ES Journal Archive (2006 - 2008)

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Understood, once in a good trade the new breakouts are meaningless. Agree, no one trades for ticks. just saying that trading breakouts requires some jabs and false bo';s are to be managed with solid discipline and if you get a couple ticks before it takes all back, fine.

false bo;s are common so know who to work them is all i am saying. thks
 
Doing the unthinkable here.... long NQ 1955.50... stop 1953.50

Some long overdue divergence on lower timeframes and somewhat of a wedge shape could make for a sharp move up.

Target ~1964
 
Quote from Mins:

That's crazy - i would never call that. I have no need to pick the turns.

I would rather wait for the market to give me an opportunity to go with the direction. Price action, the tape and volume will dictate in which direction to go.

From being a counter-trader for awhile i realised it is far easier too simply get in on the middle or birth of a new trend.

However, if you want to pick turns and shorter term direction please feel free to do so - I'm sure a lot of people are really good at that - just not my style.
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Mins,

I like what you said in your third paragraph and I hope it works for you on a consistent basis. Please share with us some of your trades in realtime. I always learn from anyone who employs a successful and consistent strategy. Peace.
 
Quote from satchel:

ammo, what uvo/dvol are you watching to say not a trend day. nyse u/d is trending. sim to 6/11.
just curious.
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on a 5 min it looks like a trend day but on 1 min they.ve crossed over several times ,6/11 was easier to read becuase it was 400 points, scratch that satch,your right ,my 1 min is a percentage chart and 5 is a pure volum chart
 
Quote from iloveoptions:

Mins,

I like what you said in your third paragraph and I hope it works for you on a consistent basis. Please share with us some of your trades in realtime. I always learn from anyone who employs a successful and consistent strategy. Peace.
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- mins if this goes from 37- 25 ,i'm getting aboard looking for trans to break 5090,the low is 5055, i'm not calling the move ,i'm just sharin what i'm looking at
 
Quote from jagmot:

Chuck,

Why stop placement at 1341? It doesn't seem like your stop was far enough outside of the noise. I am long (you got a better price then me) but you seem to be getting stopped out too much.

edit: I just got stopped out on my trade as well.
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sorry was away for a bit
my futures account is a relatively small account, so i try to keep the stops tight
 
Ready to entertain buyside, to play it safe, seeing action 40-42 (triggers).

All shorts closed.

edited-------> now @37/38 lowest S number for me, worst case wait/notrade.
 
Quote from ammo:

on a 5 min it looks like a trend day but on 1 min they.ve crossed over several times ,6/11 was easier to read becuase it was 400 points, scratch that satch,your right ,my 1 min is a percentage chart and 5 is a pure volum chart
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by the way vertigo, this mp shape today is b which is bearish for tommorrow unless we go lower today and put a tail on it,thats why i'm looking for a break to the downside,
 
Quote from tommymoose:

Doing the unthinkable here.... long NQ 1955.50... stop 1953.50

Some long overdue divergence on lower timeframes and somewhat of a wedge shape could make for a sharp move up.

Target ~1964
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Covered 1963.00

4:1 R:R right there... thats how I like to do it :D
 
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