Monday, August 22, 2011

Sunday, August 21, 2011

Long ES 1113

Possibly is early but worth it...

Thursday, August 18, 2011

Long 1134

Wrap up

So yesterday they hit my stop at 1182. I ve been looking for a backtest of 1205 area yesterday to short but it never came. So I am flat, sitting on my hands and spending some vacations days. Not in a hurry to enter shorts, I believe it will come to us sooner than later, I have several spots in mind but as  said before, no rushes, just enjoying holidays:

Previous trade ( check disqus comments at previous post, I am updating positions via Disqus to assure there is a time stamp in all comments) .

long 1099.5 ( in fact due to a an initial scratch, I finally entered at 1102)
covered 25% at 1113
Covered 25% more at 1200.5
added at 1190.75
stopped for all at 1182


Monday, August 08, 2011

Cheer up!

Ok, I failed to see Mrs. Mkt wishes last several days. She is really weird lately. But we are gentlemen, we don't lose our manners when results go against our interests. All the opposite. We keep our best presence and we stand up.I was very lucky in my early years to learn and play 3 sports very different but so similar at the same time ( Box, Golf and Rugby) that were created and fostered under that principle,  which is clearly British to say the truth and I am proud of having learned  that humbleness and honor are nothing but synonyms at those sports. Life in general and trading in particular are no different IMO.

And by the way, we are ready for the next one:

We also know how to cheer up.





See ya at the Gym, 19th Hole or 3rd Half...


Ok bears, you really impressed everyone. But convinced only suckers.



"Vencerán pero no convencerán"


Don Miguel de Unamuno








You spent all your Sunday money fat greedy boy... see ya tomorrow.


BTW, I still see weekly close above ES1180, to be conservative

LONG NQ 2073

SL 2050

Wise kid makes his Sunday pay last as long as he can, dumb kid spend it all of a sudden an pretends to be the King but only for a single day...
Size matters , but too high speed matters even more.


What we expect for today ....


Friday, August 05, 2011

I 'd get the heck out of shorts at 1163.5 - Someone really BIG is against ya :)

I know I know, this patacon guy again with his crazy stuff, sounds like a broken record.
Todays setup at 1283 gave a 20 pts rally now it looks like failed, I guess it has only gained strength. ( BTW , I covered some and stopped at 89.5 from that one.. not that bad)

Both moves has an author other than me, much more kowledgable. I wouldn't fade him

GL to all as usual

and yES I am long again now, weekly close may surprise to many ppl :)

Aggressive traders may try long at 1183 area or briefly lower low,

60 pts target.
BE nimble if it does not react bullish quicly

VERY RISKY

edit 10:10 - ok, looks good, be active at managing: One could cover some at 1212, 1227, 1241
put SL at BE

edit 10:56 - too slow, nothing wrong with taking some off the table now if you are still long, DO USE STOP LOSS

Thursday, August 04, 2011

down side is over at 1212.25 IMO

all bulls from now on, untill next update

Let's rock!

Wednesday, August 03, 2011

ST - bounce play

I see 2 possibilities right now (2:28 PM EST)

  1. buying 1237 ES , at next touch.
  2. waiting for the retest of 1230, this one is safer but may not come.


Keep in mind this is counter trend trading, risky and not advisable for others than very experienced traders.

GL

Monday, August 01, 2011