ES Journal Archive (2011)

At what price is wrong? Also, B1S2 will disregard your trade if you don't post stops

 

see this has been the problem with this thread for YEARS. And why I do not like to participate, then I participate for a while and then stop. Just b/c someone named B1S2 created it, in the OLD days we had the YM thread journal and people shared and bitched and life was good. who made him GOD.

swear I had this same conversation 5 years ago.

done.

 

gmst, here is another case that is similar to what happened this afternoon. Basically, we have 56.75 holding, and sellers have had several opportunities to get short. 55.50 held until 55.25 traded and then it went right back up to high. If they don't run some stops here I'd be surprised. Why? Because it's too easy to just get short here, easy money doesn't happen. But anything's possible once in a while I suppose, so who knows.

http://screencast.com/t/RM7UKNx0l

 

short, here comes the gap down, wait for it... temp swing high is in place, we go lower today.

 

Good illustration Josh! Indeed it broke 56.75 and went to 57.5. So, getting long around 57 when it was coming back from 55.25, would have given 1/1.5 point scalp. Thanks!

 

Thanks ammo for the tip.
I will start looking at this in new year, planning to read couple of books during the holidays. Then I will come back to you with follow up clarifications. Thank you!

 

Thanks for writing about your discovery process. I am still new to ES - only 2/3 months of ES trading. So, it seems I am still new to this instrument.

 

short 51.75

 

like i said, sell. and sell hard.

 

eyeing a pop back to 53.50's for a sell, but I don't know if we'll get back up there.