ES Journal Archive (2006 - 2008)

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clearly the market is trying to advance (or at least doesn't show downward momentum). I stopped myself out at 1277.75 for a 1 pt loss. No position for right now. Will most likely increase bet on next trade.
 
Quote from Buy1Sell2:

clearly the market is trying to advance (or at least doesn't show downward momentum). I stopped myself out at 1277.75 for a 1 pt loss. No position for right now. Will most likely increase bet on next trade.
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Quote from Buy1Sell2:

new short here at 1277.50 stop 1281.00 one unit again--no increase yet
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clearly the market is trying to advance so I'll put on a new short here at 1277.50 :confused:

unfortunately market lets you be slightly right so you continue to think you are managing trade correctly. Just a matter of time. poof!
 
Quote from galiano:

clearly the market is trying to advance so I'll put on a new short here at 1277.50 :confused:

unfortunately market lets you be slightly right so you continue to think you are managing trade correctly. Just a matter of time. poof!
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A "wrong" position can tell you probably more about a trade than a profitable one. He's probing and doing just fine. Leave him alone. :D
 
Quote from gerry875:

yes - sounds easy - but unlike the streaming water, the market can change its flow very fast. so - to go with the flow (the trend) - you first have to know (find out/guess/etc.) what the trend is going to be in the next minutes/ hours/etc. if a trend is nearing it's end - it (from a physical viewpoint) already accelerates in the opposite direction - and this is something you should first recognize in order to "go with the flow".
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If you find a reliable trend definer the biggest part of a succesful system is created. All you still need then is the finishing touch.


I am long since the opening.
 
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