ES Journal Archive (2006 - 2008)

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Quote from volente_00:

Is this a daytrade B1S2 ?

Will you let it run under your original entry if we fall more ?
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Yes this is a daytrade on the 15. Yes, I will let it run below the original entry unless there is an obvious reversal on the 15 chart. If the trade were to come down and trade at original entry, I would consider that noise right now.
 
Quote from Buy1Sell2:

Yes this is a daytrade on the 15. Yes, I will let it run below the original entry unless there is an obvious reversal on the 15 chart. If the trade were to come down and trade at original entry, I would consider that noise right now.
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how do you determine how far to let it run? Specific point amount or 2% mental stop? Where does the noise end beyond the entry?

ty
 
B1, this has not been discussed. What about the "V" pattern in RSI, "W" would constitute a long grail as we know, what about the "V" and reverse pattern obviously?
 
Quote from wave:

how do you determine how far to let it run? Specific point amount or 2% mental stop? Where does the noise end beyond the entry?

ty
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Noise is outside the reaction low. In this case that is the low of day. I would be out outside the reaction low, not at it.
 
Quote from volente_00:

Do you have a target ?
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From the discussion yesterday of the plan that I will be using, I will be using 6 point targets. 1390. My personal preference is to let it run, but for this live experiment, I am using 6 points.
 
Quote from romik:

B1, this has not been discussed. What about the "V" pattern in RSI, "W" would constitute a long grail as we know, what about the "V" and reverse pattern obviously?
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The V is a generally a continuation from a pullback in my view.
 
Why 6 ? On some days the daily range is 6 or less. Even on range of 10 days you have to have pretty good entry and exit to capture 6 on 1 trade. How does this fit into your plan ? Will you just exit at close ?
 
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