ES Journal - 2015

Buy1Sell2 · Mar 17, 2015

15 currently not in agreement with the 5 or the 1. Bounces will be better and more sustained typically when they all agree. It can happen without agreement, but it's generally better when there is. Talk to you later.

Builder17 · Mar 17, 2015

s 61.25
stop 64.25

dbphoenix · Mar 17, 2015

And here we are back at 60. And it has nothing to do with bar intervals. The range is what it is.

Ockham's razor.

dbphoenix · Mar 17, 2015

So, before this breakout, 51 NQ points total today. However, if the reversals were entered 2pts inside the UL and LL of the range, this total would be 45pts.

Builder17 · Mar 17, 2015

Builder17 said:
s 61.25
stop 64.25

-3

dbphoenix · Mar 17, 2015

Now at the UL of the "macro" range, which is topped by yesterday's high (64).

Edit, 1317: I realize everyone is gone, but I want to call attention to tactics regarding the trade of the breakout v what might have been another reversal. If one were to exit at the UL of the range, he'd be faced with the choice of setting an entry stop for the short or setting an entry stop for the long. If he uses 2pts, he can do both. If the short is triggered, cancel the long. If the long is triggered, cancel the short.

Experienced traders know all this, of course, but not everyone who reads this thread is an experienced trader.

Michael.jstocks · Mar 17, 2015

DBpheonix. You plan to ever actually call a trade? Identifying ranges etc is all well and good but without committing to a direction via a posted trade it's kind of sitting on the fence. Come on, be brave!

Brianharvey · Mar 17, 2015

My stock trading is definitely better after teh first few hours are out of the way whereas most people have all of their success in the volatile first hour or so

Today has been crazy good.
I've been posessed by Paul Tudor Jones or someone for the day!

dbphoenix · Mar 17, 2015

Michael.jstocks said:
DBpheonix. You plan to ever actually call a trade? Identifying ranges etc is all well and good but without committing to a direction via a posted trade it's kind of sitting on the fence. Come on, be brave!

Did all that before the open.

dbphoenix · Mar 17, 2015

Brianharvey said:
My stock trading is definitely better after teh first few hours are out of the way whereas most people have all of their success in the volatile first hour or so

Today has been crazy good.
I've been posessed by Paul Tudor Jones or someone for the day!

Success is where you find it. You needn't be terribly concerned about what other people do.

Remember, the success rate is pretty much crap. Following others, therefore, is not necessarily the best course. Follow the market itself.