ES Journal Archive (2006 - 2008)

[JSSPMK]

3m pointing to a poss bounce/reversal

 

[avarus]

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Quote from smilingsynic:

Why do so many around here disappear?
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Not much too say, just waiting with short positions above 1353. This one is taking its time. We may have just cracked the ice here and begun the move back down into the abyss.

 

[tommymoose]

Quote from JSSPMK:

3m pointing to a poss bounce/reversal

1-min shaping up too.... long 46.25, stop 45.25... target 53

stopped, looking to get in again though

In again, long 46.25, stop 45 ... 47.75 and 53 are my retrace exits... gotta pick. Alright, looks good to go to 53... stop at BE

Stop bumped up to 47.75

 

[avarus]

The next drop coming will be significant and likely the end of this bear market. We will then have a signficant move up. If that move fails to follow thru, check your rifles, lock and load, most of us have never experienced a depression. Violence and crimes will ramp up.

 

[JSSPMK]

Quote from tommymoose:

1-min shaping up too.... long 46.25, stop 45.25... target 53

if 240 breaks now then 1 min will be only good for scalps ImO

 

[avarus]

S&P may see 900. Can't you see what is being setup? You must study history to understand the future. It's already clear what party is going to win the election. It's not all in the technicals.
This one will go down in the history books.

 

[vertigo3]

avarus,
what's going to go down in the history books,
a) the election
or
b) a drop to 900 in the S&P?

tommymoose, good call.

 

[tommymoose]

Quote from vertigo3:


tommymoose, good call.

Out with a little slippage on that stop market order, so BE before commissions on the two trades... oh well heh. thanks though

 

[JSSPMK]

Quote from tommymoose:

1-min shaping up too.... long 46.25, stop 45.25... target 53

stopped, looking to get in again though

In again, long 46.25, stop 45 ... 47.75 and 53 are my retrace exits... gotta pick. Alright, looks good to go to 53... stop at BE

Stop bumped up to 47.75

WTG!

Obviously you wouldn't have been stopped out would you mark your stop a tick below the Lo, also I know we all manage risk via different strategies, but in my observations as long as you are trading a longer term chart (I saw it on 3m) then as long as 1m is still intact pattern wise your stop CAN BE a mental one, within reason of course.

10m now turning bullish both on ES & USD/JPY vs hourly charts though.

 

[tommymoose]

Quote from JSSPMK:

WTG!

Obviously you wouldn't have been stopped out would you mark your stop a tick below the Lo, also I know we all manage risk via different strategies, but in my observations as long as you are trading a longer term chart (I saw it on 3m) then as long as 1m is still intact pattern wise your stop CAN BE a mental one, within reason of course.

Thanks for the tips JSS! I see what you're saying, that unless the 1-min starts to show weakness, theres no reason for a hard stop thats too close. Its too liable to get hit by the noise as I just saw. Even leaving my stop at BE would have kept me in that trade.