ES Journal Archive (2011)

[Laissez Faire]

Quote from JoshDance:

Filled and out -1, hope I didn't stop out the low tick (39)

39 is the current 50% level + R1...

 

[JoshDance]

Quote from JoshDance:

Filled and out -1, hope I didn't stop out the low tick (39)

What BS, I would at least have been able to scale out by now with a profit, and moved stop a little closer.

 

[JoshDance]

Quote from Laissez Faire:

39 is the current 50% level + R1...

39.75 is R1 for the ES world (RTH numbers anyway using settlement) but did not think about the 50%.

 

[emg]

plan on going short 1253.25

 

[Laissez Faire]

Quote from JoshDance:

39.75 is R1 for the ES world (RTH numbers anyway using settlement) but did not think about the 50%.

But you will next time, right?

No biggie.

The day is young and there will be more opportunities.

A real breakout from here, not a fake one, and it is gap time above, I think.

Failure at the highs or even a lower high could be a great short. :eek:

The beauty of a small opening range.

 

[Laissez Faire]

Quote from Laissez Faire:

Failure at the highs or even a lower high could be a great short. :eek:

Ehh, forget about this one.

Quote from emg:

plan on going short 1253.25

 

[Laissez Faire]

Deceptive price action. I do not like it.

Broke out of the opening range high, but no real follow through yet. The lack of momentum is discouraging and makes it hard to enter anything from here, IMO. The risk is too high for me.

Perhaps a pullback to 43 could be a second entry. If not, will most likely have to wait for the gap fill above to complete and see what happens there.

Anyone?

 

[Macho]

Short 1 ES @ 124450 Stop 124850

 

[JoshDance]

Quote from Laissez Faire:

Deceptive price action. I do not like it.

Does not look any more deceptive than usual to me. Move up, retrace on low volume, rinse and repeat.

 

[Buy1Sell2]

Quote from emg:

Good Morning Traders!

Trade disregarded for journal integrity purposes