ES Journal Archive (2006 - 2008)

[volente_00]

Quote from blaster1:

Long 89.75 stop 1 pt.

Sounds good, but why so tight of stop ?



good chance of 88 before a turn

 

[Pekelo]

1388 is Rule of 10 long... let's see....

Cash gap is also filled...

P.S.: I agre with Vol, it is managing the trade and exiting what's hard, not entering...

 

[blaster1]

Quote from volente_00:

Sounds good, but why so tight of stop ?



good chance of 88 before a turn

That's my usual stop. Not taking any chances.

 

[volente_00]

86.43 on cash is the fight zone

 

[blaster1]

Re-entered long 87.75. Let's see if rule of 10 works....

 

[blaster1]

I expected a pullback from the high but not as severe.

 

[volente_00]

Quote from blaster1:

I expected a pullback from the high but not as severe.

If you are a disciplined fader, you will never be long on a gap up or short on a gap down due to probability of gap closure.

 

[Pekelo]

Quote from Pekelo:

P.S.: I agree with Vol, it is managing the trade and exiting what's hard, not entering...

So far we have a 2 pts bounce up from entry, here comes the question, should we take it, or at least move the stop loss up to BE? I would say the later...

 

[blaster1]

Thanks volente, learned something new today.

 

[blaster1]

Quote from Pekelo:

So far we have a 2 pts bounce up from entry, here comes the question, should we take it, or at least move the stop loss up to BE? I would say the later...

Agreed... Looks like we're headed higher.