ES Journal - 2019/2020

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Yes, that's it but instead of triggering when the price reaches the set price, it trails the price and triggers when a reversal occurs... just like a Trailing stop that is set when the position is in profit, it trails the direction and triggers at a reversal....very useful tools IMO.. sort of set and forget, come back later to bank the profits... beats watching a screen and stressing when to pull the trigger. Combine these tool with proper risk management using hedges and you hadly ever cop a realized loss.
 
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FXtrader8911 said:
Yes, that's it but instead of triggering when the price is reached it trails the price and triggers when a reversal occurs... just like a Trailing stop that is set when the position is in profit, it trails the direction and triggers at a reversal....very useful tools IMO.. sort of set and forget, come back later to bank the profits... beats watching a screen and stressing when to pull the trigger
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Oh, you are talking about orders when you are already in with a position. That's different from what I thought you were speaking of.
 
FXtrader8911 said:
Yes, that's it but instead of triggering when the price reaches the set price, it trails the price and triggers when a reversal occurs... just like a Trailing stop that is set when the position is in profit, it trails the direction and triggers at a reversal....very useful tools IMO.. sort of set and forget, come back later to bank the profits... beats watching a screen and stressing when to pull the trigger. Combine these tool with proper risk management using hedges and you hadly ever cop a realized loss.
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I'd use 2924 as your reversal trigger tonight and tomorrow.
 
vanzandt said:
Bloomberg
China Narrows Scope for Trade Deal With U.S. Ahead of Talks
By
Shawn Donnan
and
Jenny Leonard
October 6, 2019, 4:04 PM EDT


Chinese officials are signaling they’re increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce.


In meetings with U.S. visitors to Beijing in recent weeks, senior Chinese officials have indicated the range of topics they’re willing to discuss has narrowed considerably, according to people familiar with the discussions.


Vice Premier Liu He, who will lead the Chinese contingent in high-level talks that begin Thursday, told visiting dignitaries he would bring an offer to Washington that won’t include commitments on reforming Chinese industrial policy or the government subsidies that have been the target of longstanding U.S. complaints, one of the people said.
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Hmmm.

This:
"according to people familiar with the discussions."
And this:
"one of the people said."

I smell BS.
Up we go.
3000 by Friday

 
vanzandt said:
That one's intuition. The 2924 was MP.
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I hope you smell the markets well. I for one want out of this shit soon, because guess who is coming to dinner? Mr. Powell, for THREE days starting tomorrow, and after his spewfest? FOMC minutes on Wednesday afternoon. Snoopy Bleh!
 
Overnight said:
I hope you smell the markets well. I for one want out of this shit soon, because guess who is coming to dinner? Mr. Powell, for THREE days starting tomorrow, and after his spewfest? FOMC minutes on Wednesday afternoon. Snoopy Bleh!
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Tbh.... 3000 certainly sounds pretty optimistic all things considered. We should probably just delete that and go with B1's bear.
The only bear that hibernates all summer.
 
vanzandt said:
Tbh.... 3000 certainly sounds pretty optimistic all things considered. We should probably just delete that and go with B1's bear.
The only bear that hibernates all summer.
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Oh, the bear market that started in March. Yeah. *Brrrr* It got cold early.
 
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