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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from kinggyppo:
This market has shown amazing symmetry lately. Pull up a 60 minute chart as well.
I agree, but I had to redraw my trendline after May 10.
The original trendline from the March 14 low touching the April 12 low and May 1 low was violated by the May 10 low and close. I think that hadfaked more than a few.
How we doing today?
I'd expect things to relatively quiet here ( ± 2 pts.) until we get into that last hour of trading.
Times are dynamic, things beginning to look pretty interesting around 14:45 and 15:05. The 15:30 is still intact, last hour reversal in the making.
Not that anyone is asking.
Just,
My2cents
I'd expect things to relatively quiet here ( ± 2 pts.) until we get into that last hour of trading.
Times are dynamic, things beginning to look pretty interesting around 14:45 and 15:05. The 15:30 is still intact, last hour reversal in the making.
Not that anyone is asking.
Just,
My2cents
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After being stopped out of my long position earlier for a +2pt gain, I went long again at 1515.50 with a very tight 2-tick stop at 1515.00. PT1 is 1517.50 (+2pts), and PT2 is 1520 (+4.5pts). If 1517.50 prints, I will raise my stop to breakeven.
Stop now raised to breakeven at 1515.50.
Stop now raised to breakeven at 1515.50.
Out at 1517.50 for +2ptsQuote from mbusch:
After being stopped out of my long position earlier for a +2pt gain, I went long again at 1515.50 with a very tight 2-tick stop at 1515.00. PT1 is 1517.50 (+2pts), and PT2 is 1520 (+4.5pts). If 1517.50 prints, I will raise my stop to breakeven.
Stop now raised to breakeven at 1515.50.
Quote from steve46:
and my 60 min.
You can see that from about the beginning of the month we have been chopping up and down within a range.
The smaller buffer zone below the horizontal "braket" is "line in the sand". I would be getting short in that area.
where would you place your stop.... 20pts away?
20pts? lol. Nope
I have a method that takes an initial signal from a 60 min chart
Then I look at the 5 min for the entry. Works pretty good for me and I scale the stop size based on local volatility. Right now my stop for the ES market is 2-2.5 pts.
This year my hit rate for that method has been 79%
I have a method that takes an initial signal from a 60 min chart
Then I look at the 5 min for the entry. Works pretty good for me and I scale the stop size based on local volatility. Right now my stop for the ES market is 2-2.5 pts.
This year my hit rate for that method has been 79%
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