ES Journal - 2019/2020

[fordewind]

Can you elaborate a bit on what you mean by "roll a few pyramids"?

 

[mm2mm]

I like ranges and I like trends, but today has been a little more schizophrenic that I like.

psychedelic es

 

[speedo]

Yep triangle so far.

 

[speedo]

See if it can break upper TL

 

[NQurious]

Can you elaborate a bit on what you mean by "roll a few pyramids"?

Look at @speedo's chart from yesterday ... suppose you took the first short with a fill around 25.50 with 3 contracts, then you take the second short with a fill around 21 with 2 contracts, and then you take the next pullback short with 1 contract around 15.25 and then you clear them around 11.25 when the market seems to be reversing from the gap fill attempt.

Your profit is:
3 X 14.25 points
2 X 9.75 points
1 X 4 points

The reason you do fewer contracts on each add is because it manages risk beter: You will always have more profit in prior contracts than you loss should the trend reverse on your adds.

 

[speedo]

Now going to test the lower TL of the tri

 

[NQurious]

See if it can break upper TL

Or lower

 

[vanzandt]

I like ranges and I like trends.

I like ranges and I like trends
I like trading
....it never ends.
One day up
One day down
Short all night
(Paint drys slow)
Get stopped out.
Then down we go.

B1 is short.
...But life is "long".
Izzy right?
Or is he wrong?
No clue here.
Just use a stop.
The downtrends on.
VZ
-fullstop.

today has been a little more schizophrenic than I like.

 

[ESfocus]

LOL

 

[SPYgrain]

I like ranges and I like trends
I like trading
....it never ends.
One day up
One day down
Short all night
(Paint drys slow)
Get stopped out.
Then down we go.

B1 is short.
...But life is "long".
Izzy right?
Or is he wrong?
No clue here.
Just use a stop.
The downtrends on.
VZ
-fullstop.

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