ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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we're home free with a break of 29.50 IMO
I'm not liking the bearish div on the 1 though, unless theres a powerful push up voiding the div I'll be looking to exit ~26-27
I'm not liking the bearish div on the 1 though, unless theres a powerful push up voiding the div I'll be looking to exit ~26-27
LONG NQ at 1778... stop at 1776... this is the zone I've been waiting for... either it works or it doesnt but good R/R... lowered stop 75.50... if i get stopped im done picking bottoms for the day
Stop moved up to 1777.75
Yep JSS, the wedge is a big factor in this trade for me too
and the 5-min div.:edit: stopped
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1858979>
ImO not quite so, that depends on position management, today is exactly why I scale out 2/3 & not 1/2 as a 2.5pt 2/3 scale out gives you enough breathing space to allow for a shake & squeeze of 1/3 -5pt to put you at Gross b/e or even -10pt 1/3 stop which you make back on higher win/loss rate anyway. That allowance is very important at times when pattern remains valid or you entered near S1 which failed to reverse though S2 is near enough or next fib level, etc
ImO not quite so, that depends on position management, today is exactly why I scale out 2/3 & not 1/2 as a 2.5pt 2/3 scale out gives you enough breathing space to allow for a shake & squeeze of 1/3 -5pt to put you at Gross b/e or even -10pt 1/3 stop which you make back on higher win/loss rate anyway. That allowance is very important at times when pattern remains valid or you entered near S1 which failed to reverse though S2 is near enough or next fib level, etc
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