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I don't ever trade a position too large for my account. I quit doing that 20 years ago. The ego bit I'll leave to the psychologists...although I will admit to enjoying taking a profit. OldTrader

Yeah, I'm familiar your thoughts on scaling. I've always been one to scale out. It reflects the fact that I'm a discretionary trader. I don't use indicators. So I rarely have an exact point where I think I should do something. So I make a trade....see what happens and how I feel about it...

Technically I was eyeing the gap at 1292.25, and the last peak at 1294.00 as areas that I wanted to see penetrated quickly. So the plan was to take 1/3rd pre-market and let the rest run. But when we didn't bolt quickly, especially after the first 30 minutes, I had had enough. Holiday...

Sold the last 1/3 ES at 1291.00. OldTrader

Decided to sell another 1/3rd of the ES from 1277.00 at 1291.75. Moving stop on the remaining 1/3rd to breakeven for now at 1277.00. OldTrader

Sold 1/3 of the long ES from 1277.00 at 1290.50, for 13.50 profit. Holding the remaining 2/3rds with the stop at 1271.50 for the moment. OldTrader

Placing stop this morning at 1271.50. OldTrader

That sounds like a good reason not to use stops eh?:D OldTrader

Why are you using TWS charts? I'd try one of the other charting possibilities. Quotetracker, Sierra, or Ensign. I'd also suggest doing Kiwi's recommendations, particularly downloading the java version he suggests. OldTrader

Normally I just cancel my stop overnight as mentioned in the past. But in this case, I'm going to move it down to 1262.00 overnight. I'll move it again in the AM. OldTrader

I nibbled a little at the ES at 1277.00. Stop for now at 1267.00 OldTrader Edit: Long.

NQ is more negatively impacted by oil prices than ES. OldTrader

I'll help you out here....I'll stop posting in this journal. R10 is not a technique I trade with. Nor do I use moving averages. That said, I don't think it can be said too many times....there is an inherent conflict between the R10 methodology and moving averages. And there has been...

Little did I know when I posted in this thread that I would be confronted and put down by a guy whose primary qualification seems to be that he has written a report. LOL. I guess my 30+ years of buying, selling, renovating, and holding for rental several hundreds of single family homes and...

No, it's not efficient at all. Take a seller whose house needs signficant repair. Who is he going to sell to? He can't sell to the retail buyer, because the retail buyer's lender won't loan against a house that needs that much repair. So he has to sell to someone with cash....and that is...

Don't change my words around. First chart....price dropping, moving averages headed down. Second chart at 10:40, price rising, moving averages moving up. Similar situations, except in reverse....I know it's complicated for you....but try to see the similarities. At 10:40 the chart didn't...

Here's how you said you used moving averages: Your words, not mine. By the way, where's your short using the chart? Use hindsight to tell us where you would go short. Just make sure you use your moving average principle when you do it. OldTrader

Let me help you out. I wouldn't spend too much time away from your reading....StockMarket 101. Now, like I said, look at your moving averages at 10:40. Moving averages moving straight up. Exactly the time you should have been selling. In fact, if we go back and review your posts today...

Thanks for the info. I've been buying houses for investment for 30+ years. I know what comps are. LOL. OldTrader

You got the day right. But your lines didn't predict it. Take a look at your lines at 10:40 EST. What were they predicting? LOL. Take a look at your lines at 2:45 EST. What were they predicting? If I were you I'd shitcan those moving averages. They aren't doing anything for you that...