ES Journal Archive (2006 - 2008)

[princessa]

Quote from saliva:

Thanks Princess, but I found the answer myself. I can't believe I missed this!!!

Check it out.

what is the blue line? keltner channel?

 

[Pholeuon]

Out at 1196.25 +1 tick
This is my standard strategy, if trade goes against me more than x ticks I am going out close to breakeven /if possible and trade at this point is not running quickly/

Quote from Pholeuon:

long 1196 stop 15 points

 

[saliva]

Quote from saliva:

Thanks Princess, but I found the answer myself. I can't believe I missed this!!!

Check it out.

Now where do you think the upside target will be? Well, duh!

 

[saliva]

Quote from princessa:

what is the blue line? keltner channel?

Yes, however the down-sloping trendline (or lower chennel) is what counts here. I'm more than pissed that I missed this one. It's soooooo obvious!

 

[saliva]

Quote from saliva:

Long @ 1193

Out @1188.75

 

[Pekelo]

Quote from princessa:

could be another Step Down Day, to quote pekelo's terminology.

Not every down day is a SDD. First 90-120 minutes down, 3 hours sideways, another step down into the close is how it should proceed. Yesterday was pretty classic, except the 2nd down came a good hour later than usual. But the afterplay went according to the book, going long at the cash close paid off nicely...

 

[Buy1Sell2]

Quote from gobar:

went long @ 1203.25

Trade disregarded

 

[Buy1Sell2]

Quote from saliva:

Long @ 1193

Trade disregarded

 

[Pholeuon]

Long 1188 stop 15 points

Stop moved to 88.50

Stopped +2 ticks

 

[Spectre2007]

if you drew your trendline more accurately ...1187 was the bounce point, there is a high probability pattern of rallying 100 points off that level.