ES Journal Archive (2011)

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Quote from Laissez Faire:

Sold 1133,50. Stop @ 1136,50. Targeting the daily lows.

Will quickly scratch if it is a fake break.
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There has been no order flow to support you.

But there has not been any order flow to STOP YOU either, lol

1129 is the next level on the 5 min chart and bulls would have lost control on all time frames.

At 1129 I would say the bulls have struck out.
 
Quote from Laissez Faire:

Back in short @ 33,50. Stop @ 36,50.

I obviously still believe we`re heading lower, but will once again scratch if we don`t.
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Bulls have struck out.

Good Luck LF

Like you need it :)

Be back the last hour to see how the game ends.

We are in the top of the 9th Tie Score.

Bulls put some points on the board to tie the score but got struck out and now the Bears are up to bat.
 
Monday -6
Tuesday +14.25
Wednesday +12.25
Thursday -23.75
Friday +13.00
_______
Total + 9.75 for the week.


I dont begruge the loss on Monday because it was a correct trade per my strategy. But, the Thursday loss messed up the total and was not totally with my strategy. 1. I added to a loser, which added 3.5 loss to the first trade. Then I placed a 2X normal size discretionary trade for a loss of 4.5ptsX2 = 9pts of loss. So Thursday could have still been a down day but limited to the original 11+ loss. So the week would have been 12.5pts better if I had stuck with my rules.

Everyone have a great weekend. Im done for the day.
 
Thanks, mwingo.

I`m honestly not sure what`s gonna happen from here. We may build support here @ 30 for all I know.

Still willing to risk 3 points for a sell-off, although my stop is technically a little close @ 33 in case we see a normal retracement before eventually heading lower.
 
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