Patience is virtue

In personal account covered the trade from 1071.5 at 1068 when it jumped to retest 1070 but could not post on blog real time as it slipped to 63-64 rather quickly...but to be truthful to live trades as I have done always in past I continued to hold it on Model portfolio. I was convinced it will hit 1068 during overnight session but it fell back from 1065..Hope any one who took trade with me were able to get out between 1068-70 on retest. I Will be going ahead and posting my exit trade(will not count in model portfolio as doing here) even if they move few points by the time I get to blog it next time. I believe that should at least help people out in deciding their own trade.

One thing is sure that you need patience and lots of patience to exit from losing trade as far as you can still think with your cool head.

Out 1063.5

Will be out if we see 1064

Stop 1058

I am long above 59 basically

Back in at 1059.5

100% back in at 1060.5 with stop 1059

Stop adjusted to 1060

100% back in at 1060 with stop 1059

This could go to 1068 once it crosses yesterday's lows

Out 100% at 1058

Will reneter again

What a day...

My expectations for this sell off was not until Friday..Watching action...Hope you guys are doing better than me.

100% Long 1071.5

OCO order placed

50% stop 1075 Cover 1080
50% stop 1074 Cover 1085

100% long at 1078.25

Conservative traders can take half off at 85ish

Stop now 82.5

100% Long 1083.5 Stop 1082.75

Short covered at 1090 in Globex

Order got filled...

Thoughts tonight

Will keep this simple..Sticking with trade for now. Market needs to get out of its range. Lets see if market obliges and moves lower tomorrow. For now I have stop 1099. Cover order set for 1090 in case we drop overnight. Beyond 1099 i will be watching 1104 and 1120.

Position

I will post my thoughts some time tonight...for now stop is adjusted to 1099 on 50% short position I am holding.

Last try 50% in at 1096 with stop 1097.5

50% short @ 1094 Stop 1095.5

Any one back in at 1096?

I am back...but seems like I missed the entry..

OCO order placed

Short 1099 stop 1101 Cover 1088-

If you are aggressive can try at 1096-97 but I need to get away...Busy schedule

Out rest of 50% 1091.75

50% out at 1095

100% short @ 1098.5

Possiblity of 1104 during Globex

I may take trade there depending on how things are...For bears to gain control this needs to go below 1097.

Cover order placed if do not get stopped out

50% at 1094
50% at 1088

100% Short back in @ 1098

Stop HOD + .25

One more try 100% short at 1096.5

Stop 1097.5

Order placed for 50% position

OCO long 1083 stop 1081 Cover 1094
OCO Short 1094 stop 1096 Cover 1086

Need to get away

Overnight short thought

If 1087-88 does not breach to the upside...It might be good short...I will post trade if I take one.

Hurray! We reached 100 ES points without adjusting Position size

Just noticed that...:) ...Slowly like turtle we need to get to 100 ES points with position size adjustments.

Missed the long entry again

Will be back in when given opportunity

Out at 1082.5

Will wait to reenter.

Missed the exit at 83.5 now back

Order placed to be out at 1084

Will be gone for few minutes. Stop 1076

50% long at 1075