ES Journal Archive (2006 - 2008)

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Quote from Anna K.:

Saliva, great trade, but if you are saying that the trend line or channel is broken we could possibly be starting a new downtrend, why did you close all of the position, not partly? thanks.
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Most likely because he let the choppy lunch time period mess with his bias.
:D

That was clearly a holder with at least 1st target of LOD imo.
 
Quote from Mins:

Personally i thought your last short was with the trend not against it.

You just picked a low risk entry point.
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Certainly that would be the case if you were looking beyond previous 2 hours. This was the chart that raised so much stinker. :D

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Quote from Anna K.:

Saliva, great trade, but if you are saying that the trend line or channel is broken we could possibly be starting a new downtrend, why did you close all of the position, not partly? thanks.
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I entered short at the upper trendline (UTL). I covered half at LTL. Then I covered the rest at the lower channel. Why not ride it all the way down to LOD (856-ish) as I stated above? Because of the damn anemic volume!
 
Quote from saliva:

Certainly that would be the case if you were looking beyond previous 2 hours. This was the chart that raised so much stinker. :D

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Oh rite i get ya - my belief will always be there are many ways to make money in this market.

Trend following, counter trending and mean reversion all work.

I personally can't say which is the best method having tried all the above.

I think the best advice like we have heard many times is to pick a style which suits our personality or just be flexible in your approach which allows you to pick of counter trends and really catch some of the big trends.


Happy holidays and good trading to all.
 
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