ES Journal Archive (2006 - 2008)

Good trade, exit early in this market.

 

44 is the 50% retracement level

 

What time frame are we looking at? 5 minute? 1 minute? Monthly? Certainly was not looking at the 2 minute----

 

out of short for 3.5 point loss.

 

Why you asking me ? I'm not bearish today.

 

long spy $144.56 small trade. $5.00 stop.

 

now i am shorted 48.75

3 point stop

 

out $144.80.

 

long xlf and fnm as well, watch for a gap fill for fnm, good r/r.

 

Kicking myself. I was confident both had bottomed, but got shaken-out by the Fannie news.