ES Journal Archive (2006 - 2008)

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Quote from trendy:

Another fantasy trade on his part.
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... and while we're chatting during the friday afternoon lull, you've got a good point there trendy (I definitely see your side on this one), but he does make pretty nice intra-day scalping calls, just take them for what they're worth on a free, anonymous, trading chat thread.

JJ
 
Quote from trendy:

Short at 1457.25 on a rejection off of a downtrending 50 MA in a 10 min. fractal. Stop above HOD.
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Hope you are going on more than that.

So Trendy you got support that has been tested twice only a point below with other indices in a clear uptrend your stop is a point above. Dont like the odds.

not meaning to teach you to suck eggs :D
 
Quote from trendy:

Short at 1457.25 on a rejection off of a downtrending 50 MA in a 10 min. fractal. Stop above HOD.
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Why not make it an action stop which triggers once the 10min candlestick closes above the 50 SMA?.

That would make more sense to me, since you're using the 50 SMA to define your trend, trendy ... and you also stand to lose less when it happens, which it's going to do in a few minutes.

Good trading,

JJ
 

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... wow, I've seen the Spurs play basketaball games that were more exciting that this action.

BTW, there's an old trader saying whish is to never short a dull market.

Let's see if it holds true.

JJ
 
Not enough follow through to the downside. Out for even.

I don't trade off of MAs, but I saw it was in a down trend, Adv/Dec. below 1 all day. Tick relatively weak. Thought I would give it a shot on an otherwise slow day.
 
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