ES Journal Archive (2006 - 2008)

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Quote from wave:

The best trades will always be the hardest ones to take.
I dunno for me it would be a lot easier to put on a new long position here then to initiate a new short into these lows...guess its all how you look at it though.
 
There are always two forces at work, momentum traders and momentum faders. Breakouts occur when momentum faders have to cut their losses.
 
When the faders throw in the towel, you get the explosive moves and volume shows when they have done so and you just follow along and play the momentum.
 
Quote from BoyBrutus:

/SS 1181.5 1 pt stop

13:07 Stop to BE

Looking for new lows :eek:

13:14 Exit 1/2 1176.5 +5

13:38 Exit 1/4 1165 +16.5

13:53 Exit last 1/4 1168 +13.5
 
You keep making your money trading with the momentum full position on at the start as B1S2 suggests. You will make money. Then when you have built up your stake and want to play market maker then you can fade.
 
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