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Let's just sell ES and come back next month. Damn!

I had a hard target on that trade because of yesterday's high, figured it would hold the first test. I guess the smart thing to do would've been to see if it breaks thru, but I've seen these levels sell off so hard at times and I was quite late to this long swing here, with ideal entry being 87.09.

out .67

long .37 for the break

Noooo! It's a symmetrical triangle!!! Stepping away from desk now...

I just noticed that, too. I guess the failure to break 1300 was a sell signal :eek:

I used 1-min chart and tick chart together to time that entry, but then after price came back up after the first small pullback, I started staring at the tick chart instead of switching to my regular TF and price expectation (breakout) to mange the trade.

I'm liking this tick chart for entry assistance, but I'm afraid it shook me out of my long too soon :(

Out for +.20

Stp moved to lock in .20

long .86, stp to be already

87.27 held loosely as R, yesterday's high now in play 87.66 I'd prefer to get in on a pullback, though

I was just going to post how I added the "pivot" to my chart and have used it for perfect exits this morning. But now I see my "perfect" exit at 86.84 was not so perfect after all :D ADD: It's one of those "just click BUY" moments...

My chart shows price at that level around 4:40 PST and your post was about 30 mins later, that's why I wondered how you got that price.

How did you get that price at the time of this post?

I believe it's key to have good plans. Every trade I had done on that particular stock over the previous couple months had been profitable and I had insane disaster stops and very small profit targets. That's the thing about counter-trend trading based on opinion instead of price action; it can...

My plan for that particular trade (a swing trade) was to hold until the disaster stop or my profit target was reached. I believed that price would never get to that stop (which was quite dumb as I was still quite the noob at the time), but it was my pre-trade plan nonetheless.

The current contract started trading actively on 1/18. Everybody who shorted it between then and right this minute is profitable. Everybody. So shorts have no reason to buy right now. Nobody who went long between then and right this minute is profitable. There's really no incentive for...

Where are you long from? Technically it looks way oversold, but then again the long term trend line broke out today and so anything can happen. I think you should follow whatever your plan was in the first place, even if it's painful. I had a very losing short position once in a stock and I...

RA, I've found that the best time take a profit intraday is about 5-10 minutes after you take a profit.