ES 10-09-08


  • 0
  • Akola
  • 9-Oct-2008 at 9:25 AM
  • Rep: 100
  • Posts: 323
buying @ 998.5

stop 994.5

i think it goes to 1010 - 1015 and back to the lows.
  • 0
  • Benny
  • 9-Oct-2008 at 11:42 AM
  • Rep: 100
  • Posts: 136
got it thought so thnx
  • 0
  • CharterJoe
  • 9-Oct-2008 at 11:49 AM
  • Rep: 4,475
  • Posts: 2,352
Short 989
  • 0
  • koolblue
  • 9-Oct-2008 at 11:50 AM
  • Rep: 48.6k
  • Posts: 16k
WOKE up and sold 988.50 for one only, quick scalp
  • 0
  • koolblue
  • 9-Oct-2008 at 11:51 AM
  • Rep: 48.6k
  • Posts: 16k
covering now
  • 0
  • CharterJoe
  • 9-Oct-2008 at 11:52 AM
  • Rep: 4,475
  • Posts: 2,352
The reason I shorted was $ticks at the high of day, ES almost at sq nine 993 but was going into it stalled, and 1 min RSI almost exhausted. Covered 983.75 +5.25
  • 0
  • koolblue
  • 9-Oct-2008 at 11:53 AM
  • Rep: 48.6k
  • Posts: 16k
out 984.50..plus 4 ..up8.25 on the day... reasons: just the very short term overbought nature of the market(1 min and 5 min)
  • 0
  • koolblue
  • 9-Oct-2008 at 11:54 AM
  • Rep: 48.6k
  • Posts: 16k
low coming 11:55-58
  • 0
  • koolblue
  • 9-Oct-2008 at 11:57 AM
  • Rep: 48.6k
  • Posts: 16k
buying one 980 area
  • 0
  • koolblue
  • 9-Oct-2008 at 11:59 AM
  • Rep: 48.6k
  • Posts: 16k
had to take a market fill, clicked at 980.50, filled 981.50... sheese!
  • 0
  • CharterJoe
  • 9-Oct-2008 at 12:00 PM
  • Rep: 4,475
  • Posts: 2,352
FWIW 973 is -38.2% from the 1576 highs.
  • 0
  • CharterJoe
  • 9-Oct-2008 at 5:50 PM
  • Rep: 4,475
  • Posts: 2,352
quote:
Originally posted by koolblue

YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!


Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.
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