ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from Buy1Sell2:

Buy stop has been lowered from 1410 to above 1343. This now ensures roughly 140 points gain on this trade with 2 commissions. --Holding short here.---:)
More...

So what is your premise and logic for a stop at 1343? Do you have a specifc reason for 1343? After losing 76 points thus far why not put your stop above the 50 day MA which is approximately 1362 give or take and usually, at least the first time presents farily good resistance.

DMartin
 
Getting closer here to my stop out area above 1343. If stopped out, I will net roughly 140 points on 2 commissions. I will then only be looking for new short opportunities. Good fortune to all!:)
 
With all due respect B1S2 but you sound like a freaking broken record. The question wasn't what your stop loss was, after all we already heard that at least 3 times. The question was WHY 1343?

Why not 1435 or 1358 or whatever? Was that 1343 based on technicals or loss%?

P.S.: At this point I won't even point out that my prediction of being short in front of cut rate being wrong was right. Opps, I just did. :)

Edit: Pekelo's 2nd gap rule applies....
 
Quote from Pekelo:

With all due respect B1S2 but you sound like a freaking broken record. The question wasn't what your stop loss was, after all we already heard that at least 3 times. The question was WHY 1343?

Why not 1435 or 1358 or whatever? Was that 1343 based on technicals or loss%?

P.S.: At this point I won't even point out that my prediction of being short in front of cut rate being wrong was right. Opps, I just did. :)

Edit: Pekelo's 2nd gap rule applies....
More...

this type of shit is hysterical............the mere fact that a kid is informing/critiquing an experienced trader on what he "should`ve" done.............i may not agree with most here on their decision making process but far be it from me to judge them as i have no idea what their methodolygy consists of....just as pekelo has no idea what it is that b1s2 is actually doing here.
his scale of a trailing stop is wider than most & only captures something close to a macro move.
one can take 500k traders & put them in a room & decipher 500k different mindsets/methods of operation.......as long as they are profitable & are able to execute "their rules" to fruition.....whom has the right to judge?........it`s these types of posts are the ones that remind me i`m in romper room here ,aside from a select few.
one should be greatful that their are so many different minds/styles at work here to learn from......rather than criticize,kick back & learn & listen as their are hidden gems to be found here & if one is busy typing their smack....they are not picking anything up.
 
03-11-08 08:40 AM

I have a short-term target here of 1312 for longs.

They will take it down one more time. The bull run is coming... Sentiment shifts occuring. From here to the 18th, look to postion long for a new bull run.
-----------------------------------------

Watch for turn south here above 1343. They took out the stops.
 
Status
Not open for further replies.
Back
Top