ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
many big cap tech stocks acting very weak through that move up. sndk making new lows,rimm,brcm etc. market is changing from race to buy when we rally to race to sell the crap on the books,bear market action for sure reminds me of 2000-2001 period.
 
Desperate attempts by bearz to pull the market down. Yet, armada of put protection 1040, 1045, 1050, 1055 holds.

spanish_armada.jpg
 
(Edit: this trade is in sim - keeping my powder dry for CL; if somebody has an objection to sim trades, I'll remove the post)

Long 48; target 58; stop 10 ticks will move to be

Will try to add twice on the way to target and trail the stop to be on the position

:53 stop to be; looking to add a 2nd unit

:56 bid 49.50 :58 touched, but not filled, cancel order, will try again (at a different price prob) in next pullback

:12 stopped out at be
 
Quote from ES.Dreamer:

POSITION TRADE

LONG 29.25 6 cars yet to be filled.

1. Is this an Anek trade again?

2. Shouldn't you be short at least 1 ctr in the anticipation of below 30? Or the trade is only valid if we dip below 30?
 
If we can't break through this 54 cash 52 ES resistance, I will declare another dragon Failure with 21 pts Height, and that would bring us down to 31 ES, pretty close to Anek's expected long entry....

By the way the previous dragon worked only so-so, instead of the expected 22 pts we only got 14 pts drop, I guess the 1040ish support proved to be stronger than the dragon 3rd bottom expectancy...
 
Status
Not open for further replies.
Back
Top