ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

No. I am just making very small daytrades and I am attempting to catch a larger move with a bigger position on at some point.
I placed my stop very close this morning.

??I'm confused. No in you didn't double the size, or No you don't have confidence in your signal, otherwise, why the small stop if you didn't have lots more confidence to place on this particular trade?
 
Quote from iloveoptions:

??I'm confused. No in you didn't double the size, or No you don't have confidence in your signal, otherwise, why the small stop if you didn't have lots more confidence to place on this particular trade?

The confidence wasn't there on this one as we are in a downtrend. That being said, I certainly think there could be a better long opportunity today, probably a little before 1 PM EST. I'll use 25 contracts on that one.
 
sorry so long to answer, mother stopped over (she knows better, ha )..

What i mean there is a short at the -6 line down to the days low compared to the days high at 1344 means the short signal is still valid unless the 50% retrace at 1338 is taken out. Stay short until a reversal, the first clue for a reversal is that 50% retrace from the bottom in my way of trading.

and all that is subjective and depends on when one takes profits.................my trading is just to fast to make calls.
 
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