short 1077.5
5 point stop
5 point stop
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
Failed to take out the highs there by one tick. Looking ugly now. Right through the 50%.
Sold 1173,50. Stop @ 1176,50. Targeting at least a break of the daily lows.
Sold 1173,50. Stop @ 1176,50. Targeting at least a break of the daily lows.
out here at 1072.5 for +5
Hm, magnetism of "big walls" - if we came too close it will be tested.
Therefore I do not see how we can avoid 1050 (200EMA monthly on SPY and motnly DML) but until 980 there are 2 other "big walls" and normally we do not slice more than one easily without getting freefall.
If everybody has in trading world same opinion experiences have had learned me that mostly it is wrong opinion. So I will be very carefully shorting. Longing - ugh, risky business now unless we are at S4
Therefore I do not see how we can avoid 1050 (200EMA monthly on SPY and motnly DML) but until 980 there are 2 other "big walls" and normally we do not slice more than one easily without getting freefall.
If everybody has in trading world same opinion experiences have had learned me that mostly it is wrong opinion. So I will be very carefully shorting. Longing - ugh, risky business now unless we are at S4
short again here at 1077.25
5 point stop
5 point stop
Trapped and smacked!
It is quite easy to chase price in fear that one will not get a pullback. One usually does
Failure to take out this last leg down by 50% will look like a good short again to me.
Sold 1075,50. Stop @ 1078,50.
The problem I see is that we may actually be finding support here, but I`m willing to risk 3 points that we don`t.
The problem I see is that we may actually be finding support here, but I`m willing to risk 3 points that we don`t.
- Status