ES Journal Archive (2006 - 2008)

70 spring board still in effect......stopped on short....kicked long 70.25 bit early @ 40%...74 to reverse.

 

I placed buy at 1469.59 and short at 1481.50

 

well I meant this as a breakout trade, the stop gets you in on a momentum breakout, but to each his own. Good trading.

 

you may want to change that....i don`t think they`ll fill you on the .59

 

Is that a joke?

Looks like price is basing to take out pivot.

 

Ok .58 then !

 

Here is a link to an article on buying breakouts, may be helpful.

http://partners.futuresource.com/fbp/2005/0304.htm

 

I do not think we are getting lower than 1465 today and if the market gets to 1481 I will see then what to do next.

 

they poked me out of my short just above the 60%....going to sting a bit if they take it the distance......68/70

 

50% retrace and bounce