ES Journal Archive (2011)

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Quote from Laissez Faire:

Short @ 1319. Did not get filled @ 1320, hesitated, and then decided to enter on 1319.

Target 1317. Stop 1321.
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do u have any sort of a strategy or are u just discretionarily buying and selling :/ . Doesn't seem to be working out all that well. No offense. Just an observation.

If you shorted at 1320, u'd have a 1 point risk, and 3 point reward. Now you have a 2 point risk and 2 point reward. On top of that, now you're short in a congestion area where anything can happen.
 
Quote from Laissez Faire:

Short @ 1319. Did not get filled @ 1320, hesitated, and then decided to enter on 1319.

Target 1317. Stop 1321.
More...

Tightened stop as I lost conviction and got out @ 1320,50. -1,5.
 
Quote from wiesman02:

do u have any sort of a strategy or are u just discretionarily buying and selling :/ . Doesn't seem to be working out all that well. No offense. Just an observation.

If you shorted at 1320, u'd have a 1 point risk, and 3 point reward. Now you have a 2 point risk and 2 point reward. On top of that, now you're short in a congestion area where anything can happen.
More...

I flip coins :)

And I did try to get a fill @ 1320 first.

It does not look like a congestion area on my charts.
 
Quote from Laissez Faire:

I flip coins :)

And I did try to get a fill @ 1320 first.

It does not look like a congestion area on my charts.
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. Higher highs, higher lows, = high risk shorting
 
Certain patterns/indicators don't seem to work anymore. Like the H&S and RSI divergences. There is this relentless upward pressure, and anything else doesn't matter....

The NDX had a triple top with lower and lower RSI, didn't even flinch just keeps going higher...

Edit: I guess the NDX did drop 20+ pts on the 3rd but recovered on the same day...
 
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