ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; Originally Posted by rathcoole_exile o with oil chopping around in this tight-ish channel, I'm not going to look for any ...

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Old Nov 21, 2008, 6:21am   #41
 
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oil update

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o
with oil chopping around in this tight-ish channel, I'm not going to look for any more Reversal trades this week, so my resting orders are Long from extreme at 61.30 and short from extreme at 50.41
i missed the short at 50.41 for being drunk, which was probably just as well because i would have been stopped out twice, maybe 3 times, before the trade finally paid off.

i might see if price comes back up above 50.41 tonight for another final attempt at a short, but i have a feeling that i'm done with oil for this week
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Old Nov 21, 2008, 1:46pm   #42
 
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still have 2 contracts open, moving S/L up to 736,
profit target 761 or else I'll just exit towards the Close of the week
ouch !! sometimes it hurts to be this goooood

that's me flat gold til next week's weekly pivot plays
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Old Nov 24, 2008, 6:43am   #43
 
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ES Weekly w/c 24 Nov

rathcoole_exile started this thread HKZ
Cam: 870.51 & 831.26
DeM: 836.88 & 812.41

LKZ
Cam: 752.74 & 713.41
DeM: 741.04 & 694.13

have never seen such disparity between the Camarilla PPs and the DeMarks.
Looks like contradicting signals around 831/837


this week's action plan:
resting Buy Stops to go Long @ 870.5 & 837
resting Sell Stops to go Short @ 714 & 693

price moves into HKZ, reversal Shorts @ 831 & 812
price moves into LKZ, reversal Longs @ 753 & 741
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Last edited by rathcoole_exile; Nov 24, 2008 at 6:51am.
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Old Nov 24, 2008, 6:49am   #44
 
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daily ES Mon 24 Nov

rathcoole_exile started this thread HKZ
Cam: 826.79 & 809.39
DeM: 828.79 & 806.32

LKZ
Cam: 774.61 & 757.21
DeM: 774.7 & 765.5

tonights action plan:
resting Buy Stops to go Long @ 827 & 829
resting Sell Stops to go Short @ 765.5 & 757

price moves into HKZ, reversal Shorts @ 809 & 806
price moves into LKZ, reversal Longs @ 775
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Old Nov 24, 2008, 8:39am   #45
 
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i missed the short at 50.41 for being drunk,
What you doing trading drunk mate?
Stress getting to you?
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Old Nov 24, 2008, 2:01pm   #46
 
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rathcoole_exile started this thread nah, that's why i missed it, have learned my lesson: stay away when a drink's on me

stress, what stress ? this is the most stress-free trading style I've ever used, i love it !
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Old Nov 24, 2008, 2:03pm   #47
 
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OSCAR's VIEW on the WEEK

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this week's action plan:
resting Buy Stops to go Long @ 870.5 & 837
resting Sell Stops to go Short @ 714 & 693

price moves into HKZ, reversal Shorts @ 831 & 812
price moves into LKZ, reversal Longs @ 753 & 741
interesting video from Oscar this week - he recommends avoiding trading in the run up to the Thanksgiving weekend; and predicts a mini trend reversal prior to the holidays.
Caution advised, caution duly noted.

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Old Nov 24, 2008, 11:29pm   #48
 
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resting Buy Stops to go Long @ 870.5 & 837
resting Sell Stops to go Short @ 714 & 693
i kept getting stopped out at +1 & +2 from 837, I had to make several stabs at this one, which shows the importance of keeping faith with your technique/entries etc, but was finally rewarded with a nice +23 points runner
( I moved my stop to 60 once that was breached, missed the extra 5 or so points from the actual high, but I'm NOT complaining at a +23 runner )

I most probably would have wimped out for +13 when price got to 850, but this was a weekly trade and I rmembered Oscar's advice that trends often reverse in the days immediately prior to a long weekend, so I was a little more willing to stick with this one.

that's it for this week, no more trades, am off today for some R&R in Da Pilpines

good luck.
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Old Nov 24, 2008, 11:31pm   #49
 
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tonights action plan:
resting Buy Stops to go Long @ 827 & 829
resting Sell Stops to go Short @ 765.5 & 757
obviously the Daily Long trades both paid off superbly, providing a little bit extra spenidng money for the long weekend in Angeles City
see youse next week
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Old Nov 25, 2008, 12:19am   #50
 
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i kept getting stopped out at +1 & +2 from 837, I had to make several stabs at this one,
just one final observation - all the +1s & +2s I was getting, (plus a couple of scratch trades), where did all those 1s & 2s come from ?
From the Stop Running of all the Safety Stops put in by people going Short because their indicators were screaming "OVERBOUGHT - SELL NOW !!!"

wrong
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