ES Journal Archive (2006 - 2008)

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It is not correct . If he think that he is 90% right he can have 3x bigger stop like target and still 2:1 RR.
Yesterday he show as minimum to me that he was right in situation when it looked extremely dubious.

I am scalping with 12 point stop as well /big disaster stop/.
The difference is that I am sitting at computer and if there is problem than immediately out. I learned that it is better because those spikes usually turn back.
The only situation when I have tight stop is if I try catch falling flying knives at low/high retest.




Quote from smilingsynic:

!!

Looks like a 15 point stop, for a daytrade. I'm speechless. This makes sense only if you see reasonable potential for a 30 point gain.

Daytrading the ES is not like cooking with a Ronco rotisserie oven: you cannot simply set it and forget it.
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Quote from volente_00:

I posted this on the 5th with cash at 1370.






The next trading day we hit a high of ~1387 and today we hit 1324, was it close enough to fill the 1322.7 cash gap ? We shall see. I disagree with your comment about nobody knows. We might not know exactly but the footprints were there to see the intent 10 days ago.
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hey vo,

i must have missed that earlier prediction of yours. but...

obviously we failed at your failure projection: 1380-1400
then we went back down, like you predicted: 1320ish

next two parts, up to 1418: i have 1420 ish, but pretty much the same.

then 1468-80 later in the year: that far i cannot project.

however, i would add one piece: my analysis says 1470 sometime this week for ops ex. prob thur or fri.

i did the analysis last w/e before we hit 1320 and that's also where i expected us to go for a low (too bad i missed your post or i would have commented sooner). but i thought we'd bounce and hit 1370 by thur or fri for ops ex. so we'll see if that part materializes.
 
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