ES Journal Archive (2006 - 2008)

[vertigo3]

...nevermind

 

[Lawrence Chan]

Quote from smilingsynic:

Price hit 61 but no fill. Was in can when price surged to 61. Moved target to 59 when I came back and saw the huge volume bar at 61. Out at 59 (20.75).

Now watch it go to 69 without me. Hate that when that happens.

May not be able to take out 64-68

 

[Spooz Top]

Quote from JSSPMK:

Apex hasn't posted here for a long time, probably got fed up posting, that destiny awaits all of us [/B]

Yup........

 

[smilingsynic]

Quote from vertigo3:

smilingsynic,
what kind of a sell order did you put at 61.00?

Sell limit--no fill.

If I really want to get out when it hits a level, I will use MIT (market if touched).

Using a limit at 61 instead of a MIT at 61 cost me 1.75 points, because I ended up moving the target down to 59 because I saw massive volume on the 1 minute (often large volume is found at the end of trends). Penny wise, pound foolish.

Trading the ES: the hardest way to make an easy buck.

 

[ammo]

sh 2.5,add 4.25,add 6.5,add 8, 61 bid

 

[smilingsynic]

Quote from smilingsynic:

Sell limit--no fill.

If I really want to get out when it hits a level, I will use MIT (market if touched).

Using a limit at 61 instead of a MIT at 61 cost me 1.75 points, because I ended up moving the target down to 59 because I saw massive volume on the 1 minute (often large volume is found at the end of trends). Penny wise, pound foolish.

Trading the ES: the hardest way to make an easy buck.

Anyone lurking who thinks that all one needs to do is gain experience, and then the tactical errors will go away is fooling themselves.

Experience means fewer errors, that's it.

 

[gwac]

A test of the daily channel and R1, they are both around 71, that should be a good sell, no way it will get through the first time.

Quote from smilingsynic:

Anyone lurking who thinks that all one needs to do is gain experience, and then the tactical errors will go away is fooling themselves.

Experience means fewer errors, that's it.

 

[tomahawk]

Quote from gwac:

A test of the daily channel and R1, they are both around 71, that should be a good sell, no way it will get through the first time.

Probably right, unless it wants to gun straight for yest. high of 75.00 ...

 

[vertigo3]

smilingsynic,
even though you weren't there to reap the rewards, great call.

this last lift has just registered a capitualtion style volume spike on the 1min, usually, a little consolidation, a little retrace, then a final lift.

 

[smilingsynic]

Quote from smilingsynic:


Now watch it go to 69 without me. Hate that when that happens.

Not at the market, but at me. 20.25 points is around a point a day, and for many, that would be a great month. But having the courage of one's convictions is something that needs to be there throughout the process, not just at the entry.

Trading psychology is for me the final frontier--I have not mastered it yet, but am working on it everyday.

Nevertheless, I will try not to beat myself up about being right and leaving 10 on the table, and focus on the 20 that's in my pocket.