ES Journal Archive (2011)

Status
Not open for further replies.
I wonder if we`ll see more than 1352 by the close today.

25/40 minutes left.

One scenario is that this leg up topped @ 51,75 and that we`ll now close at the lows.

Stop trailed to lock in one point. Looks like I`ll be hit. I`m scared.
 
Quote from Laissez Faire:

Richard,

1344 being last week`s 50%? That`s why you chose it as a target?

in all honesty ....."feel"....didn't really know it was 50% retrace but it was close to the bottom of my lower low PP. Also I would be already long one ES at the 50ish level and I trade a max of 2 ES. I took it before EMG's morning anouncement...of course it didn't hit (yet) and probably won't. I'll let it cancel out and re-eval sometime tonight.
 
Quote from Laissez Faire:

Initial target locked in.

Betting on 1355.

Out @ 1353 for 5 oh so sweet points. God bless you t-day boyz :)

I`m a little disappointed that I did not get fully paid on my short idea today, but if I can earn points and keep learning I guess I should not be complaining.

I`m starting to get a good feel for targets and levels, but my sticking point is probably that I use a too tight stop at times.

However, this is part of my style and also because I`m very focused on protecting what I have. On the other hand, no one makes money breaking even and using too tight stops either.

I should add that I was tempted on taking an early exit on this trade as well, probably strongly influenced by my previous trade (a loss), but I decided to take the bet and that`s why I got paid.
 
Status
Not open for further replies.
Back
Top