ES Journal Archive (2009 - 2010)

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Quote from mynd66:

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one point stop is within the NOISE zone in ES trading

look at the bar ATR and set stops at least 1.5 times that amount

STAY SHORT --- SPX below 900 by Friday
 
Quote from mTrader09:

one point stop is within the NOISE zone in ES trading

look at the bar ATR and set stops at least 1.5 times that amount

STAY SHORT --- SPX below 900 by Friday
More...

thanks for the insight. I'm trying to trade on a more shorter term basis though. But you def got a point with stops. I do need to allow more room for noise.

Not for nothing but I have recently been doing pretty good. As u can see I'm no superstar but does anyone notice that ES loves to violate sup and res lines? I try to enter a position that I know will violate.

I am long at 937.5 its right at res and I feel strongly that its going to violate it and shoot up a couple points. anyone with me?
 
Quote from mTrader09:

one point stop is within the NOISE zone in ES trading

look at the bar ATR and set stops at least 1.5 times that amount

STAY SHORT --- SPX below 900 by Friday
More...

It is possible to do trades with your stop measured in ticks. Your R/R also proportionately increases. When you are not pushing the bounds of liquidity R/R & expectancy is what matters.
 
It appears to me that we are moving higher now. I will begin to buy in a while if we have not moved further down. Target will be previous HOD to 53
 
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