ES Journal Archive (2009 - 2010)

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Quote from Trvlwanderer:

emg, do you ever get filled on these?

If you have any conviction, why not short to 70% of the target?

I know you will likely NOT answer, but what is the sense of positng a target 10 points away in a chop fest?

No offense meant.
pagenumber=15314 es journal
 
Quote from Decel:

I actually like these faraway targets. Gives me a sense of what other people's current biases are in terms of market direction.

I agree...in a sense. With trending markets they can reveal a great many things. But in a range bound chop(ish) market? Not as much.

I also know that if I see an entry point 10 plus points away from the current position, it should show probability that price will get there. If true (as it should be), why not target 70% of that move with a long or short respectively?
 
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