Behold NQ! Probably gunning for 2700.
ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
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Long @ 36. Stop @ 34,50. Target 40.
Rationale: I`m betting that prior resistance will act as support both here and on NQ.
Maybe I`m too late to the show.
Rationale: I`m betting that prior resistance will act as support both here and on NQ.
Maybe I`m too late to the show.
Quote from Laissez Faire:
Long @ 36. Stop @ 34,50. Target 40.
Rationale: I`m betting that prior resistance will act as support both here and on NQ.
Maybe I`m too late to the show.
So, targeting 4 pts while losing 1.5 pts
R:R = 4/1.5 = 2.33
Nice R:R!
A plethora of such trades can make anyone very rich
That is what I`ve figured as well. I've taken multiple small stop outs and racked up losses on days where most of my entries were well in the green by trying to catch one big winner and accepting retraces against me.
If my multiple small stops add up to losing days, so should multiple modest or small winners add up to winning days.
Not supra-confident in this trade though, but I've passed on similar long trades lately that would have been rewarding. Could be that we pull back slightly deeper than I expect.
Asking 1444.25 Dec, add 1450, with a stop at 1452.
Stop @ 36,25. Not interested in taking on more risk than that in case we still top out here.
Target remains 40, but will probably watch what happens if and when we take out 38,50.
Will also keep a close eye on NQ @ 2700.
Flat at 40,50.
Got 41,50 as a technical upside target, but I would not dream of shorting this. :eek:
up up up.. feel good.. sentiment cycles sure are interesting.. price action .. price structure paints sentiment.. Its just not USA.. BOJ .. Europe.. .. all inline for feel good year end.
Please keep shorting, EliteTraders!
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