ES Journal - 2023/2024

[schizo]

Again, this is the @vanzandt approach here. The easy thing to do was to sell or argue with the market. The hard thing was to hold your longs and hold your nose and buy more on the dips.

So are you telling me that I should have gone for 60 point stop (or no stop at all)? I don't think so.

 

[formikatrading]

You are probably trading bigger size because of your shorter time frame. I keep my size within limits that I can swing trade.

So are you telling me that I should have gone for 60 point stop? I don't think so.

 

[schizo]

Watch them and you will see reactions at those areas, meaning algo's are firing there

While I got in short at 23.50. And look, it's dropping already. Just saying.

 

[chillibean]

amazing live call there @schizo
Target?
I'm in from before you. They nearly stopped me in fact. Still might!

 

[speedo]

While I got in short at 23.50. And look, it's dropping already. Just saying.

If that is what your trade plan called for then you did good

 

[newbie463]

Well, Schizo you came in at the 61.8 ish fib area!!!

 

[speedo]

On the other hand if you tried to pick a top because it was "overbought
" or some bull shit, then not so good

 

[schizo]

Short 4023.50

Out 15.50

 

[schizo]

On the other hand if you tried to pick a top because it was "overbought
" or some bull shit, then not so good

All I'm saying is that Fib is too damn abstract. It might work or it might not work. It's 50/50. Why would you want to trade with something like that?

 

[Master Pu]

All I'm saying is that Fib is too damn abstract. It might work or it might not work. It's 50/50. Why would you want to trade with something like that?

I agree, personally could never find good use of them, apart from 50 of range.