ES Journal - 2015

friday mark 8 day of greater high culminate in short squeeze friday. i would take profit now,if i long any those days (i am not),hope buy back low.

my thought.
 
There were 4 very distinct entries and exits from the long side intraday today on the 1 minute chart. All would have been successful with a 2 pt stop. I hope you were able to take advantage. As for me--my outraday position will be kept on here looking for more upside. As you may know I recognize the closing price as the most important price of the day and especially on Fridays. Closing price today was good. Keeping stop the same for now. --Izzy
 
Buy1Sell2 said:
Would like to see traders mention the time frame chart they are entering and exiting on and how large the stop is. I am thinking that on a 1 minute chart, that perhaps no more than 2 points should be the stop and the target should be no less than 6 points. --a 5 minute chart trade would have no more than a 6 point stop with no less than an 18 point target, and a 15 minute chart trade would have no more than a 10 point stop with no less than a 30 point target. --Your thoughts are welcome.
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my thought, these arbitrary value in absence of methodology meaningless? i not big fan of arbitrary 'stop', because, they, 'arbitrary'. :)
 
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