ES Journal Archive (2011)

how you holding up buddy?...
you are probably going to hold it overnite...

 

BE now at 1266.70 for 6 positions.

Targeting 1266.5 for tomorrow to exit 2/3rds of the position.

I'll try to pick up 4 more positions at 1227.75

Stop at 1219.5

 

Mind sharing your opinion on the direction from here? Further selling?

Saw your reply to me about the 50% retrace. Thanks.

 

Yeah, I would like to know also. All I see is the 1237 area for the next low.

 

After looking at the momentum and the strength of this downdraft, it would not surprise me to see 1215 print sometime this week. Therefore, I'm changing several items in my trading plan. My exit target for tomorrow is 1259.75 for 1/2 the position. My adds will come in at 1215.5 for 4 more. Unless I decide to modify it during the day, my stop is at 1195. Come and get me.

 

wow...you're about $6300 in the hole already.
YOu must have a decent sized account, but yo' trades making me dizzy.

GL to you whatever you decide to do. Thanks for keepin' it real.

 

I am really not sure how you are profitable. How do you plan on losing 14,100? I just cant imagine why you would leave that much liability open.


08-02-11 06:03 PM

Quote from iloveoptions:

BE now at 1266.70 for 6 positions.

Targeting 1266.5 for tomorrow to exit 2/3rds of the position.

I'll try to pick up 4 more positions at 1227.75

Stop at 1219.5


wow...you're about $6300 in the hole already.
YOu must have a decent sized account, but yo' trades making me dizzy.

GL to you whatever you decide to do. Thanks for keepin' it real.

 

sitting at the neckline




a bounce from 45 to 65 is feasible and I would not even be surpised if we test the 200 day at 1276 cash but eventually we will trade down to 1130-1150 unless the bulls find some serious balls to void the h&S

 

I was one of them and I was wrong.

FoN

 

08-02-11 10:55 AM

08-02-11 09:07 AM

08-02-11 08:45 AM

I put on one contract long here at 1274.75 for a swing trade. Initial stop is 1264.00

--continuing same stop here. Will move this stop fairly quickly.

-- price action has not given me an opportunity yet to raise my stop. I'll either fail at my original stop or not. Leaving the computer for an extended time. Will check later.

--Stopped out today for 11 point loss. It was nice to not ride it all the way down.