ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from Buy1Sell2:
Still remaining short here. There's just isn't anything else to do right now. The market attempted the move above above 1343 yesterday but could only manage 3 ticks (at least so far). So, here I sit just waiting like the last few weeks. Thanks for the kind comments Romy.
B1.....i was under the impression you were stopped at 43?.......where your stop was set?
T-Moose.....i`m actually looking for a move up as well....into the 1315/25 zone before we fall.......NL is now complete @ confluence.
Romy........nice to see you back,man.
Quote from Spooz Top:
B1.....i was under the impression you were stopped at 43?.......where your stop was set?
T-Moose.....i`m actually looking for a move up as well....into the 1315/25 zone before we fall.......NL is now complete @ confluence.
Romy........nice to see you back,man.
My stop out was above 1343. I am not sharp enough to pick an exact stop out when I am in a winner, so I use manual stops. I begin looking more closely to get out as we approach my level. I prefer not to get out any farther than 6 points above or below my level, but again I use manual stops when in a winner. I must stress though, that an individual using high leverage does not have this luxury. That individual must use hard stops at all times. Now, if I am not in a winner or I have just put a trade on, then I will generally employ a hard stop, so as to avoid losing more than 2 percent of TLNW. If that stop is pretty far away from the market, then I generally use a manual stop there as well. This is in order to avoid the silly JPY/USD North Korean Nuclear Scare 5 minute move a couple of years ago.
How dare you doubt the T day theory
Or some never take the profits and let 100 - 200 points slip away while adding commissions to it.
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