ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Not certain why 6 ir greater than 5 and I didn't check your math here, but don't forget about the rest of the portfolio. The idea is not blow out the trader. The trading account is a fluid number. Money is transferred in and out of the account to keep it at 20 percent of TLNW. TLNW will never blow up. That is the key. That IS the trader.
stop was a typo, but for journal integrity purposes it stands. I have the typing and spelling skills of a 1st grader, sorry!
27 and 36 are targeted for upmove here. 36 may be a tough nut.
27 and 36 are targeted for upmove here. 36 may be a tough nut.
Darn, another 1.5 pts on your stop and you would have made it through 27.
On the large time frame I'm seeing a consolidation wedge... usually a continuation pattern. I was hoping to see the market get above 1100 to position short for a move below the lows but its questionable we'll get there.
I'll be getting short near the top of the descending trendline of the consolidation wedge with a small stop. If it goes higher, then great, I'll be able to try again with a better basis. Either way we'll be making new lows.
I'll be getting short near the top of the descending trendline of the consolidation wedge with a small stop. If it goes higher, then great, I'll be able to try again with a better basis. Either way we'll be making new lows.
The inability to fill the gap yesterday to the upside + close below 60 = daily level continuation.
Most intraday divergence rallies will stop short at the lowest target.
Unluckily, we are hearing government (Japan) intervention again.
Most intraday divergence rallies will stop short at the lowest target.
Unluckily, we are hearing government (Japan) intervention again.
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