Pure Trading

Discussion in 'Journals' started by BigPaper, Jun 1, 2010.

  1. 1st tgt 73.5 then 70.75
     
    #41     Jun 2, 2010
  2. +1 on 1/2 position stop at 75.5 (-1)....this is like pulling teeth
     
    #42     Jun 2, 2010
  3. stop at entry ...74.5 now....it either goes or it doesn't
     
    #43     Jun 2, 2010
  4. covering 71.75 and looking for gap fill @ 69.25
     
    #44     Jun 2, 2010
  5. ES....L 73 1st tgt74
     
    #45     Jun 2, 2010
  6. closing 76 & looking for 77.5
     
    #46     Jun 2, 2010
  7. 77.5 filled & position closed....87 area next??
     
    #47     Jun 2, 2010
  8. ES ...L 78.75
     
    #48     Jun 2, 2010
  9. out 78.25....-2 tics. I still feel like it was a decent trade setup but the reaction I was looking for in that area didn't happen so I bailed
     
    #49     Jun 2, 2010
  10. My initial stop goes in auto, upon order entry, @ 2 pts. I will adj my pos size depending on how close or far away I would logically put my stop. If I need a 3 pt stop I might only take a 1/2 size position or pass on the trade altogether. I will manage my stop as PA dictates.

    As I am writing this, I see that my last Long entry was a good setup but the PA told me that something wasn't correct and I took a small loss.

    My stop was moved from -2 pts to -5 tics and on the 2nd attempt of price to break higher and failed....I mkt out
     
    #50     Jun 2, 2010