ES Journal Archive (2009 - 2010)

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Quote from petty1978:

30M Bar trade setting up...

This is a possible trade set-up that has yet to confirm [per price action].

If the ES does not close on or below 1113.75 [looking at a 30M bar] and price rallies to 1125.5, Sell Short at 1125.5 and cover at 1113.75. Set your stop at 1133.5.

Price just confirmed the 1125.5 price level...Sell Short and cover at 1113.75, set Stop at 1133.5.
 
Quote from BA_Trader:

Action might get a little tricky here with a quick run back to the low 20s... more chop and then another attempt down again.

OK - it was a SLOW run back to the low 20s... about to do the attempt down...
 
I did everything wrong today and still made money except determine that we did make a bottom and picked the right direction. I saw we were headed up, and I chased the price, I did it with 2 contracts at 1127, and I killed the stops as the market went against my trade since I picked the wrong automation strategy. However, still made $ 112 as market reversed back up and went above 1127. I think with such poor trading and control today, I am going to have to switch back to sim for rest of day and prove that I make money without getting so lucky.
 
Quote from failed_trad3r:
bear flag on ES?:confused:
maybe what's needed to eat up some long stops to give it juice for last run fro green. YM is a heavy pig though, don't know if it can limp up in time with NQ and ES?
edit: long on the poke down 25.5; sl 23.25
 
Quote from petty1978:

Price just confirmed the 1125.5 price level...Sell Short and cover at 1113.75, set Stop at 1133.5.

UPDATE:

[ES] reverted back to 1132.75 [ask]...trade still active...
 
Quote from rock34748:

edit: long on the poke down 25.5; sl 23.25
Out 30.75
edit: should have had more faith... couple more seconds would have gained 2+ more pts but wrongly anticipated another brief drop before green.
 
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