ES Journal - 2013

Discussion in 'Journals' started by Trvlwanderer, Jan 3, 2013.

  1. i was swing short from 69, felt like pulling the last contract because i feel like they will run stops back to that area (67-70). will look to get reshort then i think.
     
    #8321     Nov 13, 2013
  2. also think nq could get to 74
     
    #8322     Nov 13, 2013
  3. ammo

    ammo

    nq res for now
     
    #8323     Nov 13, 2013
  4. ammo

    ammo

    same timeframe broken down differently gives 70-76, so if 66 breaks , then next target
     
    #8324     Nov 13, 2013
  5. Visaria

    Visaria

    out of all shorts at 65.5
     
    #8325     Nov 13, 2013
  6. ammo

    ammo

    sh nq 76.25 66 bid edit 3310 bid
     
    #8326     Nov 13, 2013
  7. ammo

    ammo

    avg 66.56 reduce 65.5

    reduce 60.75 .... add 67.5 add 69.25 avg 67 7/16
     
    #8327     Nov 13, 2013
  8. 75-78 after a bit of chop around the pivot.

    Looks like the bull flag pop may happen. watching the trans tap at the res.
     
    #8328     Nov 13, 2013
  9. ammo

    ammo

    cash
     
    #8329     Nov 13, 2013
  10. Finally a perfect scalp. 1st level resistance was at 1770.25. However there were a lot of sell orders on the DOM at 1770 and 1769.75. I decided to limit in at 1769.75 for a counter trend scalp. This order got filled, and I moved my stop down a little as I took very little heat. I probably could have gotten a little bit more on this trade but wanted to make up my loss from bad trading on yesterday. To get a resistance order filled exactly at the line I think ES would need to go past it by 1 tick so normally on ES I am willingly to get in a little early. Also, I need a normal target since again price will need to go 1 tick past the target to get filled. However, I am willingly to take a loss if I don't get at least a scalping victory. Sometimes many orders are meaningless if trend is strong enough or some report came out, but I thought resistance would hold enough for a little profit.

    Yesterday, ES price broke through a moving average by a full candle, and I should have had a limit order higher up, but instead shorted at a possible triangle resistance that was silly since ES had already shown that it wanted to go higher even though overall trend yesterday was down. I made a tiny bit back by shorting at stronger resistance level that day.

    Monday, ES just moved sideways in range and I lost just 1 tick for the day, as the range was not wide enough to take profits or have main stops get hit. This type of range should not be traded unless you think eventually you will get a breakout and can pick the right side which never happened.
     
    #8330     Nov 13, 2013