ES Journal - 2012

[Laissez Faire]

NQ did not make new lows. Could be the bottom here.

Scratch.

 

[ammo]

dow

 

[ammo]

reduced

 

[ammo]

nq 2640

 

[vinc]

only B1S2 should write here , the rest is nonsense.. in case you asked me

 

[gmst]

Quote from Laissez Faire:

Having a trade traveling 11 point against you from a 5 point profit to a 6 point loss surely is not a small stop? Assuming day trading here. Good trade!

In my understanding, its not a good idea to evaluate a trade mid-way for R:R. When I took the trade, I entered at 1409 with a 6 point stop and 8-9 point target. Evaluating a trade mid-way in many cases leads to capturing smaller targets. Smaller targets and smaller stops with retail commissions and 0.25 spread on ES makes trading ES very hard.

 

[ammo]

spx 04-06

 

[ammo]

Quote from gmst:

In my understanding, its not a good idea to evaluate a trade mid-way for R:R. When I took the trade, I entered at 1409 with a 6 point stop and 8-9 point target. Evaluating a trade mid-way in many cases leads to capturing smaller targets. Smaller targets and smaller stops with retail commissions and 0.25 spread on ES makes trading ES very hard.

i agree , the stop is just in case,you wouldnt ride it back to it

 

[Trvlwanderer]

Quote from Laissez Faire:

Okay, so we reversed off yesterday`s close to the tick and now bounced off S1 to the tick.

Random?

Should not be random. Those are legitimate areas of concern. Their probability does fluctuate though....some times they are a higher probability, some times and some market conditions, they have less impact.

 

[Trvlwanderer]

bull flags on 15 min / hourly bars for trans, indu, naz, financials, and cash spx.

3-5 day period.