Eclectic

Just curious, was it rookie because it was a counter-trend trade in the face of a major trend?

Or did you follow your regular position trade entry rules?
 
Quote from Sponger:

Just curious, was it rookie because it was a counter-trend trade in the face of a major trend?

Or did you follow your regular position trade entry rules?
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It was rookie because it was countertrend. :)
 
Quote from Buy1Sell2:

Out this afternoon at 116.900. I didn't post in real time, so I must take 117.480 as my exit for journal purposes. This was a rookie type of trade---
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B1S2, isnt the last trading day on CL futures 3 days before the preceding month? in this case today?
 
Quote from whoispaul:

B1S2, isnt the last trading day on CL futures 3 days before the preceding month? in this case today?
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I am looking at June now that I am out of May.
 
Quote from Buy1Sell2:

Short Euro FX at 1.58800 Initial stop 1.60360:)
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Looking decent so far. Stop has been lowered to 1.58620. Canadian is losing of course and I have continued my stop at .97500.

Also, lost 17 points in ES this week. --but gained roughly 60 points in ES last week. :) (from ES Journal)
 
Quote from Buy1Sell2:

Looking decent so far. Stop has been lowered to 1.58620. Canadian is losing of course and I have continued my stop at .97500.

Also, lost 17 points in ES this week. --but gained roughly 60 points in ES last week. :) (from ES Journal)
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Hello B1S2,

You just lowered your stop on the EUR. Why to exactly this price?
Why not 10 pips higher or lower?

You general rule on stops is: outside the reaction high/lows.
The reaction high on the 60m is (I would say) from a few bars ago (1.5840)
Why 22 pips more?

Or is your stop determination a mouseclick based on visuals, and did it happen to be 1.5862

Just trying to get a better understanding in your stop determination rules.

Thanks!!
 
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