out at 1150, steams running out P/L (points): +3 thoughts: wish i got in on this one sooner, i think im going to wish i stayed in this one, but markets moving fast the other way (volume, momentum indicator wise) i liked the entrance on this, im not thrilled about the exit yet...the heiken ashi trend is stilll holding on the 5,15,30,60minutes so I probably got "scared" out of this one
short /ES @ $1205.75 stop is somewhere around 1207, if I get stopped out I'll probably be looking to re-enter
that trend was lackluster.... reversing and going long at $1205.5 P/L (points) = 0 after commission/spread/etc
went short at $1205.75 current price is @ $1196.5, considering closing out for the night.... despite all this bearish news the markets keep rallying, otherwse I could leave this position up all night without much fear, I blame the algos!
still sitting short at 1191.5, slow and steady, these are the easy ones to sit out 1hour momentum just crossed below zero, kaufman efficiency ratio is about to go sub -20, and stochastics look like they're about to unwind and generate sub 50 sell signal i -THINK- we're either going to see a correction possibly to 1200 or even 1216 if it's strong enough OR (more likely) we're headed to to the next significant support, 1185/1184 hopefully the afterhours traders will make this happen, as I suspect during RTH the algos will kick back in and send us back into an uptrend
looks like we did head down to support at 1184/1182 but then got jacked up by the bulls to 1194 where we are sitting now, this is an important point, we'll either revert to the mean or continue the downtrend, the latter is preferable, but i am willing to breakeven on this trade, if it wasnt meant to be a good trend in the first place.....going from 17 points to 0 hurts, but its okay