ES Journal Archive (2011)

[Eddiemorra]

Quote from volente_00:

Looking for a 37 print from the 78 shoulder

hell yeah! free money for all
are we all playing from the same side (short) for once? nice

 

[Buy1Sell2]

08-05-11 08:29 AM

08-03-11 08:36 PM

08-03-11 07:43 AM
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 6/30/11.
--Maintaining short here. Stop remains the same.7/8/11.
--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.
--Stop lowered to 1361.75 8/03/11
--Continuing with same stop here. I believe this bounce is short covering only at this point. 8/05/11
--Staying short. Same stop 8/08/11

 

[Eddiemorra]

Quote from Eddiemorra:

short 1176.5
stop at 1200

out here fir now at 1161 for +15.5

 

[Buy1Sell2]

Quote from klinckphilip:

15min and 1hour

I have a long bias on both for right now. But, they are kinda wavering. Really there is a ton of volatility I have already been from 4pts down to 4pts up. I may just take a few pts if it give it to me again. Looks like today we are in for a bumpy ride.

I can see the reasoning for the stop if long.

 

[Buy1Sell2]

Quote from Eddiemorra:

out here fir now at 1161 for +15.5

Suggest tightening the stop. It's not realistic for an intraday trade.

 

[Jestersofmalice]

Quote from Jestersofmalice:

short 1166

tempted to close here, but at the same time, we know that we are going to 1137 at least at some point, so Gonna try to be patient

 

[Buy1Sell2]

Quote from klinckphilip:

15min and 1hour

I have a long bias on both for right now. But, they are kinda wavering. Really there is a ton of volatility I have already been from 4pts down to 4pts up. I may just take a few pts if it give it to me again. Looks like today we are in for a bumpy ride.

I know everyone is talking about volatility, but there really is none on the longer frames. It's just a smooth downtrend.

 

[mwingo1135]

Quote from Eddiemorra:

out here fir now at 1161 for +15.5

Way To Go

Do what is best for you
but another way to manage that

was to move stop to 1165 that way no matter what you get 11 points and you would have still been in right now!!!!!!

Let winners ride. Cut your loses.....

Most of the time I get stopped out. Stopped out for a win

If you got stopped out at 1165 it would be a win!!! from 1176 (But now you could have moved it to 1160

Again do what is best for you but my rule of thumb is if I think I need to get out (When I am in a obvious winning trade), I take some profits and tighten stop and let it ride as long as it will.

10 more points would be in your pocket right now

 

[Buy1Sell2]

Quote from klinckphilip:

15min and 1hour

I have a long bias on both for right now. But, they are kinda wavering. Really there is a ton of volatility I have already been from 4pts down to 4pts up. I may just take a few pts if it give it to me again. Looks like today we are in for a bumpy ride.

Notice the other day I tried a long in the face of the downtrend---If it were a winner, that would be fine, but it really was a better bet to wait for a short signal when the predominant trend is down unless there is an obvious reversal. --over the long haul.

 

[pokito]

buy ES 1146.00(order in, not yet filled)...stop 1141.00