ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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B1....one of the biggest sins in trading is adjusting time frames to accomodate a losing trade.....which is pretty much what i saw yesterday.if one was seeking 6 points...i don`t believe one should risk more than 6 points to see if the trade works out or not.
is this something you do often on a short term trade?i know you are not short term oriented at all......but the trade you put on was.....do you reccomend to some of the newer traders to employ such a strategy as to accomodate a losing trade by switching time frames?....regardless of what the dominant trend is.
is this something you do often on a short term trade?i know you are not short term oriented at all......but the trade you put on was.....do you reccomend to some of the newer traders to employ such a strategy as to accomodate a losing trade by switching time frames?....regardless of what the dominant trend is.
i`m still bearish....short,mid & longterm......until proven wrong.
BG thought it was safe to come out & criticize me because the daily hammer gave him a set of stones.........i`ll continue to make my stand against the concensus & still see 26 before 87 retest.
i`m most likely a seller on any move up,like i have been at conservative levels with moves to 55.......& 60/61.
this is my last call on any price action,targets & market direction....there is no way that a couple of disrespectfull posters are going to benefit off my calls/analysis anymore.......which i know they have been....thanks to those whom have pm`d me encouraging me to continue with commentary,much appreciated.
i will continue to post but not info.
JSS......26 is the diamond measurement on the 60min.....very rarely do we get that close, not to hit desired/measured target on bull or bear sides.........the objective.
Since it is quiet here, here is a chart comparison of different timeframes, 5 mins and daily.
As I mentioned earlier, chartpatterns repeat themselves independently of timeframes.
So basicly whatever followed the little rally on Oct 4th on the 5 mins chart was repeated in the last 12 days on the daily SPX chart. This is a rather common behaviour after a rally...
As I mentioned earlier, chartpatterns repeat themselves independently of timeframes.
So basicly whatever followed the little rally on Oct 4th on the 5 mins chart was repeated in the last 12 days on the daily SPX chart. This is a rather common behaviour after a rally...
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