ES Journal Archive (2006 - 2008)

[mbusch]

Quote from satchel:

Maybe 35. then Sharp reversal up.

Great call! Stopped out my long, dammit. Will re-enter lower. Zero-sum game indeed!

 

[saxon22]

This movement looks like is going to 33 mybe even 30.

 

[kinggyppo]

gap starting to fill here, eh?

 

[satchel]

Quote from mbusch:

Great call! Stopped out my long, dammit. Will re-enter lower. Zero-sum game indeed!

I was wondering what you would do. When I am working off a 15 minute, try to give more room .

Good trading though, although not expecting all hell to break loose ya never now.

I am in on this 34 now.

 

[BoyBrutus]

Quote from saxon22:

This movement looks like is going to 33 mybe even 30.

Good call Sax, maybe the start of that large move Apex was on about.

 

[satchel]

I will have to be out near the 30.

Not feeling super confident

...

But there it is.

 

[satchel]

There is life in this trade still.

 

[satchel]

 

[smilingsynic]

Quote from saxon22:

I have recently added Bollinger Bands to my set up. Anyone else ?

I used bands when I first started. Made great money when they worked, and then gave it all back when they didn't.

Like all indicators, sometimes they're useful, sometimes they're not, but all indicators fall short when compared to the king of the indicators: PRICE ACTION.

If I were a newbie all over again, I'd focus on that alone. When price hits a support area and then volume and movement there dry up, that's bullish. When price hits resistance and then volume and movement dry up, that's bearish. Price will do that again when it hits the next levels above and below-pivot areas, recent daily highs/lows, unfilled gap areas, and such.

If I had focused on price action instead of trying to find some magic indicator, I would have saved years, and made more coin.

 

[satchel]

Another seller could be in here.

I am putting on another timed stop.

I will add if 30 is hit.

Timed stop is 40 minutes.