ES Journal Archive (2011)

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Quote from Buy1Sell2:

10-21-11 09:32 AM
10-19-11 10:04 AM
10-12-11 08:03 AM
10-10-11 09:14 AM

--Long full position at 1179.00. Initial stop is 1123.00
--stop remains the same this morning. Current price is 1200.25 (10/12/2011)
--protective sell stop raised to 1174.50 Current price is 1222.00 (10/19/2011)
--sell stop raised to 1179.50. Current price is 1232.00 (10/21/11)
--sell stop raised to 1202.00. Current price is 1249.25 (10/25/11). Full position remains on.
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Trade disregarded for account integrity purposes.
 
Quote from tortoise:

Interesting. How would you define "stopping" volume?
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It's a VSA term (though I do not use vsa strictly or wyckoff strictly either), basically meaning that the offers at that area were plentiful enough to absorb enough buyers to "stop" the move up.
 
Volume is an item that is to be disregarded when trading the ES. It will cloud the judgment when analyzing entries, exits and stop placement. All that is needed with ES are price, a few scant indicators and prudent money management. These are what I use and are what have made me so successful at limiting losses, extending gains and employing great timing. :)
 
Quote from Buy1Sell2:

Volume is an item that is to be disregarded when trading the ES. It will cloud the judgment when analyzing entries, exits and stop placement. All that is needed with ES are price, a few scant indicators and prudent money management. These are what I use and are what have made me so successful at limiting losses, extending gains and employing great timing. :)
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My dear sir, may I suggest the following revision:

"Volume is an item that I'm unable to analyze when trading the ES."
 
As clear as the vast blue sky and at a speed even I can grasp. To call this set-up super slow motion speed is an understatement.

Exhaustion rally due today on overnight weakness; or at the very least momentum stall. EOD sell-off into the pre-market open tomorrow. New high power grab at the open and the 2-3 day vacuum implosion all stops out sell-off in the attempt to keep average prices at these levels. Investors want to buy it, obviously; but will pikers create the capitulation? All things being equal, they already are.

Exhaustion rally pending.
 
There was already weakness on the intraday charts before the news came out about no meeting tomorrow in Europe. No big deal--I never trade on news anyway. Keeping sell stop the same at 1202. :)
 
Quote from JoshDance:

Well you guys have been looking for a big selloff for 3 weeks, hope you were short then :) blew right through yday's low like it was nothing.
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By luck, a dose of intuition, and likely borrowed good graces (but do you really borrow grace?), I caught the 5.25 bounce at the LODY. Looking to turn red into green on the daily.

Also, a 'good morning' to you too.

HOLA!, AMIGO/A MUCHACHO/AS!

(Julian, a far cry from a cannibal, but closer to the estate in Lake Forrest)
 
Quote from Buy1Sell2:

There was already weakness on the intraday charts before the news came out about no meeting tomorrow in Europe. No big deal--I never trade on news anyway. Keeping sell stop the same at 1202. :)
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Bloomberg: oh nooooos....EU meeting is called off :eek: ..market sells off..

Bloomberg: oh wait...it's just the finance ministers....market recovers

wash and rinse
 
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