ES Journal Archive (2011)

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we blew right through 65.50 on the way back down... was looking to buy that but not after it cut through it so quickly... i'm a bit unsure as to direction now--bears look quite strong
 
Quote from JoshDance:

we blew right through 65.50 on the way back down... was looking to buy that but not after it cut through it so quickly... i'm a bit unsure as to direction now--bears look quite strong
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Wait for the vote in Italy to end.
 
Quote from gmst:

I have a feeling (based on my backtesting fx strategies - i have yet to backtest es strategies) that with a target of 6 points and a 2/3 point stop, its not a good strategy to either use trail stop or bring it to b/e. Maybe bringing it to b/e might be a good idea when you are at least 5 point in the money. Being just 3 points in the money and bringing it to b/e should lose money over a large no. of trades. imo. you should backtest it. i am 95% positive what i am saying should hold true.
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I appreciate the input, but I've backtested pretty thoroughly on my one setup. If the trade matches the setup, it doesn't come back to my entry. Here, the long didn't match exactly, so that's the price I pay. In hindsight, my target should have been for 3 points, as it wasn't a perfect setup for me. I'm glad I didn't get tagged for a full stop! Another example is what is happening here. If the short trend is to stay intact we won't come back to 66 evens.... And as I was typing we just fell off the planet :p

EDIT: I only know ES and that's it, so my instrument view is pretty limited.
 
Quote from JoshDance:

I saw the vote was to be at 9:30 EST, do you know when it will end, or where I can get some live feed to it?
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I'm just following AP and cnbc.
 
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