ES Journal - 2015

[hitchslap]

''Probably. Althoug I can't say saw any obvious clues in the Price action that price wasn't gonna make it to the actual line''

That's the beauty of never actually calling a trade in realtime. Be careful of Monday Morning quarterbacks

 

[dbphoenix]

Yeah, I guess so. Most of 40's trades from memory showed price piercing the actual high/low from memory.
If I start saying '2 points away is close enough', i'll then soon start saying, '3 points is close enough' and before I know it, there'll be absolutely no point in drawing a range anymore!

You needn't necessarily define "extreme" the same way he does. 40D won't be around forever. None of us will.

There were four swing highs during the ON session beginning with 1925. What were those swing highs?

 

[dbphoenix]

''Probably. Althoug I can't say saw any obvious clues in the Price action that price wasn't gonna make it to the actual line''

That's the beauty of never actually calling a trade in realtime. Be careful of Monday Morning quarterbacks

This was posted at 0519 this morning:

 

[wiesman02]

What a crock of sh#t that was. Was just about to get short, and it drops 3 points in 10 seconds on me.

 

[Brianharvey]

...

 

[dbphoenix]

...

Yes. What were the swing highs? Numerically?

 

[Brianharvey]

4435, 4432.75, 4434.5, 4433

 

[dbphoenix]

4435, 4432.75, 4434.5, 4433

So you have four "extremes" reached over a 9-10hr period: in order from low to high, 32.75, 33, 34.5, 35.

Now, as price approaches the first, are you going to wait and hope that it reaches the last, or are you going to place a sellstop below 32.75 and follow it up until it's triggered?

 

[Buy1Sell2]

--03/18/15 Reversed long at 2077.50. Loss of 18.25 pts. Ihave entered a sell stop at 2050.00 to reverse and be short.
--03/19/15 RTH Raising reversal sell stop to 2079.00
--03/1915 RTH reversed and stopped in at 2079.00. Initial buy stop and reverse long is at 2091.00

 

[Buy1Sell2]

Longs can now be taken above 2090.00.