ES Journal Archive (2009 - 2010)

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Quote from emg:

filled. breakeven at 1099.00. moving profit target to 1100.00

just to be clear: you are now 3x (300%) normal position short with the market currently -8 index points (-24 points average profit at +1pt x 3 trades) against you?

what's your risk manage plan if the ES slips to 1080 or 1060 straight from here?
 
Quote from austinp:

just to be clear: you are now 3x (300%) normal position short with the market currently -8 index points (-24 points average profit at +1pt x 3 trades) against you?

what's your risk manage plan if the ES slips to 1080 or 1060 straight from here?


These are great questions. Having said that, absent genuine (adverse) news, the odds of the 2nd day gap going unfilled -- on opex, no less -- are pretty low.
 
Quote from tortoise:

These are great questions. Having said that, absent genuine (adverse) news, the odds of the 2nd day gap going unfilled -- on opex, no less -- are pretty low.

oh I agree 100%... but from where?

a swan dive to 1060s straight from here without retrace is entirely possible, first. then what?
 
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