ES tonight

rathcoole_exile · Jul 8, 2008

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

rathcoole_exile · Jul 9, 2008

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

rathcoole_exile · Jul 9, 2008

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

..

rathcoole_exile · Jul 10, 2008

rathcoole_exile said:
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 ...

rathcoole_exile · Jul 10, 2008

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

rathcoole_exile · Jul 10, 2008

Tuesdays action had bounced right off Weekly S1, yesterday's action dropped to it like a magnet and closed almost dead on it

rathcoole_exile · Jul 10, 2008

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)

rathcoole_exile · Jul 10, 2008

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

Joey25 · Jul 10, 2008

rathcoole_exile said:
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

rathcoole_exile · Jul 10, 2008

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 ....

rathcoole_exile · Jul 10, 2008

although I'll hazard a small (3 lot only) resting long buy stop at 1258 with targets of 1260, 1261 & 1263
and tight loss stops at 1256.50, 1255.50 & 1255

rathcoole_exile · Jul 10, 2008

ticks vs time

two noteworthy points -

look at the beautiful short divergence on the tick chart that isn't so obvious on the time chart

and secondly, on the time chart, look at the significant role that Pivots play

which chart would you rather observe ?

me ....... both !

rathcoole_exile · Jul 11, 2008

rathcoole_exile said:
although I'll hazard a small (3 lot only) resting long buy stop at 1258 with targets of 1260, 1261 & 1263
and tight loss stops at 1256.50, 1255.50 & 1255

not triggered, so +27.5 on the day

rathcoole_exile · Jul 11, 2008

11 july

18:46hrs pre-opening trade:

buy stop long @ 1245, target 1249, safety 1239
only 3 lots, so only 1 target

19:00hrs
stop buy brought down to 1242, target 1245.5

19:30
stopped out for a loss of -5

rathcoole_exile · Jul 11, 2008

11 july
19:32hrs
trying again
stop buy long in @ 1244
T1 1245.50, t2 1247, t3 1249 (will maybe move it if momentum suggests)

safety stops @ 1240, 1239 & 1238

18:34hrs, resting order cancelled

Joey25 · Jul 11, 2008

Calculation of pivot points

Garry,

If you don't mind me asking, are your pivot points a rolling 5 day number with the:

H = High of previous 5 days (excluding today)
L = Low of previous 5 days (excluding today)
C = Yesterday's close

Or do you update at intervals throughout the current session aswell?

Thanks,
Joey

rathcoole_exile · Jul 11, 2008

Joey25 said:
H = High of previous 5 days (excluding today)
L = Low of previous 5 days (excluding today)
C = Yesterday's close

.

DC STOXX · Jul 12, 2008

Thanks for the charts, did you have fun in this evenings session? Mental volatility...i enjoyed it..eventually

rathcoole_exile · Jul 25, 2008

now THAT's what I'm talking about

a perfect PP Fade tonight
short at yellow arrow @1261.50, stopped out with Trail at white arrow @ 1256.5 for 5 full points
New Stop Entries set, Long @1263.50, Short @ 1251

(breakthru of PP target1 Mid point of R1-PP; target2 R1)
(breakdown at Midpoint between PP & S1, target S1)

Joey25 · Jul 25, 2008

rathcoole_exile said:
a perfect PP Fade tonight
short at yellow arrow @1261.50, stopped out with Trail at white arrow @ 1256.5 for 5 full points
New Stop Entries set, Long @1263.50, Short @ 1251

(breakthru of PP target1 Mid point of R1-PP; target2 R1)
(breakdown at Midpoint between PP & S1, target S1)

I went for a 6 pointer off the daily PP at sell limit 1262.75. It worked, but I didn't get filled!
Still, learning something off you.

Cheers,
Joey

ES tonight

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