ES Journal - 2019/2020

Status
Not open for further replies.
Laissez Faire said:
Why - may I ask?

I've been mostly using limits myself up until recently. I prefer limits if I can, but with price moving fast lately, I've been entering on stop orders with success lately on trades I otherwise would have missed (too slow) and/or end up chasing.

It's a slower market again today, so limits should work fine today.
More...

Price always comes to me and my scale... I never chase an order... like catching a pop up.. let the ball come to you and let inertia do the work...
 
After the fact but wanted to share. Price gaps with a professional gap, showing that trend continuation is very likely. Makes a high and retraces exactly to the RTH HWB. And on it goes, targets above.

Chart is ES M5

Screenshot_6.png
 
Laissez Faire said:
I've been mostly using limits myself up until recently. I prefer limits if I can, but with price moving fast lately, I've been entering on stop orders with success lately on trades I otherwise would have missed (too slow) and/or end up chasing.
More...

I'm with you - I had limit buys in at 85.50 on that pullback but bots front ran the HWB and when it was clear it wasn't going to come back (it did a double try) I went in at the market.
 
Spooz Top 2 said:
I never chase an order...
More...

I hear you there. The problem for me have been that price have moved so fast through my triggers with momentum that I wasn't able to get filled on my limit - thus I ended chasing and got poor fills.

Working a buy/sell stop order in the market have helped this problem. As markets get back to normal - I will probably go back to mostly limits.
 
Laissez Faire said:
I hear you there. The problem for me have been that price have moved so fast through my triggers with momentum that I wasn't able to get filled on my limit - thus I ended chasing and got poor fills.

Working a buy/sell stop order in the market have helped this problem. As markets get back to normal - I will probably go back to mostly limits.
More...

That’s certainly one way to get around it.. I’ve used buy stops in the past .. my scale gets me in 90% of the time , which offsets that.. eliminates the need to be perfect.
 
Status
Not open for further replies.
Back
Top