ES Journal - 2012

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Quote from bigsnack:

BOOYA.
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I have a feeling we may have just seen the high of the day, but damn will you please remind me to hold a little longer... I have some good entries but tend to take the profit WAY too early... 1.5 points should have been at least 2.5 locked in right now, with potential for more...
 
Quote from JoshDance:

I have a feeling we may have just seen the high of the day, but damn will you please remind me to hold a little longer... I have some good entries but tend to take the profit WAY too early... 1.5 points should have been at least 2.5 locked in right now, with potential for more...
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you mentioned earlier that the profit covered an earlier loss,important not to think in terms of your nonexistant acct(in the mrkts eyes) and play the game in front of you
 
Quote from JoshDance:

I have a feeling we may have just seen the high of the day, but damn will you please remind me to hold a little longer... I have some good entries but tend to take the profit WAY too early... 1.5 points should have been at least 2.5 locked in right now, with potential for more...
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1300.50 tagged :)

Just keep practicing watching how price travels once it starts flirting with new volume "boobs". My experience is that once price enters a different pocket, it tends to travel all the way to the other side of the pocket. Certainly not always, but on a nice and strong bullish day like today, where there hasn't been a single low TICK close below -600, the odds are strongly in your favor. I know it's especially hard to hold if you are recovering from an earlier losing trade or whatnot. However, if you have an entry where price is pushing higher and is not likely to come back to your entry price unless the trend changes, your minimum profit should be 3 points.
 
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