ES Journal Archive (2011)

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Quote from JoshDance:

long 12 stop 11.25, tight leash
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Boy do I ever hate these trades where I almost know I'm gonna get stopped out, but I hate to close with only a 3 tick stop if it does happen to go in my favor. Tough situation.
 
Quote from JoshDance:

Boy do I ever hate these trades where I almost know I'm gonna get stopped out, but I hate to close with only a 3 tick stop if it does happen to go in my favor. Tough situation.
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I am out 13 for +1.00 ... hate to do it, but next week I'll work on trade management. This week need to keep it nice and green going into the weekend.
 
Quote from Lawrence Chan:

Yes much more direct on SPX and its options and future contracts.
It is the liquidity in ES, SP, etc. allowing them to hide their identities.

NDX tag along because they share many components that are heavy weight on both.

To force a melt up or stop a melt down, however, the tool of choice right now is NQ because it is much cheaper to push it up. It is more cost effective.
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Thanks. I will keep that in mind for the next expiration.
 
Re-looking at the charts, it seems that my stoploss in the morning should have been much tighter on my long trade from 1218. At that time a 2.5/3 point stop would have sufficed to prove me wrong, instead my final loss was 1218 to 1211.5, a 6.5 point loss.

Josh, please don't hesitate to question me if you do see me doing something which doesn't make sense to you. :)
 
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