ES Journal Archive (2006 - 2008)

Uhmm, perhaps until it breaks out in one direction or the other?

 

So why not wait for the break out // confirmation before getting short?

 

Dumping half at 65.25

 

Still long. This movement stink balls.

edit: out small loss.

 

I feel that we're not on the same page. We clearly broke out of the channel. I shorted at the UTL rather than the channel line.

 

Out completely at 62

 

Some traders have accused me for shorting (or betting) against the trend. I thought I needed to make my point that certain trends can indeed be faded.

 

We closed below the lower channel. We're swimming in hostile territory with sharks. Gggrrrrr.

856-ish is the target, where the major trendline is.

 

Personally i thought your last short was with the trend not against it.

You just picked a low risk entry point.

 

Saliva, great trade, but if you are saying that the trend line or channel is broken we could possibly be starting a new downtrend, why did you close all of the position, not partly? thanks.