Quote from david666:
I can tell you this much i FOR SURE made more than you did on this trade 
Thats the difference between you and I, I make a longterm top call and I look for shorts or maxium longs strictly intraday...you make a top call but then take a major long like this
either way you are right if it goes down you called the top and if it goes up you called the long...stick to one or the other
Actually the difference between us is I make more points day trading in a week then you make swing trading hedged with your top calls so I stick to what I am better at. Here is how I said I would trade it if I was a swing trader.
Quote from volente_00:
Weakness at the r10 30 leads me to believe a short term top is near but could run up to 1350 cash
Gut says 1333 cash is close for a top.
If I was swinging, which I never do.
I would short
29-30 es with a 20 point stop
with adds
at
34
39
44
and 49 if it got there.
And you are right I lost 12 points on that trade. But that was 1 out of 5 trades I put on in the last 7 hours.
The first was a r10 short from 92 to 71
The next was that knife catching act for -12.
Followed by an r10 x 4 long from 53 to 61
And a 50% retrace long at 56.5 to 64.75
volente_00 wrote on 03-15-11 05:59 AM:
see if i can unload these 56's around 65-66
I'm flat and going to bed now.
Good luck with your hedge short paulson jr
If we go down you are right.
If we go up you are right.
Can't beat that setup.
P.S. If you get bored you can always come back to the ES journal and post some more after the fact trades like you did before you got busted by the real traders in there.
