We'll be lucky if we get more than15 point pullbacks from this point on without major negative news. Buy every FD!
ES Journal - 2014
- Thread starter murica
- Start date
Ammo,
Is that a screenshot from the Think or Swim software ?
I'm asking because it's quite pretty
.decided to take me profit at 90...a bit surprised the action was this strong. hope for more churn the rest of the week.
Exit strategy: Much much more important than entry. I didn't believe in that statement until I developed a very good exit plan that I can actually write out.... 4 ways of price movement that can help develop this plan:
1) Immediately goes in your favor.....recognize the PA of these based on your setup
2) Chopsn ear entry for a bit before going in your favor
3) Chops near entry for a bit before going against you
4) Immediately goes against you.
Recognize these, and add them in to your plan for ES trading. It can help you to cut your losers before they turn into large losers. This is often a bigger edge than you think in the ES
I only want my posts to add value to this forum. Even if this helps 1 out of 100 people. I've done my job.
1) Immediately goes in your favor.....recognize the PA of these based on your setup
2) Chopsn ear entry for a bit before going in your favor
3) Chops near entry for a bit before going against you
4) Immediately goes against you.
Recognize these, and add them in to your plan for ES trading. It can help you to cut your losers before they turn into large losers. This is often a bigger edge than you think in the ES
I only want my posts to add value to this forum. Even if this helps 1 out of 100 people. I've done my job.
Scaleout.Scalper
Guest
Entry defines risk, sizing, and if things go well ability to scale up exploiting leverage, without a well defined entry you cannot accomplish all those in a responsible manner.
Imo is all about the entry but its only my opinion
add 92 avg 88
reduce 92 (-4) add 92 5 add 93