ES Journal Archive (2011)

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Quote from iloveoptions:

Thanks for reminding me of all the hazards I'm about to face tomorrow. At 1195 which is where my stop at the moment, and with no further adds, I'll be down 21,450, or -17.16% without counting the gains from Friday to Sunday trade. A lot indeed for one trade idea. It's a bet I'm currently willing to take and live with the consequences that come with it. If I fail, it will be a good reminder to never break rule 1 & 2.

The numbers tomorrow do concern me after what we've just witnessed from the the economy the last 2 days.
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As long as ES open above 50 and on its way down in RTH do not break prev day low. We may get high 60s and low 70s in 1 go.

It is a potential w. spring on daily. Must close strong to confirm. If we do get that, the bounce of 2 days can go to high 80s.

Good luck.
 
Quote from iloveoptions:

...At 1195 which is where my stop at the moment, and with no further adds, I'll be down 21,450, or -17.16% without counting the gains from Friday to Sunday trade...
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That seems managable. Of course, that assumes no more adds. Have you run your max loss assumptions for a "full" position?

I'd be shocked if we saw a test of 1200 before a bounce back to 1285+, but I also thought we'd see a tradable 2-3 day bounce after the debt-deal announcement.
 
Quote from FreakofNature:

Long 4 cars at 48, twice my usual size, stop below ES year lows

Will distribute targets as I see fit.

FoN
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Trade disregarded for journal integrity purposes. --No stop posted. :)
 
08-02-11 08:38 AM

08-01-11 10:12 AM

07-28-11 07:11 PM

07-26-11 08:42 AM

07-20-11 07:23 AM

07-14-11 06:19 PM

07-11-11 08:29 AM

07-08-11 07:51 AM

06-30-11 09:47 AM

Currently short the Sep ES contract at 1314.50. Stop is 1372.50
--Maintaining short here. Stop remains the same.

--Maintaining short here 7/11/11. Stop remains the same

--Maintaining short here 7/14/11. Stop remains the same (outside the noise)

--Maintaining short here 7/20/11. Stop remains the same

--Stop remains the same 7/26/11

--Stop continues here 7/28/11

--Don't see a reason yet to change stop 8/01/11. Staying short

--Will be looking very soon to lower the protective buy stop. Keeping it the same today however. 8/02/11.

--Staying short here with the same stop. 8/03/11.
 
Quote from iloveoptions:

After looking at the momentum and the strength of this downdraft, it would not surprise me to see 1215 print sometime this week. Therefore, I'm changing several items in my trading plan. My exit target for tomorrow is 1259.75 for 1/2 the position. My adds will come in at 1215.5 for 4 more. Unless I decide to modify it during the day, my stop is at 1195. :) Come and get me.
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I placed an order to add 1 more at 1239 since I think there is a good chance it gets hit today. Adds at 1215.5 will be reduced to 3 from 4.

BE on current open position is at 1266.70 holding 6 longs.
 
Quote from Lawrence Chan:

As long as ES open above 50 and on its way down in RTH do not break prev day low. We may get high 60s and low 70s in 1 go.

It is a potential w. spring on daily. Must close strong to confirm. If we do get that, the bounce of 2 days can go to high 80s.

Good luck.
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Thank you for the good wishes and your analysis.
 
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