ES Journal Archive (2006 - 2008)

100 @ 65 SL 85

 

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Yes, I agree with your comment.

 

Good morning!

S 1467.75
BS 1469.25
PT1 1461
PT2 1442

 

Romik's flip flop system says get ready.

 

Please elucidate. Ready to go (which direction) at (what entry price)?

 

Housing number strong, July New Home Sales up 2.8%

 

all conditions met for upside. =)

 

Wow, that happened fast!

When I didn't like the price action on this trade, I lowered my BS to 1468.75 and doubled it, so if hit it would switch me to long. It was hit, which puts me -1 on the short trade, presently long from 1468.75 with a 3-tick stop at 1468.00. If I'm stopped out of this one, I'll be flat and re-evaluating.

Preliminary initial PT on this long trade is 1474.50.

 

sweet rule of 12 short !!!!

 

excellent technique to signify importance of break when the stop reverses your position.