ES Journal - 2012

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Quote from bigsnack:

No pullback for me either.
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Looking to short if 76-77 has sellers again if tested... my premise is that this will continue to stay in range.

edit: though, I would prefer to be a buyer for maybe a 5 to 7 point trade, instead of a seller for a 2 to 3. We are in the upper 50% of yesterday's range for all of today, and have found buyers near the mid of today's range, so a long still is favorable to a short. But I will go either way right now, depending on the location.
 
Quote from Instynct:

I had similiar experiences when I first started trading futures. Started off with TF back when it was trading under the symbol ER, used trendline breaks to enter, and racked up some decent wins for maybe a couple weeks. This is before I knew the importance of price levels. I thought wow this is great, and even contemplated leaving my day job at the time. When things stopped working I started adding indicators, tweaking settings around, adding multiple indicators, paid for fancy customed indicators, all to no avail and blowing up a few mini accounts in the process.

It's interesting to look back at how I ended up winnowing down all my chart tools as time went on, essentially coming back full circle to good old fashion support/resistance, horizontal price levels. No doubt all part of the learning curve.
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Yes sir. Same here.
 
Quote from lucky lucille:

Does this mean get short??:confused:
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Sorry, no. I always buy low TICKs and sell high TICKs. If the TICK is closing above +600 I am looking to buy any low TICK readings.
 
Quote from bigsnack:

Sorry, no. I always buy low TICKs and sell high TICKs. If the TICK is closing above +600 I am looking to buy any low TICK readings.
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ok, thanks for the explanation. Don't use TICK but should look at it.

Can we just sell off here and then go up in about 1/2 hour or so, or is that too much too ask?
 
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