ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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/stopped out 1342.75 -2.5
+6 ticks above that is a long
-6 ticks below that is a short
no trades between the lines
A STOP can be if price comes back between the lines or as a worst case the STOP will be on the other side of the 3 handle range.
EDIT: i take the loss usually within 4 ticks on a loser, keep em small then when you get the "RUN" you are good to go.
-6 ticks below that is a short
no trades between the lines
A STOP can be if price comes back between the lines or as a worst case the STOP will be on the other side of the 3 handle range.
EDIT: i take the loss usually within 4 ticks on a loser, keep em small then when you get the "RUN" you are good to go.
its common sense, but the path of least resistance is indicated, when you stratify a market and see levels being taken out.
a risk modifier is to go against this, and one must wait for confirmation that the 'path of least resistance'/trend has shifted before entering with the new trend/trend.
a risk modifier is to go against this, and one must wait for confirmation that the 'path of least resistance'/trend has shifted before entering with the new trend/trend.
once filled the mkt action is your quide. there are no solid stop area. if you have a few ticks to the good and it comes back , you try to get out before it becomes a loser. disciplined trading is what makes this trade work.
EDIT: Thats why they gave us one click trading with a mouse.
EDIT: and that is a reason why i do not call trades. i am in the morning in and out sometimes. A long time ago i told a friend about a stock to buy, that person bought the stock and never told me. Well conditions changed on the stock and i was long out and the stock finally went into BK. I was accused of being a asshole. lost a friend, never gave trade info after that. I tell stratagy etc but not trades.
EDIT: Thats why they gave us one click trading with a mouse.
EDIT: and that is a reason why i do not call trades. i am in the morning in and out sometimes. A long time ago i told a friend about a stock to buy, that person bought the stock and never told me. Well conditions changed on the stock and i was long out and the stock finally went into BK. I was accused of being a asshole. lost a friend, never gave trade info after that. I tell stratagy etc but not trades.
Quote from bighog:
once filled the mkt action is your quide. there are no solid stop area. if you have a few ticks to the good and it comes back , you try to get out before it becomes a loser. disciplined trading is what makes this trade work.
EDIT: Thats why they gave us one click trading with a mouse.
Unfortunately, we can't quite discern your entries and exits with the vagueness of these posts, so trades and calls will be disregarded. Sorry--
Posting thoughts is fine.
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