ES Journal Archive (2009 - 2010)

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Just arrived 11:51CT - IC have you closed your 1239?

Looking at a choppy range bound day today "cabbage".
Est range 9pts (or 6.75 est two). Current HLC=1239.50 to 1233.25
 

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Quote from aquarian1:

Just arrived 11:51CT - IC have you closed your 1239?
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nope.
Still holding it.

closed my 1230 add-on for +4


If it keeps going down (it really shouldn't) I have an order in to add to long at 1229
 
Quote from Rashid_G.:

Nice entry.. I doubt 1237 is held though. TL broken... so sideways at best I think.. Planning to short 1235/37 area..
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Attached is the channel for trading I drew this morning using Monday's AH low and Tues AH low as the bottom of the channel. Sure enough, we ran out of steam at the top of the channel. I shorted 39 down to mid-channel 33. Yesterday's one tick ES expansion said it all, however. Clearly no buyers above 42. Profit taking was expected this week also, as this is the last week of the year for traders.
 

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Quote from gkramer:

Attached is the channel for trading I drew this morning using Monday's AH low and Tues AH low as the bottom of the channel. Sure enough, we ran out of steam at the top of the channel. I shorted 39 down to mid-channel 33. Yesterday's one tick ES expansion said it all, however. Clearly no buyers above 42. Profit taking was expected this week also, as this is the last week of the year for traders.
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excellent summation of has happened
 
Quote from gkramer:

Attached is the channel for trading I drew this morning using Monday's AH low and Tues AH low as the bottom of the channel. Sure enough, we ran out of steam at the top of the channel. I shorted 39 down to mid-channel 33. Yesterday's one tick ES expansion said it all, however. Clearly no buyers above 42. Profit taking was expected this week also, as this is the last week of the year for traders.
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I have the same channel.. Problem is I drew it AFTER the 39.5 this morning.. I would have kept my short longer.. reactive trading. I am learning.. You drew it once the overnight low was in. Nice.
 
Quote from emg:

another dead day. no santa rally yet
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Patience and stay Calm, the rally will come soon, i take it as ate Thrusday or Friday.

The worst part in trading is that you loss your CALM and begin to act impulsively- like close your existing position and changing side .. and suddenly you find out you are doing the most idiot thing in the world.

CALM and Stay COOL :D
 
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