ES Journal Archive (2006 - 2008)

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Quote from spike500:

short 1316, still short. Market should go lower for the next hours.

Stop at entry now.
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Ya, I was wrong, reason being 2 systems created a controversy and I made a decision, which has not provided a counter trend reversal, though I am more inclined to try and not reverse from now on and just let it ride next time. This test position entry has been mostly based upon 15 minute MACD, which pointed to a short at market open, which is still valid I believe. Live and learn.
 
Quote from Buy1Sell2:

My chart service has some kind of connectivity problem. I have closed with a market order at 1311.50. NO trades on now(except the positionals).

Profit there with 2 units was 3.5 points. No sense having trades on when I can't see the action.
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Certainly this trade would have been a better one win terms of profit points with the charts up and going. Positionals looking better though and that position is more important than the day trading. Just don't see a reason to trade intraday without current charts.
 
Quote from porgie:

all oscillators will do the same
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For scalping I have not yet looked once on any widely used indicator, but for entries at market open and potentially going with the trend I really have nothing to go by at the moment apart from...well, MACD today on 15 min chart showed a potential market decline, comparing similar situations on historical charts.

That is a good question for you George, if one does not use an indicator/s, nor volume, nor news, nor price (I say not price as there is hardly anything to go by in price action in pre-market trading), etc - what would be the ""etc." in this case, not many options left on the table.

Over and out to you George :)
 
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