ES Journal Archive (2009 - 2010)

[ammo]

spy broken resistance line was /is 122.3

 

[Picaso]

Quote from kinggyppo:

getting out when you are wrong. its madness!! see no one will ever
cheer you on when you are wrong, so I say nice loss! Good trading.

Well said!

JSSPMK, that trade was looking good, you were almost 5 points ITM, what was your target?

Edit: thanks.

 

[JSSPMK]

Quote from Picaso:

Well said!

JSSPMK, that trade was looking good, you were almost 5 points ITM, what was your target?

1,240s

 

[Pholeuon]

Ok, out at 23.50. No more patience with that trade

Quote from Pholeuon:

Short 231.25. No stop,will double 10 points higher.

 

[Pholeuon]

Today? Not real. You expected nearly R4 on first touch of upper booliger bands on daily? I can not find example when something such happened in past.

Quote from JSSPMK:

1,240s

 

[creekboy]

missed by a tick trade cancelled

 

[ajcrshr]

Should be an interesting auction @1pm eastern tomorrow. Yields have been trending up, larger spike today. More days like this would really make BB's lip quiver...


56 day Bill 12/08/10 25B
10 yr Note 12/08/10 21B
30 yr Bond 12/09/10 13B

 

[JSSPMK]

Quote from Pholeuon:

Today? Not real. You expected nearly R4 on first touch of upper booliger bands on daily? I can not find example when something such happened in past.

Didn't have to be today. I don't look at R1-R4, just price levels. I know one thing 2% move intraday is quite possible & not rare. A move to 1,240 would have been below 2%.

 

[Pholeuon]

Tomorrow that it is another story. R4 is very rare by ES and combined with touch of boolinger bands nearly impossible, I looked deep in past and did not find any example.

 

[Rashid_G.]

Quote from JSSPMK:

Didn't have to be today. I don't look at R1-R4, just price levels. I know one thing 2% move intraday is quite possible & not rare. A move to 1,240 would have been below 2%.

Had a similar trade from 1228.25 overnight, watched to 1235 and ended up with a point. Took 3 from 1227.5 to 1230.5 after probably due to the first trade nearly evaporating. A trader I know ALWAYS takes a fraction off at 1xrisk every time. Haven't learned to do it but he says it liberates him mentally AND lessens the psychological stress due to complete reversals..

A fixed target of, say 4 points sounds simplistic but having to establish targets for all out exits a pain to say the least.