ES Journal Archive (2006 - 2008)

[romik]

Quote from Buy1Sell2:

Difficult to see the last histogram bar, but I would say yes

Personally, I would not have taken this one, as there is not much room between low and lower low in price, that woud be according to my rules of profit targets. Otherwise it qualifies as a BLD IMO.

 

[Buy1Sell2]

Quote from hpeganz:

Now a BLD on 15 minutes ....??

yes

 

[hpeganz]

Quote from Buy1Sell2:

yes

B1S2 thank you for answering all my questions - for me the best way to learn .......

 

[Buy1Sell2]

Classic bullish divergence continues to fester on the hourly chart. I'm long 5 units at 1260.00

 

[hpeganz]

Quote from Buy1Sell2:

Classic bullish divergence continues to fester on the hourly chart. I'm long 5 units at 1260.00

fester ... does it mean MA a little bit flatter - second MCAD curve has hat their negative maximum and RSI and CCI are turning up .......................maybe missed something????

 

[Buy1Sell2]

Quote from hpeganz:

fester ... does it mean MA a little bit flatter - second MCAD curve has hat their negative maximum and RSI and CCI are turning up .......................maybe missed something????

all of the above--there is divergence on the hourly chart now

 

[hpeganz]

Quote from Buy1Sell2:

Classic bullish divergence continues to fester on the hourly chart. I'm long 5 units at 1260.00

Do you use a stop? - .... where?

 

[thebuzzkill]

Has this reversal changed things for you, B1S2. Or are you still convinced that we are headed higher

 

[Buy1Sell2]

Quote from hpeganz:

Do you use a stop? - .... where?

I typically do not use stops, but rather manage risk with position size. When at max position, that is where I would look at stops. What I will be looking for now is a higher like the 240 to have some positive divergence and then I would add to my position. The trick is to not overextend. Divergences take a while to pan out quite often. If I was using stops, I would likely look at a stop 2 to 3 points below the last low in this case in the 1252 1253 range.

 

[Buy1Sell2]

Quote from thebuzzkill:

Has this reversal changed things for you, B1S2. Or are you still convinced that we are headed higher

No change for me yet. I will look to add more as we go if it seems right. I don't overextend myself and so I typically don't use stops. As you all know, I have taken a lot more heat than this.

This could be a great time for the ole triple!