ES has built a rocket...

  • Thread starter Thread starter krugman25
  • Start date Start date
volente_00 said:
Sorry Chuck

Volente is still short

And longs are stuck


:)
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You have skin in the game and I can respect that. I would say good luck but that would mean bad luck for me, so i'll just say, see you on the other side of the trade.

Peace
 
krugman25 said:
You have skin in the game and I can respect that. I would say good luck but that would mean bad luck for me, so i'll just say, see you on the other side of the trade.

Peace
More...


I just read this thread for the first time

Your long SPX from 2880 ?

What is your stop and objective?

I always like to hear others opinions even if they don't necessarily agree with mine

That is how one grows as trader and a human
 
volente_00 said:
I just read this thread for the first time

Your long SPX from 2880 ?

What is your stop and objective?

I always like to hear others opinions even if they don't necessarily agree with mine

That is how one grows as trader and a human
More...

It's a technical setup that I like to trade, a pin bar from key support within the right market context. Stop area would be below the weekly candle that triggered the entry. Because we would be in ATH territory, I would probably just do a Peter Brandt 3-day trailing stop rule, or something similar. I have done that a lot more this year with really good results, but i'm still playing around with different variations.

My personal opinion is I think the market is a joke and is ripe for a selloff, but I don't trade my opinion. I just trade this setup mechanically like I have many hundreds of times before.
 
I traded about a dozen of these live from my journal earlier this year if you are curious what I see when I take these setups. 90% of those trades I walked away with winners, and I think I averaged around 2.5 to 1 reward:risk ratio on those.

Still, I go into every one of these trades fully accepting the potential max loss.
 
Got stopped at break even on short. Short again at 2926. This could be a trade held into November.
 
volente_00 said:
I just read this thread for the first time

Your long SPX from 2880 ?

What is your stop and objective?

I always like to hear others opinions even if they don't necessarily agree with mine

That is how one grows as trader and a human
More...
Hi,
There is another "objective" other than price, and it is time, not price. I'm looking to hold my short into November using my cycle analysis to see approximate timing of price highs and lows. Expect a low in late October or early November. And then there may be a buy trade in the second half of November for a swing trade of a few weeks.
 
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