Live Indices Trades

[wasp 10]

Long YM 517

 

Stop @ 502

[firewalker 10]

Long YM 517

 

look who we have were

no stop?

 

my final trade of the day: DOW long 12507, tight stop @ 500.

[86834 10]

Yeah it was a scalp with the potential for a follow through to the downside. I've marked out the entry and the exit on the following graph. 1378.00 was the measured move of the value area traded off

 

 

To answer your question if the trade had potential at all. Remeber what the overall picture in this market is, and where the value areas are. In the following i've drawn in the market levels. Look at how the market is reacting at these points, and how it plays to the market structure and capital flow.

 

[86834 10]

Also scalp long from 1379.00, sorry i forgot to post. Chart attached.

 

[86834 10]

stopped out at 81 on a trail for + 2

[wasp 10]

Long YM 517

 

Stop @ 502

 

 

:doh: :o

 

.......and back to FX :ciao:

[postman 10]

short dow fut 12549 stop 12571

 

Stop down to 525 now - limit still 445

[86834 10]

Messing with that scalp caused me to take my eye of the ball. Made a school boy error and missed my main trade :doh:

 

See in the the chart below the value area that i marked out at the top of AB period (initial balance). We traded away from it, and came back to retest in i D period for a nice trade, but i was messing about with a scalp for 2pts

 

[firewalker 10]

Stop down to 525 now - limit still 445

 

Good trade! I should drink less in the weekend... :\

 

fwiw, 365 is my downside target

[wasp 10]

Good trade! I should drink less in the weekend... :\

 

Shouldn't that just be 'week'

[firewalker 10]

Shouldn't that just be 'week'

 

I see you're still projecting your own troubles towards others.

Haven't they taught you that acceptance is the first step? :rofl:

[wasp 10]

I see you're still projecting your own troubles towards others.

Haven't they taught you that acceptance is the first step? :rofl:

 

Oh don't worry, I am in a very happy place with my drinking!

[postman 10]

short dow fut 12549 stop 12571

 

The temptation to close is high ... stick to the plan ... stick to the plan ...

[postman 10]

The temptation to close is high ... stick to the plan ... stick to the plan ...

 

Yes !

 

Stop to 480

[firewalker 10]

Long YM 517

 

Stop @ 502

 

Curious, what was the traded based on?

 

Today's action got me totally off my feet, I must admit. Figured any move above 520 was positive, but it only lasted for a short time and the only reason we got above seems to be because of news :\

[wasp 10]

Curious, what was the traded based on?

 

Today's action got me totally off my feet, I must admit. Figured any move above 520 was positive, but it only lasted for a short time and the only reason we got above seems to be because of news :\

 

erm, coin toss basically!

 

Well, in part due to the NQ not retracing like the YM did so as the NQ stayed strong, I figured the YM might follow it back up....

[firewalker 10]

erm, coin toss basically!

 

Well, in part due to the NQ not retracing like the YM did so as the NQ stayed strong, I figured the YM might follow it back up....

 

Yeah that was another reason I felt reasonable comfortable in my longs ...

Although have to say, I am still very bearish on this instrument. Got wrong footed today.

[postman 10]

short dow fut 12549 stop 12571

 

Out at 480 for a +69 (always nice :o)

 

Think I trailed my stops too close though.

Edited May 28, 2008 by firewalker
colours

[firewalker 10]

Messing with that scalp caused me to take my eye of the ball. Made a school boy error and missed my main trade :doh:

 

See in the the chart below the value area that i marked out at the top of AB period (initial balance). We traded away from it, and came back to retest in i D period for a nice trade, but i was messing about with a scalp for 2pts

 

 

I try to focus on 'main trades' alone and forget about scalps.

But well done on the points today :thumbs up:

[smbtnt 10]

Out at 480 for a 69 (always nice :o)

 

Think I trailed my stops too close though.

 

well done mate!

[firewalker 10]

Out at 480 for a 69 (always nice :o)

 

Think I trailed my stops too close though.

 

nice points :applaud:

why short at 545 though? I have nothing there... only 520 and 570

spot on entry, care to tell us how you managed that one so well

 

small bounce of 460 imo, I still think break is imminent

[86834 10]

i'm calling it a day with 4 ES points in the bag. Got stopped out on my first trade for -2pts, then traded back 6pts. Totally kicking myself tho, because i made a right hash of today. :crap:

 

4 ES pts still better than nothing i guess.

[postman 10]

nice points :applaud:

why short at 545 though? I have nothing there... only 520 and 570

spot on entry, care to tell us how you managed that one so well

 

small bounce of 460 imo, I still think break is imminent

 

I have a 5minute chart going back weeks with an upper trendline at that point (i'll post later).

 

i also think that 440 will be a double bottom and up from here - though no real evidence for that yet.

[Phil Mibbutz 10]

Slightly delayed post (is TL working properly today?) of long 450, but no wide stop this time. Out if fall looks like continuing, and 15-20pt will do nicely.

[Soultrader 12]

Long ES 1374

Stop 1372.75

 

Will post a chart shortly.