ES Journal Archive (2006 - 2008)

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Quote from kinggyppo:

Can someone define swing trading for me? What is a typical profit target on a swing trade?
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wave


Registered: Mar 2005
Posts: 750


New Post 05-28-08 11:03 AM

Quote from fearless9:

Wave,

Can you expand on this please ....
"its end to reverse back short"

regards
f9



Market structure dictates that the starting point of a new wave will also be it's end. So if you went long at 1381, you should be prepared to reverse short at or under 1381 or use a trailing stop formula to stop you in short.
 
Quote from kinggyppo:

Can someone define swing trading for me? What is a typical profit target on a swing trade?
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Swing trading for me is 3-5-10 days or 3-5-10 points intraday ES.
 
Quote from tommymoose:

Short NQ 2004.75, stop 2007.75... if we don't get a drop right off the open where the 2003-2006 resistance can get tested in RTH then I'll close the trade.

:edit: 2007.75 is showing up on my charts that are fed by zenfire, yet my stop market order on MBT never went off. Just got off the phone with them... anyway, still short stop bumped to 2008. No near target as of now.
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I set a MIT order to exit at 1987 but it was missed by 2 ticks... shucks haha... well, stop dropped to 2000 and 1987 target removed since a break in the days lows could make things ugly.
 
Much to my help, my stops aren't going off, but this is getting nuts... I gotta figure out whats wrong with my software... its helped me out twice today, but its definitely disconcerting. Anybody else use MBTrading having this issue?

BTW looking to short 1994-1995 area on NQ if we can get up there.
 

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