ES Journal Archive (2011)

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Quote from chaykapwr:

the fact that it broke above 1228.5 is extremely bullish...unless we get a breakdown below that level soon I suspect we should continue this rally and have a nice gap up day tomorrow.
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If I may ask, why 1228.50? I see breakdown at 3:45pm on good volume that broke near the prior low of the day, that's one guess as to what you're seeing.
 
Quote from startraitor:

Long 1230.75, stop 1199, target 1302 esz1
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A question for you as a longer term trader startraitor, as I'm always looking for insights into how you guys trade.

I've attached a chart showing the most recent consolidation (beginning of profile showing consolidation is 10/12), followed by the breakout up. Did you choose 1199 as a stop because of its location below the bulk of the trading activity in the consolidation, or because it's below the psychological round number, or some other reason (or combination of these reasons)?

With regard to stop placement, would you consider it reasonable to place a stop below today's low, and simply re-enter if it's a shakeout? My fear in the stop placement 30 handles below current market price would be that we would perhaps trade all the way down to the last major support which you can see in the chart is at 1185, and then move up again.

Would love to hear your thoughts regarding stop strategies and other insights for this position you've taken, I'm looking to learn as always.

My biggest weakness is probably stop placement and management, and need to improve! Perhaps the lure and trap for me is realizing that the smaller the stop and more precise the entry, using a fixed fraction strategy one can increase the position size as the stop is smaller. But this has gotten me in trouble time and time again as my stop is just too small and I miss out on nice moves.

http://screencast.com/t/nQRpaCWeKOj
 
Quote from startraitor:

Long 1230.75, stop 1199, target 1302 esz1
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Star,

Been a while seeing you post.

What about buy stop about yesterday high for a confirmed continuation rally, or, long from 1210 and below for a normal sized pullback on daily scale?
 
10-25-11 07:25 AM
10-21-11 09:32 AM
10-19-11 10:04 AM
10-12-11 08:03 AM
10-10-11 09:14 AM

--Long full position at 1179.00. Initial stop is 1123.00
--stop remains the same this morning. Current price is 1200.25 (10/12/2011)
--protective sell stop raised to 1174.50 Current price is 1222.00 (10/19/2011)
--sell stop raised to 1179.50. Current price is 1232.00 (10/21/11)
--sell stop raised to 1202.00. Current price is 1249.25 (10/25/11). Full position remains on.
--sell stop remains the same today at 1202.00. Current price is 1236.00(10/26/11)
 
Quote from Buy1Sell2:

10-25-11 07:25 AM
10-21-11 09:32 AM
10-19-11 10:04 AM
10-12-11 08:03 AM
10-10-11 09:14 AM

--Long full position at 1179.00. Initial stop is 1123.00
--stop remains the same this morning. Current price is 1200.25 (10/12/2011)
--protective sell stop raised to 1174.50 Current price is 1222.00 (10/19/2011)
--sell stop raised to 1179.50. Current price is 1232.00 (10/21/11)
--sell stop raised to 1202.00. Current price is 1249.25 (10/25/11). Full position remains on.
--sell stop remains the same today at 1202.00. Current price is 1236.00(10/26/11)
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TDFAIP.
 
Quote from Laissez Faire:

Anyone got any details on the summit tomorrow and care to bring me up to speed?

Will there be an announcement and press conference tomorrow?

What time?

Thanks in advance. :p
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Anyone? :)

Feeling a little naked here.

Economic numbers at 10:00 is all I know for now.
 
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