ES Journal Archive (2006 - 2008)

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Quote from Jahajee:

Be on that one

Seems to me that if we hold the low so far today we can rally last 30 minutes
BUT, market looks weak, likely to go to 950 to 960 for an IT low




short 5 @ 1021.75

Tight stop on this one, looking for 3 or 4 points
 
Is there a way to calculate the stop value on ES depending upon the volatility index. 2 points used to be a good stop value for ES, but recently it is getting hit within couple of minutes of the trade.

I generally trade 5min, 10min charts.

Thanks for any reply.
 
You may use ATR function, or just cut your leverage in half and double your stop size or something like that.

Quote from millionaire7:

Is there a way to calculate the stop value on ES depending upon the volatility index. 2 points used to be a good stop value for ES, but recently it is getting hit within couple of minutes of the trade.

I generally trade 5min, 10min charts.

Thanks for any reply.
 
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