For a low-risk reversal, I'd like to see a sharp up-volume spike to right around 1546 with overbought RSIs. Easy to visualize that happening...
ES appears to be at a critical juncture here. If ES breaks the descending trendline (presently about 1546.50, just 2 points above last paint of...
Bear flag breakout was false. Price action terrible. Stopped out at 1545.00 for 1.5-point net loss (+.25 on initial position, -1.75 on add-on)....
I lied about going to bed. Observed possible bear flag formation starting at 05:00 EDT. Decided to wait to see if there would be a downside...
At 02:51 EDT S 1545.25 BS 1547.25 (2 points) PT 1536.25 (9 points) At 05:15 EDT Last paint 1542.75 (+2.5 points). Lowered BS to break-even...
Stopped out.:eek: Working assumption now is that we're headed for 1552. I've not had a good day today: 6 points in the hole. TGIF!!!
Still short one unit, looking to add on once I see more downside confirmation. This is killing me! :)
You mean 1541.25?
S 1542.25 SL 1543.50 (5 ticks) PT1 1536.50 (5.75 points) PT2 1534.50 (7.75 points) PT3 1530.00 (12.25 points)
Nice entry! Resistance at 1537 remains valid. Looking for possible long entry around 1530.00-1528.50. If we get below 1528, next stop looks to...
Stopped out for -1.5.
at 0856 EDT L 1533.50 SS 1532.00 (1.5 points) PT1 1539.50 (6 points) PT2 1552.00 (18.5 points) NOTE: Bought one unit only in Globex...
So did you close out your 3rd unit, or hold it through the close? "I gots to know!" (from Dirty Harry)
Add-on closed out at 1536.75 for +4.5. Total gain +10.5. Tomorrow!
Initial position closed out at 1535.75 for +6. Trailing stop up on add-on, presently at 1534.50.
At 2:14 EDT, added to long at 1532.25 with 1-point stop on bull flag breakout. At 2:32 EDT, raised stops on both positions to 1532.25 (+2.5 on...
Yay, Apex is back in the saddle! And trading with uncharacteristically reckless abandon!! My goodness, a 2-point stop!!! :D [Compare that...
And I, for one, am looking forward to watching you do it. Welcome home!
What are you talking about? I'd never hold a position without a stop. If I did, my broker would have my head on a pike. In fact, I seldom set a...
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