ES Journal Archive (2011)

[Laissez Faire]

Quote from JoshDance:

I had a zone from 87 to 90 on my chart marked based on my 240m profile, but honestly I need some kind of confirmation here, it's just an unbelievably strong day... I wanted to short 88 but really what evidence do I have? Volume signals short there, but I need more than that to fight this monster!

Too late to pick a top now.

I was marking up 89 on my charts just as the top was made, so I was not prepared. Perhaps if I knew it in advance would I have had the balls to short it and quickly break even.

Right now, I think a trend line break below the 20-EMA would be needed, but it`s late so I`m not very confident.

 

[Mr. Miyagi]

Just got short euro
@1.42
long term hold...
stop 143.80
love the leverage of forex, I know its the es forum but you guys make me laugh...

 

[Billybob543]

Quote from emg:

Placing stop is for loser. Don't forget that.

Your levels seem pretty solid but that's the dumbest thing you've ever said in your life.

 

[Mr. Miyagi]

Ate up many shorts on the way up... maybe US markets disconnect from trading with the Euro.....

 

[Laissez Faire]

And just as the short`s were starting to salivate price bounced off the 20-EMA to the tick the third time this day.

I`m glad I waited for the confirmation that never came.

 

[emg]

Quote from Billybob543:

Your levels seem pretty solid but that's the dumbest thing you've ever said in your life.

to day trade in es, $100K per contract. if u don't have that kind of risk capital, that is too bad small trader

 

[ammo]

Quote from ammo:

86.75 offer 91

81.75 bid for reduce avg 74 +

 

[JoshDance]

short 82.25 stop 83

 

[Laissez Faire]

Sold 82,50. Stop @ 84,50.

EDIT: Stop @ 82.

May look to hold this one overnight at breakeven depending on the development into the close.

 

[JoshDance]

Quote from JoshDance:

short 82.25 stop 83

out flat 78