ES Journal Archive (2006 - 2008)

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B1S2, just curious why you chase ? If it was a buy at 1401.75, why not add at 1400.50 ? Why wait for it to move and chase and add at a higher price than a lower ?
 
Quote from volente_00:

B1S2, just curious why you chase ? If it was a buy at 1401.75, why not add at 1400.50 ? Why wait for it to move and chase and add at a higher price than a lower ?
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It's a different kind of play based upon breaking of resistance on shorter term charts. --in the direction of the predominant trend. Longer charts like the 240 are still negative so this is really not a chase in the bigger picture.
 
Quote from optionpro007:

Like watching Davinci paint....

Simply beautiful.....

:)
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Thank you, but I wouldn't get too excited over 2,3,4 points here. I am looking for much bigger moves than that. And yes, I will give it all back and then some in order to find the big winner. Ideally , I would be shown a signal to get out before that would happen, but maybe not. Breakeven is in the noise and makes no sense here .
 
Even for a few points, still very impresssive.

***

I know you don't cover Gold, but would like to hear your opinion on it whenever you a have a chance to look at it.....(Do you trade gold?)


:)
 
Quote from optionpro007:

Even for a few points, still very impresssive.

***

I know you don't cover Gold, but would like to hear your opinion on it whenever you a have a chance to look at it.....(Do you trade gold?)


:)
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I do not trade Gold.
 
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