ES Journal Archive (2006 - 2008)

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Quote from tommymoose:

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.

As long as you are trading off longer term chart with the help of 1 min as a lead you ought to find a way, strategy wise, to make more than lose, it's not THAT complicated. Once a person gets used to removing bias (when an opp shows up against a predominant oscillation) which does prevent from making a short term trade consistency ought to improve.

F it, short 1351.75 off 1 & 2 and hourly obviously

+ wedge there

+ pivotal is an obvious R now

Scaled out +1.75
 
Quote from JSSPMK:

As long as you are trading off longer term chart with the help of 1 min as a lead you ought to find a way, strategy wise, to make more than lose, it's not THAT complicated. Once a person gets used to removing bias (when an opp shows up against a predominant oscillation) which does prevent from making a short term trade consistency ought to improve.

F it, short 1351.75 off 1 & 2 and hourly obviously

It is not so much about how to make a killing but how to avoid being killed whether you average with or against your positions.
 
Quote from avarus:

It is not so much about how to make a killing but how to avoid being killed whether you average with or against your positions.

Yes, I am in strong opposition camp of averaging down, adding to position in black I haven't mastered yet
 
Quote from JSSPMK:

ImO 1333 or thereabouts

If S1 doesn't hold, then, yes, low 30;s
If it does hold, then low 50's.

I need more evidence before I'll take the bet.

Want to see evidence of buying before looking for a pullback. So far, no dice.
 
What setting do you use on you MACD

TIA

Nice trade

Quote from JSSPMK:

1/3 +9.75 off S1

Storm, I feel for you, NOT! :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1801400>
 
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