ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from porgie:

once profits are hot, reckless trading tends to give some back
More...

Absolutely, i dont mind missing the last leg of this sell off after Fridays gap closure. Discipline saves you from future pain. Dow up near 10% for the year, 1% give back hardly a sell off.
 
Well, I think only 1 minute charts would put one in a good scalp at the moment, all other time frame indicators are O/S and no clarity there whatsoever.
 
Quote from romik:

Well, I think only 1 minute charts would put one in a good scalp at the moment, all other time frame indicators are O/S and no clarity there whatsoever.
More...

EDIT: I would have reversed for Long @ 1313 level for 1-2 points again, but once bitten on the opposite side of the trend, I would not try that again, only shorting for today.

And probably shorted 1314.25 soon, I might just take that one
 
In general I get weary when they trade below 2 levels of support in intra day. Just as I would never go long if we were trading above 2 levels of resistance intraday, i also dont short when below. That is just a rule I will live by forever, until the market shows it has true momentum. This helps me from getting slaughtered on reversal days. What a beautiful short set up today though. Spy open 132.51, hi 132.55 5/10 close 132.55. I'm glad to have shorted the close yesterday.
 
Status
Not open for further replies.
Back
Top