ES Journal Archive (2006 - 2008)

[hpeganz]

Quote from Buy1Sell2:

Looks like the class B hourly worked out today--Did anyone trade it? I did not.

No, but 8 -10 points ....

 

[hpeganz]

B1S2, you mentioned that on 240 minutes we have a week BRD because of no RSI support !?

 

[Buy1Sell2]

Quote from hpeganz:

B1S2, you mentioned that on 240 minutes we have a week BRD because of no RSI support !?

Not enough RSI support at the moment yes.== and no Histogram support either.

 

[hpeganz]

Quote from Buy1Sell2:

.......== and no Histogram support either.

...maybe I miss something?

 

[romik]

Quote from hpeganz:

...maybe I miss something?

you certainly did. It would benefit you if you go back and find the answer yourself, it was provided within the last 3 pages. Not trying to be nasty, but if you find the answer yourself, you will remember it the next time.

 

[romik]

B class BLD was present on daily, where CCI/RSI/HIST made 2nd higher troughs and there has been a double bottom in price.

 

[hpeganz]

B1S2, Romik - Question regarding position trading:

I think B1S2 has a average position price 1248 and Romik has averaged down to 1253. We had already a double high of 1269. So by selling the longs at 1265 you all would have had 21 or 12 points.

Now have 1255 - wouldn´t it be better sell at 1265. If it goes down you could get in cheaper etc..
Just thinking of having 600 or more per contract compared to 100. Rentering a position i think is possible because you have it as a rule over weekends???

 

[Buy1Sell2]

Quote from hpeganz:

B1S2, Romik - Question regarding position trading:

I think B1S2 has a average position price 1248 and Romik has averaged down to 1253. We had already a double high of 1269. So by selling the longs at 1265 you all would have had 21 or 12 points.

Now have 1255 - wouldn´t it be better sell at 1265. If it goes down you could get in cheaper etc..
Just thinking of having 600 or more per contract compared to 100. Rentering a position i think is possible because you have it as a rule over weekends???

The answer for me is simply that I am trading longer frames and staying in for bigger moves. It's true that I could have sold yesterday and now looked for a re entry point, but again it is all a matter of time frame and how active I want to be. As regards the weekend rule--this gives me what I call a "time stop" on long trades and gives me pause to reflect while also eliminating a weekend geo political issue to melt down when I can't react.

 

[Buy1Sell2]

looks like the 5 and 15 minute charts are preparing to be off to the races bullish initially here (no divergence)

 

[romik]

Quote from hpeganz:

B1S2, Romik - Question regarding position trading:

I think B1S2 has a average position price 1248 and Romik has averaged down to 1253. We had already a double high of 1269. So by selling the longs at 1265 you all would have had 21 or 12 points.

Now have 1255 - wouldn´t it be better sell at 1265. If it goes down you could get in cheaper etc..
Just thinking of having 600 or more per contract compared to 100. Rentering a position i think is possible because you have it as a rule over weekends???

I do have a profit target of 1275-80 and have hedged the previous unrealised loss in the short term account, therefore if ES declines to 1235, I'd be at break-even. I don't quite see that happening right now, but of course there is a possibility of that happening.