ES Journal Archive (2011)

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hard to use this as an example because of the big negative oval in late july early august, but the rest of the time,more often on previous markets charts, there is a big reversal after way overbought/oversold,the smaller ovals depict the big skew in uvol dvol or dvol uvol the next day
 

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Quote from Buy1Sell2:

08-22-11 07:57 AM

08-16-11 07:37 AM

08-11-11 06:27 PM
08-09-11 10:21 AM
08-08-11 09:08 AM
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
--Stop lowered to 1271.00 8/09/11 (possible error in stop placement--stop is too close to the noise)
--No change in position 8/11/11
--No change-staying short --same stop 8/16/11
--Continuing short here. --same stop 8/22/11
--Covered short here at 1195.25 for 118.75 pts profit per contract. ( I do not consider the trade closed--just rolling into the next month. )

--entered short in the Dec contract at 1189.25 Initial buy stop is 1368.00 (using this opportunity to correct my poor stop placement at 1271.00.



Once again scaling out would have produced more overall profit for you


I rest my case


:)
 
Quote from klinckphilip:

Today was very strange. The market moved a little weird. Is that due to the low volume?

Im glad to hear that others found it a hard/'strange' day.
I lost 9 points.
Confidence killer, lol.
Lets see if I fare any better today.
 
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