ES Journal Archive (2006 - 2008)

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Tom, you would have nailed that divergence if you scaled out for a reasonable gain considering stop was close to entry :) ImE when trading off 1 min chart as a signal expectations of initial reward have to be more realistic.
 
Quote from chewbacca:

i only place i see support is 1325 on the s&p cash.....not too far away at this point.......easy 100 point short covering rally from there without weakening the overall bearish picture one bit.


<15 points to go.......
 
Quote from JSSPMK:

Tom, you would have nailed that divergence if you scaled out for a reasonable gain considering stop was close to entry :) ImE when trading off 1 min chart as a signal expectations of initial reward have to be more realistic.

I actually got taken out prior to the drop... i entered just before the "lump" closed and it decided to take one last little pop (1 tick above my stop) before starting down... had I still been in I would have been a little more realistic. Thanks for the tips.
 
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