ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Staying long here and will do so most likely until MOC. --unless stopped out.

out MOC at 1403.00 for a slight gain. Didn't catch the big winner today. Today, I would have been better off just taking the 6 points. We'll catch a bigger winner soon.
 
I think is safe to blame volente for the selloff....



Quote from Buy1Sell2:

out MOC at 1403.00 for a slight gain. Didn't catch the big winner today. Today, I would have been better off just taking the 6 points. We'll catch a bigger winner soon.
 
Quote from Buy1Sell2:

out MOC at 1403.00 for a slight gain. Didn't catch the big winner today. Today, I would have been better off just taking the 6 points. We'll catch a bigger winner soon.




Or you could have sold half for 6 points. :)

Just curious why you ignored the 6 point rule on a light volume short day, The odds are heavily against a breakout day in this situation.
 
volente, could you eloborate on the 6 point rule you are referring to? Never heard of it.

Thanks !



Quote from volente_00:

Or you could have sold half for 6 points. :)

Just curious why you ignored the 6 point rule on a light volume short day, The odds are heavily against a breakout day in this situation.
 
Quote from volente_00:

Or you could have sold half for 6 points. :)

Just curious why you ignored the 6 point rule on a light volume short day, The odds are heavily against a breakout day in this situation.

The trade will be reentered on Sunday night unless there is something adverse over the weekend. I only closed it since it was a long trade on Fri. The chart still indicates upside. By the way, 6 points appears to be a pretty good rule for simple intraday trading it appears.
 
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