ES Journal Archive (2009 - 2010)

JSSPMK · Dec 9, 2009

Buy1Sell2, based on 240m chart would you consider going Long gold? I am long with stop $1 below current reaction low.

Decel · Dec 9, 2009

Quote from JohnBob:His position is in the March contract, so not yet.

Oh! didn't notice

Buy1Sell2 · Dec 9, 2009

Quote from JSSPMK:

Buy1Sell2, based on 240m chart would you consider going Long gold? I am long with stop $1 below current reaction low.

Although I am extremely bullish in the medium term, I suspect more pullback before a good long opportunity. Close stop on the 240 gold chart with a long is essential in my view.

JSSPMK · Dec 10, 2009

Quote from Buy1Sell2:

Although I am extremely bullish in the medium term, I suspect more pullback before a good long opportunity. Close stop on the 240 gold chart with a long is essential in my view.

TY!

JSSPMK · Dec 10, 2009

Got out of gold trade for -$3.2, don't like the way hourly chart looks, 3 lower highs on lower histo, descending triangle.

wave · Dec 10, 2009

Double top is the signal to short @ 1104 area.

Buy1Sell2 · Dec 10, 2009

12-09-09 09:15 PM

12-09-09 08:51 AM

12-08-09 09:26 AM

12-04-09 11:37 AM

Short term top in.

Short here at 1098.25 basis Mar 2010 with 20.
Initial stop 1121.25
--Lowering protective buy stop to 1109.25 (12/08/2009)--
--Lowering protective buy stop to 1097.50 (12/09/2009)--
--Lowering protective buy stop to 1095.50 (12/09/2009)--
--Stopped out for 2.75 pt gain--

Lawrence Chan · Dec 10, 2009

Quote from wave:

Double top is the signal to short @ 1104 area.

Wave,

Interesting that you are sure about the 1104 tagging ...

I could only project that to 1100-1101.

That 3 pts extra needs conviction. Cool! =)

wave · Dec 10, 2009

Quote from Lawrence Chan:

Wave,

Interesting that you are sure about the 1104 tagging ...

I could only project that to 1100-1101.

That 3 pts extra needs conviction. Cool! =)

The probabilities support the conviction.
The risk control takes care of the 10-15% outliers.

wave · Dec 10, 2009

I don't care if you're trading with or against the trend. If you can't trust your odds, you will never win in this game. You must trade based on the odds. There is the crowd and those who lead the crowd. Who do you think has better odds? Follow their footprints.