S 1451.00
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal - 2012
- Thread starter Buy1Sell2
- Start date
- Status
- Not open for further replies.
Quote from Handle123:
Long 1451.00
R5
TP 4/8
I seldom ever risk more than 2 ticks on mental stop, although I do have a hard stop at 3.00 points. Only time I use bigger stop is when I see a pattern of forming a Secondary low and the DOM shows much more total volume on the Ask side for five levels.
I only trade off one minute charts, but do have 60 minute and Daily chart in case of getting near a trendline where I might extend target, take bigger volume of contracts or avoid trade altogether, I certainly don't want to buy into a downsloping trendline on the 60 minute when I know my longer term automatic program will be selling there.
All my testing shows I can make a two tick move over 90% of the time, but I prefer to target more cause too often I don't get filled if it just goes two tics, so if market goes three ticks, it will most likely go 4-5 ticks. But I am watching the DOM volume very closely as am looking for a flip flop or tightness closing in that tells me there is a 70% probility that there will be a three tick change in price.
Plus 4/6
Quote from Handle123:
Sold 1451.75
R 6
TP 4/8
Secondary high formed this time, very quick rise, huge diff between price and EMA and waited for a very tiny retracement to be broken to sell retracement.
I have found it better to get out early if I am on top of price ending in "00" or "50"
Plus 4/7
S 1451.25
- Status
- Not open for further replies.