Quote from saliva:
BTW any lucky stud who rode out the whole slide?
Yup. Went long at 1pm, doubled up and reversed at 230pm and rode it to the close....
Do that everyday....
It gets boring though..
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Yup. Went long at 1pm, doubled up and reversed at 230pm and rode it to the close....
Do that everyday....
It gets boring though..
About time!
I went long at 1397.25 just before yesterday's RTH close, with a stop just below LOD (1393). Held overnight through some wild gyrations, and finally closed out on a trailing stop at 1402.75 for +5. (The trade was up +9.75 at one point but I didn't exit on rule-of-10 and was looking to exit at 1411-ish which just didn't happen (at least yet).
Now flat, tempted to scalp this chop but so far have been sitting on my hands.
60 minute chart looks very bullish, with (1) an RSI bullish grail, (2) MACD histogram bullish divergence, and (3) stochastics oversold. My perfect scenario is for ES to pop up to the 14-teens somewhere, at which point I go short for a homerun downside. The 60-min chart shows a downtrend line from 12/31 that has been touched and not violated four times and which now suggests a top of 1420 or just below. However, if we break significantly above 1420, then the prior downtrend line suggests we'll go to 1480, and that would be the short of a lifetime.
I went long at 1397.25 just before yesterday's RTH close, with a stop just below LOD (1393). Held overnight through some wild gyrations, and finally closed out on a trailing stop at 1402.75 for +5. (The trade was up +9.75 at one point but I didn't exit on rule-of-10 and was looking to exit at 1411-ish which just didn't happen (at least yet).
Now flat, tempted to scalp this chop but so far have been sitting on my hands.
60 minute chart looks very bullish, with (1) an RSI bullish grail, (2) MACD histogram bullish divergence, and (3) stochastics oversold. My perfect scenario is for ES to pop up to the 14-teens somewhere, at which point I go short for a homerun downside. The 60-min chart shows a downtrend line from 12/31 that has been touched and not violated four times and which now suggests a top of 1420 or just below. However, if we break significantly above 1420, then the prior downtrend line suggests we'll go to 1480, and that would be the short of a lifetime.
I would think that if your entry was based on the 60 min chart you would need a wider stop than 2 points with a daily range so far near 16 points.
- Status