ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from bighog:
OK, agreed, we all have our ways, cool. here is numbers for today (give or take a tick)
+6 line = 1438.75
0835 central , = 1437.25
-6 line = 1435.75
have a good trading day, ystrdy was good , never got to last fridays high at 1439.00 but went up to the 38. Had 2 trades all day.
Not a great morning for this system, at least the way I did it. Got myself back to even though (doing this on paper for now just for fun). Do you take a position the moment it breaks out of the channel or do you wait for a close outside of the channel if you don't mind me asking?
It's like free $
Quote from volente_00:
It's like free $
Indeed it is - I've been looking at some charts, and it's almost uncanny. In your own trading, what percentage of the time would you say a 10:30 reversal works for you?
ryank
You are right, on choppy mornings like this, the goal at worst is to break even. After a while it gets to where you get to where the one that counts makes your day. The later 1438.75 (second one ) combined with the first hours breakout did the trick today.
Think of a "whippy" morning such as today like this: The range was only approx 3 1/4 handles wide from 1438.75 down to 1435.50, (approx the DEAD ZONE) You ask yourself if the days range is in and a most logical conclusion would be to answer "NO, THE RANGE IS NOT IN YET". So you know in your head to now revert to first hour breakout. Bingo we made some bacon. Sounds like many in this thread are on the same page. COOL ..later, had to go to Docs tonight and get blood pressure checked. Kinda high so need more tests. O well, all is good though. maybe i need to trade heavier ..
:eek: 135 over 93, small dosage pill. doc said he not like to see the low number over 90. .. :eek:
You are right, on choppy mornings like this, the goal at worst is to break even. After a while it gets to where you get to where the one that counts makes your day. The later 1438.75 (second one ) combined with the first hours breakout did the trick today.
Think of a "whippy" morning such as today like this: The range was only approx 3 1/4 handles wide from 1438.75 down to 1435.50, (approx the DEAD ZONE) You ask yourself if the days range is in and a most logical conclusion would be to answer "NO, THE RANGE IS NOT IN YET". So you know in your head to now revert to first hour breakout. Bingo we made some bacon. Sounds like many in this thread are on the same page. COOL ..later, had to go to Docs tonight and get blood pressure checked. Kinda high so need more tests. O well, all is good though. maybe i need to trade heavier ..
:eek: 135 over 93, small dosage pill. doc said he not like to see the low number over 90. .. :eek:Quote from bighog:
ryank
You are right, on choppy mornings like this, the goal at worst is to break even. After a while it gets to where you get to where the one that counts makes your day. The later 1438.75 (second one ) combined with the first hours breakout did the trick today.
Think of a "whippy" morning such as today like this: The range was only approx 3 1/4 handles wide from 1438.75 down to 1435.50, (approx the DEAD ZONE) You ask yourself if the days range is in and a most logical conclusion would be to answer "NO, THE RANGE IS NOT IN YET". So you know in your head to now revert to first hour breakout. Bingo we made some bacon. Sounds like many in this thread are on the same page. COOL ..later, had to go to Docs tonight and get blood pressure checked. Kinda high so need more tests. O well, all is good though. maybe i need to trade heavier ..
I got caught going long on the first touch of 1438.75, got out when it went back to the middle of the zone. I then rode the next breakout a bit to put me barely past breakeven for the day then decided to pack it in and wait for tomorrow. Got to keep on your toes and take the opportunities when they present themselves.
Amazing what open interest can tell you.
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