ES Journal Archive (2006 - 2008)

when did you short? why fight the trend??

 

I trade longer term. Trend is down. Please review previous posts for trade entries/exits. Now--it's back to the tables--

 

http://cartadiem.com/charts/08-08/E-Dec08-55.png

enthios.com

 

Yearly/monthly/weekly trend down ...

B1S2 does not care what happen in the lower time frames

 

http://finance.yahoo.com/q/bc?s=^GSPC&t=my&l=on&z=m&q=l&c=




Define longer term.

 

out 901

 

buy stop 908; stop 905

 

Can the 10:30 crew deliver the start of a gap fill?

 

Gap should hold. By end of today if the gap is not filled we have triple gap on daily, classic trend exhaustion.

 

Buy1Sell2 Trades--go figure!

12-02-08 06:56 AM
Short one contract at 795.00

Initial stop 1075.00
Maintaining the stop here at 1075.00
Adding an additional 19 at 869.75 with the stop also at 1075.00
Total of 20 contracts short.
--Stop remains at 1075.00--I will be keeping this position small at 20 contracts due to the fact that I sold into an oversold market and must keep my stop outside of the noise. There could be quite a bit of noise with the bullish divergence on daily. The weekly and monthly remain strongly down.--

12-02-08 08:51 AM
Swing trade here
Short 5 March @ 839.75
Initial stop 965.00