IMO, the tradable ranges will be most easily identified using a larger bar interval, e.g. 15 to 60 minutes. There are "ranges" everywhere all day long on smaller bar interval charts, and it is easy to miss the forest for the trees lol.
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
IMO, the tradable ranges will be most easily identified using a larger bar interval, e.g. 15 to 60 minutes. There are "ranges" everywhere all day long on smaller bar interval charts, and it is easy to miss the forest for the trees lol.
Three important rules of the ES Journal are worth mentioning again here:
1) Personal attacks are not allowed
2) Foul language is not permitted
3) Trades posted without stops are disregarded for journal integrity purposes
--Thank you for your consideration-- Izzy
(Ditch, please adhere to these. I have several on ignore now and I don't want to enter you as well. This is not the place for personal attacks. Thanks)
1) Personal attacks are not allowed
2) Foul language is not permitted
3) Trades posted without stops are disregarded for journal integrity purposes
--Thank you for your consideration-- Izzy
(Ditch, please adhere to these. I have several on ignore now and I don't want to enter you as well. This is not the place for personal attacks. Thanks)
Just out of curiosity, the NQ had been hugging 43 for 90m by the time you bought. What if you had bought earlier? How long would you have held it before abandoning the trade? Or would you have just walked away and left it to itself?
YOu mean if I had have bought at 45 or so?
I'd have probably closed myself out for -3 or so. I don't tend to just walk away without having a stop of some sort in place
No, where you bought. And since your stop was at 40 you wouldn't have been out anything unless you raised your stop. My question had to do with how long you were willing to give the trade to "ripen". You bought at the end of the 90m it spent at 43+/-. What if you had bought at the same price with the same stop only 90m earlier?
ES: SHORT 2063.25, STOP 2078.75, TARGET 2020.00, 1900.00, 1600.00.
Then the second option. (walk away and leave it too itself)
And nothing wrong with that. The longer you sit there staring at it, the more likely you are to get impatient and exit unnecessarily. If nothing else, you can turn your attention to some other instrument while the NQ trade percolates.
--03/15/15 Sun Afterhours PM. Short 2039.00 basis June . Initial stop is 2076.00
--03/16/15 Mon Afterhours PM. Price is 2065.00 . Will maintain stop here RTH at 2076.00. If stopped, I will enter a new short order for 2047.00 RTH on a sell stop.
--03/17/15 Tues Afterhours AM. Will stop and reverse long at 2071.00 on a buy stop if we get there.
--03/16/15 Mon Afterhours PM. Price is 2065.00 . Will maintain stop here RTH at 2076.00. If stopped, I will enter a new short order for 2047.00 RTH on a sell stop.
--03/17/15 Tues Afterhours AM. Will stop and reverse long at 2071.00 on a buy stop if we get there.
GC (gold) stopped me out and then plummeted in my direction.
Been an amazing day so I'm not too angry about it, but still annoying.
In at 51, stopped at 53, and it then plummeted down. I know I could have re-entered, but I often get chopped to pieces when I start playing that game!
Been an amazing day so I'm not too angry about it, but still annoying.
In at 51, stopped at 53, and it then plummeted down. I know I could have re-entered, but I often get chopped to pieces when I start playing that game!