ES Journal Archive (2006 - 2008)

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If ES resistance holds at 1509.50, this could be a good time to go short (if you aren't short already).

Ditto on NQ if resistance holds at 1882.00.
 
Quote from mbusch:

If ES resistance holds at 1509.50, this could be a good time to go short (if you aren't short already).

Ditto on NQ if resistance holds at 1882.00.
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Unfortunately, they didn't :(
 
What I hate to see is traders being stopped out on moves that don't mean a darn thing. This thread has attempted to guide you on how to avoid that situation.
 
Buy1Sell2:

Don't know if you saw my question so I'll try again. It sounds like you are short 22 ES future contracts--correct? Also, how many puts are you using to hedge and what is the symbol and month you are using?

Thanks, DMartin
 
To sum up, I do high frequency scalping which is automated. I do intraday swing trading the waves and position trading. The high frequency scalping is a different method from the swing and position trading. I use a system based on the Taylor Book method concept to identify the areas of entry and then a pattern to enter for the swing and position trading. What's quite interesting is how differing methods line up to the same price areas for action. While I don't use elliot wave or fibs, apex82's areas are pretty consistent with my own. Based on intraday swing method, I would be looking to enter short 1514-1518.
 
and when I am in the area of action, I have 2 choices.

1) Average into the trade.
2) Stop myself into the trade with full size (breakout / breakdown).
 
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