ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Yes, it's overly volatile on an intraday basis, but when you look at it from a daily perspective the volatility is actually diminishing.
I think the market (the financials) is(are) trying to put in a short-term bottom for the eventual move back up, I honestly don't know how high or how far.
For anyone with the ability to accept the risk of holding overnight , I belive there is marked upside, so be on your toes.
Almost there.
Good trading,
JJ
Yeah, I have a Buy on the YM (12145), a Buy on the NQ (1728) and the ES just needs to confirm with a close to the upside and that'll be on a Buy signal as well.
But the initial protective stops would need to be abour $500 to give these positions room to maneuver. It's not like the $100 stops we've been used to in the low volatility, high momentum, bull phase, or not even the $200 which we really need right now to maintain solid trade entries that bounce around before going into a decent profit.
I'm not there yet, but these are my goals (among others).
Good trading,
JJ
Edit: Heh, I didn't see your post there B1S2. To explain, I am by nature a contrarian, so I believe the least amount of risk and greatest potential reward lies in finding the market's turns (any of them) and exploiting them to the fullest.
Not saying it's "right" or "wrong", but I find that it fits my personality, if not my pocketbook (yet).
But the initial protective stops would need to be abour $500 to give these positions room to maneuver. It's not like the $100 stops we've been used to in the low volatility, high momentum, bull phase, or not even the $200 which we really need right now to maintain solid trade entries that bounce around before going into a decent profit.
I'm not there yet, but these are my goals (among others).
Good trading,
JJ
Edit: Heh, I didn't see your post there B1S2. To explain, I am by nature a contrarian, so I believe the least amount of risk and greatest potential reward lies in finding the market's turns (any of them) and exploiting them to the fullest.
Not saying it's "right" or "wrong", but I find that it fits my personality, if not my pocketbook (yet).
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