ES Journal Archive (2011)

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Quote from Laissez Faire:

I might have been wrong on this one, but "just in case", I moved my stop to 1308,50.

Looks like it. Trailed to 1309 now, but that`s my limit. Expecting it to get hit for sure.

I generally do not trade outside of RTH, but it looked like a good short at the time:)

Good night traders.

EDIT: Stopped! :eek:
 
Quote from iloveoptions:

Looking to reverse to short at 1310 with one position. Adding two more position at 1314.5

my black box has 1313.25 as a max high before a min retrace to 1296-1300
 
Quote from volente_00:

my black box has 1313.25 as a max high before a min retrace to 1296-1300

Yes, well I'm starting to get bearish on the S&P after I expected it to hold 1315-1320 last week. I expect that area to hold if my bearish views are correct. So I'll be adding up to 1325.
 
Quote from volente_00:

my black box has 1313.25 as a max high before a min retrace to 1296-1300

Chipping in my #s

12 to 15.5 resistance zone that points to 02 friday high test.

Do not know what goes beyond that.
 
Quote from klinckphilip:

I don't move to BE as soon as I'm in profit. I dont move unless I see it move up and settle into a bottom above my position

I think you may mean a bottom below your position, but yes that is correct and is what is meant by setting stops outside the noise. The breakeven stop on ES is utilized too quickly in most cases.:)
 
Quote from Buy1Sell2:

I think you may mean a bottom below your position, but yes that is correct and is what is meant by setting stops outside the noise. The breakeven stop on ES is utilized too quickly in most cases.:)

How do you trail the stop after a successful entry so you don't give back too much should it retrace but hold longer for more potential profit?:confused:
 
Quote from jackson222:

How do you trail the stop after a successful entry so you don't give back too much should it retrace but hold longer for more potential profit?:confused:
his acct and 2% max loss are much higher,he trails way outside the noise until a major resistance is set and he lowers his stop,playing multi day /month,scalpers are trading intraday s/r,different ballgame
 
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