A break of 995 area will confirm spike and ledge top.
But 995 is magical ... huge fight to take it down.
But 995 is magical ... huge fight to take it down.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Quote from Lawrence Chan:
Stop should be a function of volatility, not a fixed one. =P
Current 15-min RTH average range stands at 2.6 pts.
And in case anyone ask about the total risk, you then adjust your size to match the total risk of your risk capital.
p.s. w. upthrust again, against open and R1 - bearish formation.
Actually the stop size should be based on your style of trading and profit target.
I keep mine constant out of simplicity because it does not matter if we are having 40 point ranges or 6 intraday as long as I can get in within 3 points of a turning point.
Agreed, there's massive buying going on right now.
Looks like this channel is going to hold and we're going to get a ramp-up pretty soon.
Yep, I was looking at 1015 as a first target myself.
In your case you are controlling the stop size to match your precise entries, of course that works!
2 tick range in 20 minutes. YAWN !
Same drill - above 1000 and act as support go long, below 995 and act as resistance go short.
Chit chat and doing other stuff while waiting. =)
Smells of distribution to me.
982
I thought they are nice people and will take it down to slight below 990 and call that a day. :eek:
"Nice people" ? No.
One of them must be a sith lord.
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