ES Journal - 2012

[ammo]

Quote from ammo:

reduce 55

avg 54 reduce 41, that blue line is the 1937 n 87 highs extended, a major resistance,..put these back out at 40.25 , 38 bid for a reduce

 

[ammo]

Quote from ammo:

avg 54 reduce 41, that blue line is the 1937 n 87 highs extended, a major resistance,..put these back out at 40.25 , 38 bid for a reduce

cxl 38 bid

 

[DanS]

Quote from DanS:

Long 48.50, stop 46.50, target of 58.80

Bad read

 

[Spectre2007]

8 am counter trend- sell - 1450-51
11am trend - sell - 1438.50-1439.50
noon counter trend - buy - 1438-39

 

[Humpy]

Quote from ammo:

i dont know, i just know that it moves down til it finds buyers,up til it finds sellers,mp shows those congested areas where there are the most waiting,so i just ride it from point to point, the widest nips are the largest supply of either and the other spots they are there but not as many ,it just moves from target to target,imperfectly, as does everything in trading

Thanks

As to the question we can see in hindsight it was B

 

[Spectre2007]

Quote from Spectre2007:

8 am counter trend- sell - 1450-51
11am trend - sell - 1438.50-1439.50
noon counter trend - buy - 1438-39

basically:

8am trend indication is false, you counter the signal your trend system is signaling. So the system was indicating go long at 8am.. but you do the opposite.

at 11am you go with the direction of the system. At 11 the system is indicating trend direction so you go along with the system.

at noon you go against the trend, if your trend system is indicating sell cover the initial short positions.

 

[ammo]

imf meeting in tokyo tonite http://www.forexfactory.com/calendar.php?#detail=45862

 

[atticus]

Long ES from 40.75. SL 35.50

 

[Handle123]

Short 1439.50

risk 4 ticks

Targets 4/8 ticks

 

[Handle123]

Quote from Handle123:

Short 1439.50

risk 4 ticks

Targets 4/8 ticks

Scratch