ES Journal Archive (2011)

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Quote from gmst:

LF - how do you read this market....are we going to find resistance at HOD or are we going to end up much higher?

Edit: everyone feel free to respond :)
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Does not matter what I think, but I got the green light for a long that I was looking for (taking out 38). Even got slippage on my buy stop. :)

Potential reaction at 45. Next would be yesterday`s highs. Then 51,50. I did write it in an earlier post actually.

I`m not at the level yet where I can predict, so I rather look at the reaction around those levels and see what happens.
 
Quote from Laissez Faire:

Does not matter what I think, but I got the green light for a long that I was looking for (taking out 38). Even got slippage on my buy stop. :)

Potential reaction at 45. Next would be yesterday`s highs. Then 51,50. I did write it in an earlier post actually.

I`m not at the level yet where I can predict, so I rather look at the reaction around those levels and see what happens.
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how much slippage did you get ? Today i got slipped 0.5 on 1 lot order....i am surprised to say the least - such a slippage in the most liquid exchange traded market on the earth!!!

have you ever experienced a slippage of 0.5 tick before.

Ammo - if you can answer above it will be very useful as you have the longest experience among us and i assume you trade largest # of cars also. I am talking about slippage experienced trading ES on globex in the last few years, not about the pit days big contract.

Actually, it will be very educational if someone can throw some light on the slippage in sep-oct 2008, as i wasn't trading ES then.

Thank you very much!
 
Actually, I got 0,5 point slippage on both a long and short today.

Got 0,25 point on a stop loss yesterday. In my experience, even a 0,25 point slippage is rare, but it does happen.

See how price slowed down at the current HOD?

I certainly did not predict that, but it is expected behavior at such levels. One is usually better off taking profits or scaling out if one likes doing that at such levels and then re-enter when the trend resumes (unless one knows with great accuracy what will happen, something I don`t).

Opening range low failed to act as support for now, may be a reversal or it may just be a consolidation before higher.

Have a few baseline scenarios prepared so that you are never surprised by what happens (there are a few exceptions). :)
 
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