ES Journal Archive (2009 - 2010)

[adadadog]

We got good eco numbers; but up move is sluggish. We may have a side way Friday.

 

[startraitor]

At the end of the day would not be surprised to see a battle around September's cash close of 1,057.08. If strong breakout price action does not develop will fade moves back to that area on the short side.

 

[Lawrence Chan]

Undecided yet.

What a fight.

 

[wave]

they are feeding on the breakout players this morning

 

[wave]

the mean-reversion traders are making a killing though

 

[xty]

Quote from wave:

the mean-reversion traders are making a killing though

and some index arbs. player are being killed

 

[JSSPMK]

@Wave

TY for making an imprint on my brain, priceless

BREAKOUT

 

[wave]

Quote from JSSPMK:

@Wave

TY for making an imprint on my brain, priceless

BREAKOUT

Buy1Sell2 gave you most of what you need for breakouts. Breakouts are what make up most of the top 10 trading systems. You just have to play the runners properly given the number of false starts. If you figured out what causes a breakout, you are well on your way to becoming a great trader.

 

[wave]

even if you just take the little pop off the breakouts and just increase size you will do well. As you get into more size slippage will be a factor.

 

[wave]

Now what is your formula for the breakout loss? Technical or percent of capital? Play with those to see what it should be.