ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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short 1111, that is a very old pivot. Should make up for my boner this week. 10 point stop.
Longs are about to bite it above the 200 day.
I am telling you, under 1111 back to 1050-----.
Quote from schizo:
I would first make sure you have enough lube in stock. Also don't forget to get a rectal exam.
I almost never take last hour trades because in the past I've churned profits that way. Although I've been trading CL exclusively, today I had a very strong urge to long ES @ 1105.00 on the 3 p.m. pullback pivot because the lower high looked like a bear trap on a strong trend day. I couldn't bring myself to pull the trigger though because it was late day and had already run "too high". When price broke back up through the lower high, I decided to sim trade the setup mainly because I was bored and wanted to see how well I would manage a late day long at the top of a strong trend.
Went long @ 1107.50 with a stop @ 1105.00. When the 3:20pm bar closed I moved my stop to 1107.00 (1 tick below that bar's low).
I placed two targets, one @ 1109.50 and one @ 1111.25.
Then I made the fatal error. When the 3:25pm bar closed I moved my stop to break even. Moving the stop took me out to the tick of the 3:30pm bar's low and went on through both my targets.
Trade direction: A+
Trade management: F
:eek:
Went long @ 1107.50 with a stop @ 1105.00. When the 3:20pm bar closed I moved my stop to 1107.00 (1 tick below that bar's low).
I placed two targets, one @ 1109.50 and one @ 1111.25.
Then I made the fatal error. When the 3:25pm bar closed I moved my stop to break even. Moving the stop took me out to the tick of the 3:30pm bar's low and went on through both my targets.
Trade direction: A+
Trade management: F
:eek:
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