looking to go long at 1324.25
and short at 1320.75
and short at 1320.75
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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i'm trying to get in on the trend sooner than the MA crossover, and was reading about Trader Vic's 123 reversal, which seems good for that purpose
I don't know which crossover method's being used, but ImPO if you are talking about intraday action then I consider multiple crossovers as a better indicator of either strengthening or weakening price action. Weakening near HOD after a run up & strengthening near LOD after a decline 
Quote from JSSPMK:
I don't know which crossover method's being used, but ImPO if you are talking about intraday action then I consider multiple crossovers as a better indicator of either strengthening or weakening price action. Weakening near HOD after a run up & strengthening near LOD after a decline
you mean using 3 MA's?
yes, i'm planning to, although my sell stop for zb just now didn't go through. Must look into that
This is a strategy that buys breakouts and sells breakdowns. If managed properly, the system works, but most trades will likely end in losses. Most people will give up after just a few losses and then kick themselves as they sit on the sideline watching the trade that they did not take turn into a huge winner. If you can forget about winning percentage and just concentrate on making the losses small and the winners big, then you may have a chance. Of course, that applies to all types of trading and is the only true edge in trading.
Isn't that funny the 1320 level has more than a thousand contracts at the bid!
Another magic number today?
Another magic number today?
I exited this last add at 1324.25 ... + 10.75 early this morning on a limit placed last night.
Sorry I couldn't post it in realtime as I was still sleeping when it happened. So for journal integrity, here's the close out of that trade.
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