Thanks, Plunger and Hawk. I own some energy, so that is good to know. But what about the midstream ETF AMJ? I like to watch that because I own some LINE.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Wiz, thanks. I got it. My bias is the all day trade. I can't afford to miss the entry if it is right. And if it was wrong I want the hell out now.
Sorry, annual. Not as ambitious as your 80 ES ticks a week.
well I had never heard of that one to be honest, but I think you'll get more out of watching oih for guidance because it is speculative, though highly liquid and active as well. the midstream as well as the integrated are holding up much better overall. However, if oih doesn't start rallying soon, the whole market could be in trouble IMO (not a ticker symbol)
Thanks. Midstream is not down as bad as services. So that canary is just lightheaded.
The ES is trapping itself into a nice short. If price on the 30m bar doesn't close below 1075 before it reverts back to 1087.50 there will be a sell short at 1087.50, cover at 1075 with a stop at 1097.50.
will update as final confirmation occurs (if I can, its sunny out, being drawn outdoors as I type)
will update as final confirmation occurs (if I can, its sunny out, being drawn outdoors as I type)
Petty, clearly I am missing something. For the long term the picture is bearish, but I would think that the weak lower low on the daily is short term bullish. But what do I know? I don't trade ES.
Also, was your 10 point stop a typo? That is a breathtaking stop. Ten point risk for twelve point reward? Teach an old fool.
Also, was your 10 point stop a typo? That is a breathtaking stop. Ten point risk for twelve point reward? Teach an old fool.
No it is not a typo and stops are all part of the plan and never arbitrary. I have used 30 point stops but its all relative to range and the trade at hand.
The trade I dropped in here is a really reliable signal. It is 1 of many signals today.
I have enjoyed your input today Arthur!
Thanks. I am always open to learning new trading styles. Five-to-one reward to risk keeps me from having heart failure when I trade. Death (and risk of ruin) must still be optional for you.
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