ES tonight

This is a discussion on ES tonight within the Trading Journals forums, part of the Reception category; 8 july play 1: Buy Stop Long at 1247, target 1253, play 2: stop "n" reverse Short 1253, target1: 1247, ...

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Old Jul 8, 2008, 12:27pm   #1
 
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ES tonight

8 july
play 1:
Buy Stop Long at 1247, target 1253,
play 2:
stop "n" reverse Short 1253, target1: 1247, target2:1239, target3:1232

alternate play if price doesn't trigger play 1:
Sell Stop Short 1239, target 1232
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Old Jul 9, 2008, 11:13am   #2
 
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rathcoole_exile started this thread well i was dead wrong about the second play, 'cos price just bounced off the Weekly S1 at 1247 and never looked like coming back. So gains on the Long were hit by the stop loss on the Short.

9 July, pre-market opening play:
sell stop @ 1270, target 1266

will update if there is any intra-day activity
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Old Jul 9, 2008, 11:47am   #3
 
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rathcoole_exile started this thread sell stop raised to 1270.75

stopped out -3


-------------------------------
next trade

sell stop 1275 triggered, target 1271

out for +4

-------------------------------


now looking for possible bounce higher off the weekly pivot

-----------------------

took another +5 from 1271 to 1276
22:57hrs: Now flat awaiting a touch of PP or R1


22:30hrs
Buy Stop @ 1281, TP1285.5
Sell Stop @ 1266, TP1261.5


..
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Last edited by rathcoole_exile; Jul 10, 2008 at 4:48am.
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Old Jul 10, 2008, 5:00am   #4
 
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Quote:
Originally Posted by rathcoole_exile View Post

22:30hrs
Buy Stop @ 1281, TP1285.5
Sell Stop @ 1266, TP1261.5


..
oops, only took 4.5 points out of a 20+ move, 'cos my short trigger was correct but I could only set TP1 because I went to bed.
If I'd been up, I would maybe have kept a portion of the position open and gone with the runner. ah well, the methodology is the most important thing ...
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Old Jul 10, 2008, 5:04am   #5
 
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rathcoole_exile started this thread 10 july
results so far this week
+6 (x3 contracts)
-4 (x3)
-3 (x3)
+4 (x3)
+5 (x9)
+4.5 (x9)

these are full $ movements by the way, so multiply by 4 for actual trade steps
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Old Jul 10, 2008, 5:13am   #6
 
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rathcoole_exile started this thread Tuesdays action had bounced right off Weekly S1, yesterday's action dropped to it like a magnet and closed almost dead on it
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Old Jul 10, 2008, 2:01pm   #7
 
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rathcoole_exile started this thread 10 july
19:00hrs
pre-opening trade
current price 1255, sell stop short @ 1254,
t1 1251, t2 1250, t3 1248.5

safety stops @ 1259, 1260 & 1261

19:49 first two targets hit for +3 & +4
moved stop on remaining position to breakeven

3rd target hit for 5.5

total so far today +12.5$ (or +50 points)
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Old Jul 10, 2008, 4:08pm   #8
 
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rathcoole_exile started this thread sorry to call it late, but still in trade - took short at 1249, target 1 & 2 hit, target 3 1242

+3, +5, +7

+27.5$ today so far
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Old Jul 10, 2008, 4:22pm   #9
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Quote:
Originally Posted by rathcoole_exile View Post
10 july
19:00hrs
pre-opening trade
current price 1255, sell stop short @ 1254,
t1 1251, t2 1250, t3 1248.5

safety stops @ 1259, 1260 & 1261

19:49 first two targets hit for +3 & +4
moved stop on remaining position to breakeven

3rd target hit for 5.5

total so far today +12.5$ (or +50 points)
Great stuff! Thanks for publishing what you do with your stops - I hope to learn a lot from this.

Joey
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Old Jul 10, 2008, 4:54pm   #10
 
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rathcoole_exile started this thread thanks Joey, not sure there's much i can teach you, you seem to be doing ok.

there was a text book bounce off S1 at 1236.
i didn't take it, i might be done for the day already unless something stands out.
over to Gold now, 'cos that's looking a bit interesting ....
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