ES Journal Archive (2006 - 2008)

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Quote from saliva:

That's just my point. On what are you basing your reward? I have no clue how you came up with 1355.

**edit**

Well, I do but the chart also tells me that this was not a very significant S/R either.
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I guess I view a chart differently...

on an intraday basis I dont see any reason to short here... to much risk to know if your wrong or not. However, it allows for a low probability but good R:R long... I am about maximizing my profits not if I am right on a trade.

I was expecting a big move to the downside as I am short a lot from higher levels...

just playing the ebb and flows of the market
 
Quote from kinggyppo:

If Apex is a dimwit I'd love to see what a smart trader makes. You should check out his youtube videos, there are some clues for the wise. Good trading all. :)
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Now c'mon, that's not what I meant. Let's not twist the fact with your own myopic views.
 
We had a 70pt down. I will begin covering here to 1330. I will look to hold longs for 70pts as well.

Good trading and always use risk control.
 
Quote from apex82:

I guess I view a chart differently...

on an intraday basis I dont see any reason to short here... to much risk to know if your wrong or not. However, it allows for a low probability but good R:R long... I am about maximizing my profits not if I am right on a trade.

I was expecting a big move to the downside as I am short a lot from higher levels...

just playing the ebb and flows of the market
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Don't get me wrong. Your method is very sound indeed. But I don't see why you should go long just because the R:R is higher for long than short. I mean we're in the middle of nowhere. Personally, I wouldn't go long or short. It would make more sense (at least for me) to wait until we hit a support zone that has been tested in the past before taking a long position. I don't yet see such a support to justify your long call.
 
Quote from saliva:

Don't get me wrong. Your method is very sound indeed. But I don't see why you should go long just because the R:R is higher for long than short. I mean we're in the middle of nowhere. Personally, I wouldn't go long or short. It would make more sense (at least for me) to wait until we hit a support zone that has been tested in the past before taking a long position. I don't yet see such a support to justify your long call.
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agreed.. probably best option is to be on the sidelines..

However, I see a support zone.. and a place where insti's may look to bid it back up. So until it breaks 36 I want to be focused on low risk longs.

whenever I am trading countertrend I reduce my position to half the size as well.
 
one think i watch for the last hour is the uvol/dvol it'll tell you on the total volume which one is growing faster if at all,pain in the ass to watch but extremely accurate because of electronic update on totals
 
Quote from StockyIrishman:

Quote from storm121:

I will take the other side of your trade.

long 1354.75.one contract.

good luck

If this dude actually put on his trades he would have been blown out a LONG time ago, unless storm has unlimited resources. He's great for fade trades.
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You guys misunderstand his trades.

When he says he is going long this is what he is going long



http://finance.yahoo.com/q/bc?s=SDS&t=5d


Blackgaurd
 
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