ES Journal - 2012

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Quote from trickshot:

Hide the prices? I don't get it... I got stopped out and the market went vertical after that, so I wasnt stop hunted or anything.

This thing is just terribly difficult to profit from, perhaps I need to look at B1S2's strategy.

you can change the color of the numerical price values on the chart to be invisible. Thus all your left looking at is the price bars but not actual numbers.
 
Quote from Spectre2007:

you can change the color of the numerical price values on the chart to be invisible. Thus all your left looking at is the price bars but not actual numbers.

Hmmm yea but how would this help me? :confused:
 
Quote from trickshot:

Hmmm yea but how would this help me? :confused:

instead of looking at numbers your looking at the bars and how they relate to each other. Each bid ask, is a microstructure support and resistance.

read books on price action if you can.
 
Quote from Spectre2007:

instead of looking at numbers your looking at the bars and how they relate to each other. Each bid ask, is a microstructure support and resistance.

read books on price action if you can.

I'm already looking at bars only, thats how I came to the conclusion that this thing is going down hard, but they got me before it went down hard.

I think MUCH wider stops might be needed to trade an instrument like the ES since it backfills so much, I should be looking at weekly charts, instead of the lower time frames, that could help.
 
Quote from iloveoptions:

Long 1377.5 adding 1368.25 stop 1362 target eod

note: This is the area were i like to add to the position, rather than placing tight stops.

Adjusting my add to 1364.75 stop at 1359
 
Quote from ammo:

stop is right at the bottom if we get to 63 cash,bad place to get stopped out

Ammo, thanks for the tip. Since none of us know exactly what the market will do next, I'm comfortable with that stop... for now, till I'm not comfortable, lol.
 
Quote from iloveoptions:

Ammo, thanks for the tip. Since none of us know exactly what the market will do next, I'm comfortable with that stop... for now, till I'm not comfortable, lol.

Also, just in case you were not aware 1359 is exactly 50% of the move from the Jun low to the Sept high (1250 -> 1468).
 
Quote from tomahawk:

Which is funny considering anyone who invested the day he took office would be up about 75% now, or about 18% per year.

It doesn't matter who was in office, mkt would have bounced regardless.

Just like in 2008, the market can do the same exact thing but this time around guess who is out of bullets. This one could be much worse. I wonder how all the bama supporters will feel then. If it does happen, at least reps can give the dems a taste of their own medicine "do you want to go back to the same policies that got us into this mess?"

I have one question, where dems complaining about policies and regulations while Bush was in office from 2000-2008 while their wealth grew exponentially? I think not.
 
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