ES Journal Archive (2006 - 2008)

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Quote from OldTrader:

You mean if it doesn't go up, it's going down? LOL.

OldTrader

Ever hear of the idea of buying support, with a stop close but not too close (if support holds, big gain; if support fails, small loss)?

I would guess an "old trader" would have.
 
Quote from smilingsynic:

Ever hear of the idea of buying support, with a stop close but not too close (if support holds, big gain; if support fails, small loss)?

I would guess an "old trader" would have.

that is a fantastic strategy, small loss vs big gain
 
Quote from smilingsynic:

Ever hear of the idea of buying support, with a stop close but not too close (if support holds, big gain; if support fails, small loss)?

I would guess an "old trader" would have.

Market structure, whether traded linear or nonlinear is built upon the simple concept of support and resistance.
 
New traders, smaller conservative accounts just need to piggyback the big boys. Experienced traders, larger accounts play the extremes. Much bigger money to put into play requires different strategy. And I know Spectre007 knows what I am talking about.

Upper 1350s target.
 
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