ES Journal Archive (2006 - 2008)

[Xuanxue]

So I says to myself, "That triangle pullback right there looks like a gutter slut lookn' for a fix." What did I do? I bought a piece. Thankfully I used protection.

Lost a tick. Reversed sitting on 12 handles targeting 1237.

You all play nice. lol

 

[Mins]

Quote from Buy1Sell2:

???

Buying pullbacks in an uptrend

Surprise surprise your always going with the trend. I was expecting that from you but i am damn sure you beloved 60min is in a downtrend no??

So really if you think about it anyone can be going with the trend it is just based on the individual traders time frame hmmmm.

 

[ammo]

theres a nip on mp at 52-53 from 7/29, theres a lot of congestion in this 45-60 area,there is another gap from mondays cleavage from 52- 44,could fill,over bearish tone,these 200 point swings indicate confusion at best,battle for trend

 

[Buy1Sell2]

Quote from Mins:

So really if you think about it anyone can be going with the trend it is just based on the individual traders time frame hmmmm.

Of course, it's based upon time frame. When I trade short term, I trade only with the daily trend. So, there may be times when I am on the wrong side, but when I am right, I reap a larger benefit.

I believed that the 60 minute had started an uptrend and was wrong. Thus, I reduce the contracts and try again at an area that seems somewhat oversold.

Now, I have to let it run farther to get paid, but that's the breaks. I could double down here, but my stop would need to come in a bit farther and then it would not be chart based. The key is that I am reducing risk after a losing trade.

 

[Mins]

Quote from Buy1Sell2:

Of course, it's based upon time frame. When I trade short term, I trade only with the daily trend. So, there may be times when I am on the wrong side, but when I am right, I reap a larger benefit.

That is ridiculous - you day-trade with the daily charts. Therefore, are you saying you position trade with the 60min.


Makes no sense - why would anyone day-trade with the daily - entries and exits will be piss poor.

Like i said you are a contradiction.

 

[vertigo3]

Turn at 53?

Floor trader pivot points calculated using the H-L-C from yesterday's RTH session have S2 at 1252.50, this could have encouraged pivot point players to take a stab on the longside (because it wass the first test of this area).

 

[Buy1Sell2]

Quote from Mins:

- you day-trade with the daily charts. Therefore, are you saying you position trade with the 60min.


Makes no sense - why would anyone day-trade with the daily - entries and exits will be poor.

Thank you for the questions. --I trade only in the direction of the daily chart for short term trading. I take my entries on shorter term charts. I made a mistake today by identifying what I felt to be a turn upward on the 60 minute, but did not allow the 15 minute to confirm. That's it in it's entirety. Occasionally, I get ahead of myself like everybody else does and I certainly did today. By the way, I only position trade in the direction of the weekly or monthly. So, my entries and exits there are based upon either the weekly chart or the daily chart, not the 60 minute.

 

[Mins]

Quote from Buy1Sell2:

Thank you for the questions. --I trade only in the direction of the daily chart for short term trading. I take my entries on shorter term charts. I made a mistake today by identifying what I felt to be a turn upward on the 60 minute, but did not allow the 15 minute to confirm. That's it in it's entirety. Occasionally, I get ahead of myself like everybody else does and I certainly did today. By the way, I only position trade in the direction of the weekly or monthly. So, my entries and exits there are based upon either the weekly chart or the daily chart, not the 60 minute.

Thank you for your honest response - this is why i was thinking you were contradicting yourself when you used to say that you go with the 60min trend.

 

[Buy1Sell2]

Quote from Mins:

Thank you for your honest response - this is why i was thinking you were contradicting yourself when you used to say that you go with the 60min trend.

I felt that the 60 had turned. I still think it will, but I had to reduce risk here.

 

[ammo]

Quote from Xuanxue:

So I says to myself, "That triangle pullback right there looks like a gutter slut lookn' for a fix." What did I do? I bought a piece. Thankfully I used protection.

Lost a tick. Reversed sitting on 12 handles targeting 1237.

You all play nice. lol

i know your clearing firm doesnt care but for bulldungs sake ,we only count live entries at time of trade