ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

This was a sell at 21 on stop (1-2-3).
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You've used the term "1-2-3" before. What do you mean by that? I'm unfamiliar with the phraseology.

My short entry was also on a stop order, which I trailed up with the thrust because I didn't know where it was going to turn and didn't want to miss the move.
 
Quote from mbusch:

You've used the term "1-2-3" before. What do you mean by that? I'm unfamiliar with the phraseology.
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Stopped out, and missed a fill to short again at 21.25. so I have a moment.

New high + reaction down + failed attempt at new high + movement below the low of the reaction = 1-2-3 top. Think of the lower case letter 'h"

New low + reaction up + failed attempt at new low + movement above high of reaction up bar= 1-2-3 bottom.

I'll try to pull up a link, when I have another minute.
 
Quote from smilingsynic:

Stopped out, and missed a fill to short again at 21.25. so I have a moment.

New high + reaction down + failed attempt at new high + movement below the low of the reaction = 1-2-3 top. Think of the lower case letter 'h"

New low + reaction up + failed attempt at new low + movement above high of reaction up bar= 1-2-3 bottom.

I'll try to pull up a link, when I have another minute.
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Gotcha, thanks! I think that's what Anekdoten calls M-tops and W-bottoms. M- and W- differ from double tops/bottoms in that the retest fails early.
 
Quote from apex82:

out at BE and reversed short


stop on short 1 tick above 1420

target new lows on the day

closing out short at BE
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not worth risking money on a friday lunch chop

will reenter if we break new lows
 
shorts are screwed from here on out.

nothing but new highs in store before the elections.

after that with a new President in place we zoom higher into 2009.

blackguard
 
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