ES Journal Archive (2006 - 2008)

[wave]

brilliant, do you ever go beyond the 2:1 ratio to increase the income?

 

[brightstone]

this morning for 2 off of long grail.
Didn't let it ride.
Will tomorrow.

conflicting signals on the 3 min and 5 min stayed out after that. when they correspond next I will go in.

Wondering if this will be overbought this afternoon...

Quote from romik:

brightstone, have you traded today?

 

[Buy1Sell2]

Quote from wave:

brilliant, do you ever go beyond the 2:1 ratio to increase the income?

certainly

 

[brightstone]

On a long term trade, For tomorrow after 2 points, I will keep a trailing 1 point stop on 2 contracts to see where it goes.

Quote from romik:

I've marked current reaction lows, in case you are holding a long.

EDIT: What can help to make a better decision where to trail a stop in your opinion?

 

[romik]

Quote from brightstone:

this morning for 2 off of long grail.
Didn't let it ride.
Will tomorrow.

conflicting signals on the 3 min and 5 min stayed out after that. when they correspond next I will go in.

Wondering if this will be overbought this afternoon...

2 points? Could you describe your trade?

 

[romik]

BRD on 15

 

[brightstone]

Long grail forming at 9:45 on 5 minute TF,
entered 9:53 EST at 1274.00
2 point target
Entered off one minute chart when price broker above MA's

9:56 PT filled

Waited for 10:00 crew
Missed next trade
as the RSI crossed the 70
thought we would get 10:30 reversal

Quote from romik:

2 points? Could you describe your trade?

 

[Buy1Sell2]

Quote from romik:

BRD on 15

Not the pattern that I like.

 

[romik]

Quote from Buy1Sell2:

Not the pattern that I like.

?

 

[Buy1Sell2]

Quote from romik:

?

The signal is not what I consider to be obvious. Thus I defer to the reaction low. Note: the 6 point system already has profits and is on the sidelines.