ES Journal Archive (2011)

today's targets are in place... high side or low side objectives should be met today

 

Stopped!

 

Let`s see if yesterday`s high will now act as support. Looks like a retracement in a potential trend day to me.

 

Long @ 1204. Stop @ 1202. Target 1210 or higher.

 

There we go. Failure to take out 1206 now is a potential double top on the 5-minute and a potential short. Stop tightened to 1202,50.

 

Meeting a wall of resistance there at 1206. Will probably gain momentum if we do break it.

Will probably scratch at 1203 is this attempt fails as well.

 

Are we making money yet? Yo EMG meet me at the bar.

 

gonna bounce viccinity your stop.

 

1200,75 is the 50% and is lining well up with yesterday`s highs @ 1201,50. Catching up with the EMA now as well.

That`s why I decided to move my stop to 1200. Still within my risk parameters on a per trade basis, but it skews the R/R of the trade and I usually like to re-enter instead of using wide stops.

I`m also a little concerned about the gap below

 

I think it was time to wait on both of your last trades. I still have short bias on the hourly and now have a better signal short on the 15min.