ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Problem with your potential resistance is that its up-trending within itself, so even if price reacts it can continue moving forward.
Ammo,
Hypothetically speaking, what would your performance be like in 2013 if you had done the same but from the long side.
Specifically, any losing months?
Business as usual.
You can also trade future options the same way.....as vert spreads...flys..whatever trips
your trigger... That may be what you mean the futures option instead of the cash?
can't scalp, really can't trade,;lousy at it anyway,just know how to read the charts,very little chance of a news story taking spu's up 40 overnight, one piece of fed sensitive news and that's likely for the downside, 5% stop on 1800 is 90 pt's, contrarian by nature so this suits the personality..hate being long,scared to be long, so i probably wouldn't have the patience to hold for the longer ride,and when these run ups leave a dozen or more fill in spots on that market profile, it's gravy, all mapped out, trading into new highs is uncharted waters,i'm using lines that go back to the depression,back to 02,92, don;t have a lot of faith in those trades,...short story , the market we have been in since 09,climbing on fear , has been great for the reversion schemes and who would the bulls buy from if there weren't a few of us around
Upper objective complete