I hope you didn't jump in front of a moving truck on this one. The ES up move is looking like it is losing strength. Be careful. 5Pillars, how is the strength on the ES???
Finally, that was stressful, Unfortunately 2 cards mysteriously got hit from my sell stop at 720.6 when the the price was at 721.4,,,I'm not sure what the hell happened,,at least I re-bought after taking the hit and exited for a gain.
You got some balls. What was the entry and exit values. Whats the stop you use or will you add :eek: .
I'll say. When I get in a bind I hit Flatten All as quick as I can then I am on the phone to my broker to make sure.
I'm out right now, average price was 721.6, I exited too soon around 722.-722.5. stops are .5-1.5 pts. targets are the same, and I try to hold onto some contracts to let them run with a stop above break even. I'm going to eat, and watch, things look slow and choppy.
We are still "net" negative 35,000 contracts and I am flat now from my last position trade LONG............. http://www.charthub.com/images/2006/09/22/ES_317_VB_4.png http://www.charthub.com/images/2006/09/22/ES_317_VB_6.png I am still in a separate SHORT ES swing trade from yesterday.............1318.00 is my next target for +20.00 points if we can get there in the next day or two.
Also, there is a big group of sellers from 1323.50 all the way up to 1326.00....they may defend their positions.....we will see. If we fail this area look for at least one new LOD today imo.
Here's a good setup I saw using the trin to go long with confirmation from SMH to go long. I'm going to SOH for awhile until a level breaks.