ES Journal Archive (2006 - 2008)

[Brucelee]

Quote from Brucelee:

Out at stop

Edit; Missed S2, never saw it so back in 1228.50

My long signal was confirmed at 1228.50 going to hang on for as much as I can get, hopefully 3 points, otherwise I will let it go at 1528

 

[apex82]

Long from 1530 so now we most likely get the retest where a more conservative entry would be better if you like a higher probability trade.

 

[mbusch]

Quote from apex82:

Long from 1530 so now we most likely get the retest where a more conservative entry would be better if you like a higher probability trade.

Where's your stop?

P.S. NYSE A/D ratio starting to go up after reaching the lowest level seen in quite awhile.

 

[apex82]

Quote from mbusch:

Where's your stop?

P.S. NYSE A/D ratio starting to go up after reaching the lowest level seen in quite awhile.

2 tick below the low 1526.50

 

[tommymoose]

Quote from apex82:

2 tick below the low 1526.50

The stop being 2 ticks below the low is good, but doesn't this area happen to fall into the value zone you were looking to buy at before?

 

[Mins]

Quote from apex82:

Long from 1530 so now we most likely get the retest where a more conservative entry would be better if you like a higher probability trade.

Hey Apex, i was just wondering, what made you enter the trade at 1530 ? Instead of near the 1528 region?

Just want to know why you saw the trade as more risk free at 1530 region, thanks.

 

[mbusch]

Quote from apex82:

2 tick below the low 1526.50

Wow! That's an uncharacteristically large stop for you, isn't it? You been watching Oscar's videos or something?

I set my stop at 1528.00, which was the bottom of both the 5- and 15-minute bar preceding confirmation. I'll think about whether I need to move it down.

 

[mbusch]

Quote from Mins:

Hey Apex, i was just wondering, what made you enter the trade at 1530 ? Instead of near the 1528 region?

Just want to know why you saw the trade as more risk free at 1530 region, thanks.

He didn't see it as more-risk free, but as riskier (hence the wode stop). He just didn't want to risk missing the move. Obviously a tough call either way.

 

[mbusch]

Quote from apex82:

watch er2 here 844.50-845.50 major support zone

looking for longs here for another 20 point advance

Apex, did you go long ER2 as well, or just ES?

 

[apex82]

Quote from tommymoose:

The stop being 2 ticks below the low is good, but doesn't this area happen to fall into the value zone you were looking to buy at before?

Yes thats why I said I would get right back in the trade. If you trade with a minimum 3:1 reward to risk you can stand to get stopped out and still be very profitable.