I'm bullish, just unsure if we run from 62.5 off the IHS or if they blow stops on a fake out and then run it from 58-60 ES
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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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I'm bullish, just unsure if we run from 62.5 off the IHS or if they blow stops on a fake out and then run it from 58-60 ES
Quote from David M:
So you basically had a long parked at 61.25, where my long was originally parked at 60.50 which dident get hit, guess my S&R zones are a bit off.
Gz on the great fill I got filled 1.25 points later!
FWIW I watch the spread between s&r and if sufficient I am on for a trade.
If the trade penetrates the opposite zone then that is a bonus but all my reasoning is based upon bouncing within the bands.
Entry is mostly a pre-loaded OCO bracket so if anything goes wrong with my comms then I am relaxed.
All being well once filled I drag my OCOs around the DOM to suit.
Days like today etc I wind up with a lot of 5-9 tic trades .... amazing how they add up over the course of the day.
I always know (to the nearest tic ) how far under/over RTH OPEN I am.
Right now we have powerful RTH Open because it has been tested during the course of the day
Quote from jorgez:
FWIW I watch the spread between s&r and if sufficient I am on for a trade.
If the trade penetrates the opposite zone then that is a bonus but all my reasoning is based upon bouncing within the bands.
Entry is mostly a pre-loaded OCO bracket so if anything goes wrong with my comms then I am relaxed.
All being well once filled I drag my OCOs around the DOM to suit.
Days like today etc I wind up with a lot of 5-9 tic trades .... amazing how they add up over the course of the day.
I always know (to the nearest tic ) how far under/over RTH OPEN I am.
Right now we have powerful RTH Open because it has been tested during the course of the day
Si.
Quote from jorgez:
FWIW I watch the spread between s&r and if sufficient I am on for a trade.
If the trade penetrates the opposite zone then that is a bonus but all my reasoning is based upon bouncing within the bands.
Entry is mostly a pre-loaded OCO bracket so if anything goes wrong with my comms then I am relaxed.
All being well once filled I drag my OCOs around the DOM to suit.
Days like today etc I wind up with a lot of 5-9 tic trades .... amazing how they add up over the course of the day.
I always know (to the nearest tic ) how far under/over RTH OPEN I am.
Right now we have powerful RTH Open because it has been tested during the course of the day
Jorgez, thanks for taking the time explaining your trading setup, may I ask in which way u plot your S&R bands? or perhaps u could provide a nice example of ur chart.
In this moment we have the RTH OPEN acting as resistance plus we have 2 more levels at 64.75 and 64.50.
These three are putting a powerful cap upon the price but increased volume could easily blow through them this afternoon.
I have no idea whether this is going to break north or south, I purposely keep my head in neutral.
But I do know what I will do when the price strays near s&r zones ... in other words will I flatten one of the brackets or let it detonate.
These three are putting a powerful cap upon the price but increased volume could easily blow through them this afternoon.
I have no idea whether this is going to break north or south, I purposely keep my head in neutral.
But I do know what I will do when the price strays near s&r zones ... in other words will I flatten one of the brackets or let it detonate.
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