ES Journal Archive (2011)

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Stops and targets are OCO orders. If I don't post a change then the OCO remains in place and if the stop or limit (target) is hit, then that's what the exit it is.

Quote from JSHINV:

OK. I am going to do this (post a trade).

Short 1341. Stop 1345. Target 1330.
 
I feel market wants to be driven to 1347-1348.Feel bears lost chance.. Next potential short will be after a drop from 1348. This is just my feeling.. nothing too strong about it.

What will be interesting is how the next drop plays out. Will the volatility increase? Will it just run like before (to no end) or bounce.

I'm thinking it will bounce pretty hard. A lot of people are feeling they missed it so I think the last swing low will not be broken for a long time.

If I had to place an all-in bet, 1318 seems like a decent stand. I doubt we will see that though.
 
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