ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from Buy1Sell2:

Very good. This is what I mean by being careful with a short right now. :)

At the moment, I do not like the pattern that you describe, however it IS in the direction of the trend, so weight must be given to that. Personally, I don't look at charts so small. In fact I never open a chart smaller than 15 minute. Does that make me slow to react? Probably yes, but then I will be slower to react on the other end and that helps keep me in winners longer, so it's a good trade off in my view.
More...

15 minute chart--
 

Attachments

Quote from Buy1Sell2:

Very good. This is what I mean by being careful with a short right now. :)

At the moment, I do not like the pattern that you describe, however it IS in the direction of the trend, so weight must be given to that. Personally, I don't look at charts so small. In fact I never open a chart smaller than 15 minute. Does that make me slow to react? Probably yes, but then I will be slower to react on the other end and that helps keep me in winners longer, so it's a good trade off in my view.
More...

I have a very low tolerance for events that take days to work out, that's just not my character (unless I know that reward will be substantial over years to come). Also, I think you'll agree that we all like the thrill associated with being in near or even at either top or bottom of an oscillation. As you said before money management is key & I agree
 
The real bounce from here I would think.

Then, a little later we will have some comments concerning what is known about the male individuals who buy on days that begin with the letter T.:)
 
Long 3 contracts 1308.75

front running this a little early as I see bottom forming on rsi on the 60m. 30m has bottomed

Stop 1297
Targets 1319, 1330, and 1338

edit: I try to get the time stamp as close as I can to the actual trade and then edit and put info in.
 
Quote from Buy1Sell2:

Then a little later we will have some comments concerning what is known about the T day boys.
More...

I don't know about that, but the overnight low was 1307.25 and we topped at 1317 this morning, which was also as close to filling the gap as it got, if one considers 1 point as a gap...
 
Status
Not open for further replies.
Back
Top