38 to 48 sell zone ...
Edit: Why? 38 is 100 pts from low. 48 is where the break down started
Edit: Why? 38 is 100 pts from low. 48 is where the break down started
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
10:30 crew says reversal to fill the gap.
Well deserved loss if there ever is such a thing. Looks like a push to 40-42 would yield better shorts.
USD/JPY daily looks very bullish ... can add fuel to ES to go a bit higher.
Quote from Buy1Sell2:
Yes, I am demonstrating that when one sells in an oversold market, one must have a wide stop in order to give themselves a chance to be profitable at some point. Otherwise, the trader will be stopped out many times and eventually end up with more losses and commissions than the original wide stop would create. The other option would be to wait for a new sell signal where the stop could be placed much closer.
Thank you for demonstrating how not to trade. One might as well have a 600 point stop due to the fact you said the S&P would probably be going down to 200.
DMartin
What is your target ?
Saw you post about river's. I did not know you were in chitown.
It's B1S2's thread. He seems to be really saying he is bullish short term (swing, not day) and bearish longer term swing after Christmas etc... I could be wrong but again it's his thread...
Good trading all... I'm flat as of 835ish double tops on 15 min. Just watching the pros and fools now.
long 32, adding 28 target 42+ stop 24.
shorting in 830s
- Status