ES Journal - 2012

2nd gap baseline is 1428.25.....

 

On first touch of 1424 .. stay long above 1424 and short below 1424..

Figure out which way is best to reduce transaction costs.

_sell stops
_buy stops
_algorithms
_option s
_time based entries with stops (example)

If price is above 1424 in x days I will get long with a stop loss
If price is below 1424 in x days I will get short with a stop loss

Edit: wait months after price has traction from 1424 to exit

 

What's the game plan, day traders?

First announcement two hours after market open at 1230.

Next at 2:00.

Press conference at 2:15.

I`m thinking possibly a short from here if I spot weakness. Targeting the gap fill.

 

Filled at 32. Stop @ 33,50. Limit at 27,50.

Not touching it.

 

S 1432.00

 

Out 1431.25

 

L 1429.50

 

AH low @ 29,25.

Should get the gap fill though.

 

Out 1430.00

 

NQ already filled it's gap. Please don't let that ruin the show. I'm only asking for 2,5 more points.