

Pek & Wave,

Why do you think that this is it for downside?

I expect a bounce at least, because we reached the -100 on the Williams %R on the daily. Last time (Oct 1st) this was the long term buy signal and we rallied back to new highs.

I don't necesserily think we go back to visit 1100 but at least up to the SMA line, which is 1083ish on the cash...

 

[Pekelo]

Quote from schizo:

All I know is that you don't get to choose who your disciples will be; they choose you.

True, nevertheless he would be wise to do so, because with his last 4 trades he gave back 150+ points unrealized gains and made only 11 ES points. That is in 5 months, mind you, so he might need a little help....

 

[schizo]

Quote from schizo:

Short 64

Stop 66.25

Profit target 58

Looks like I got my 58 while I steeped out to get some coffee.

 

[M3peat]

Today's trend appeared to be down to me and I had 5 short trades. All of them losers. Every entry was what I thought was a pullback and I always overestimate the pullback, yet all stopped out. Go figure.

Going back to the drawing board (and not giving up)!

 

[schizo]

Long 58.75

Will flip and short at 56.50

 

[ammo]

djt touched that supp 3696,see if we bounce, lately the supp's arent holding

 

[ammo]

Quote from M3peat:

Today's trend appeared to be down to me and I had 5 short trades. All of them losers. Every entry was what I thought was a pullback and I always overestimate the pullback, yet all stopped out. Go figure.

Going back to the drawing board (and not giving up)!

stops are really hard to trade with,if i were to use them ,i would put them above or below supp/resistance lines.If you trade your acct instead of the market ,for example $200 stop,they will eat you up, i had no success with them ,u could try trading 2 lots and take small profit on 1st one ,this will alllow u to ride the trade a little longer with less pressure until u can relax once in a trade