make your living off the channel/trend.....it only requires a limited # of things.....entries, stops, ride the runs...yes it is simple once you get over the millions of info bits that won't work even after you have revisited many of them as development of system and you progress.. and you keep the few that work forever......apex is a very good trader ....use him while he is willing....
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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With the market closing above my resistance zone of 1510, I have removed my previous short bias. I'm now looking for a successful test of this zone by the end of the week. Once we make a successful test there, I think we have to start looking at new highs by the end of the year.
R/R trade I just got short here at 1534 (1 contract) and have an add on at 1538, with a stop hiding just a bit above that. Target 1515.
R/R trade I just got short here at 1534 (1 contract) and have an add on at 1538, with a stop hiding just a bit above that. Target 1515.
I'm going to consider myself very lucky with this trade... got short at 1541 with a stop at 1541.50 at 7:28:26.....
long # 38 stop 30 tp 46
Stop moved down to 1540... I don't wanna take a loss on this low probability trade.
Tommy,
Congrats for making some money on this trade but if you don't mind me asking. Why would you want to enter a trade that you consider yourself lucky to win or low probability? I understand you have a very tight stop and feel safe there but I don't like paying my broker enough to place low probability trades. Don't take this as flaming because that is not my intentions just curious.
Good Trading,
Gary
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