ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

entry level

Callmate, I have edited previous post regarding China
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Yes, I saw the post, thanks for the information.
As a matter of interest, why did you choose that particular point as your entry level? Did it have anything to do with MACD crossing the 0 line?
 
Quote from callmate:

Yes, I saw the post, thanks for the information.
As a matter of interest, why did you choose that particular point as your entry level? Did it have anything to do with MACD crossing the 0 line?
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Do you see green arrow where histogram kisses the centreline? That is the trigger point, not MACD, MACD cross follows histogram cross, so histogram trigger provides better entry points without having to reduce position size as there is no need, on most occasions, to widen stops.
 
Closed 1/3 +16.75 too close to my projected retrace range and histogram bending a tad

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1757248>
 

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Thanks for your response.

I saw it coming on 5 min chart. By the way I am staying out of the market today, too scary! :D
long.png
 
I told u guys to go long.

That was a major multi-year bottom we just hit.Probably wont see those prices for a long time if ever again.

Wait til we get some action from the Fed and the Exchanges.You guys aint seen nothing yet.

blackguard
 
Quote from callmate:

Buy1Sell2 is sitting pretty today, what a drop, I really do admire the way he catches these big moves.:p
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Of course, but YOU/WE can do the same, but intraday :)
 
Very small position short here 1277.75 off 1 min (not geared for a scale out)

Basically so far triple failure swing on lowered histo

Stop near 1282
 
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