Lord Flasheart
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Best Thread Live Trading and General Chat Lounge
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Lord Flasheart
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Had a pull back on aussie,so
Long aud/usd at 1.0244 sl 1.0320
Long aud/usd at 1.0244 sl 1.0320
Lord Flasheart
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wackypete2
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short ES 1372.25 stop 1374.25
wackypete2
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move stop to BE
wackypete2
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exit 1369.75 +2.50
wackypete2
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Wasn't paying attention to EJ - missed a nice short.
Peter
Peter
robster970
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wackypete2
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for anyone interested in why I took the ES short. Both Nasdaq and SP500 were up but both Apple and Google were nosediving. Eventually they would almost have to drag down Nasdaq and the SP500 since they are heavily weighted. I saw a decent entry and went for it.
Peter
Peter
robster970
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Why put your stop at 74.25 Pete - surely above 75.25 would have been the 'sensible' place seeing as the session high was 75.25.
Curious really.
wackypete2
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If I was trading a technical pattern you would be correct and I probably would have held out for another point or so profit but this trade wasn't really technical just more of a feel that ES would move down quickly based on apple and google. I was only in it for a quick move so I didn't want to risk much in case my "feel" made me look stupid
Peter
wackypete2
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The only reason I was even looking at ES, apple, and google was because the fx markets were dead. I started watching the pre market action about an hour before NSYE opened.
Peter
Peter
robster970
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To be fair, if it had re-tested the high at 75.25 I would probably have bailed around 76.25 as it does try quite hard on re-tests usually, so I can see 74.25 for a momentum based punt is as good as anything really.......
BTW, the real reason you check out ES is because she is a foxy vixen of a market when you get tired of hanging out with the tired old hags that are the major fx pairs.
Lord Flasheart
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will stay with aussie trade,it could go back to the line but i can always re enter from an even keel
Lord Flasheart
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really like cad short but correlated with aussie so will leave
wackypete2
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Feeling better, I hope.
Peter
Peter
splashy
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I feel ok about putting stop to b/e already because it happens to be just beneath the low of previous 15 min candle which i like doing anyway. Sitting at +20 now so going well. Hopefully make a small killing here...
splashy
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if i don't get what i want from this its because i was beaten by the fibs. If you use yesterdays high and todays low, the price ranged along the 23.6 retracement for most of the day, broke through and paused at the 38.2 and has now rebounded off the 50. As long as it doesn't retrace past the 38.2 i'll be ok. I'll probably flog it at 61.8 if it reaches that far.
