ES Journal Archive (2011)

[ammo]

thanks for the thrust explanation

 

[JoshDance]

Quote from ammo:

thanks for the thrust explanation

It's a Wyckoff term--

We are talking about thrusting, and nips, and cleavage... man, what kind of thread is this??

 

[JoshDance]

Buy limit at 1207.50, 1 point stop, target 1211 and 1216

 

[ammo]

Quote from JoshDance:

It's a Wyckoff term--

We are talking about thrusting, and nips, and cleavage... man, what kind of thread is this??

you mentioned earlier on prev chart without explanation,2nd chart it was clear.....boobs video...http://www.evtv1.com/player.aspx?itemnum=1422

 

[JoshDance]

Quote from JoshDance:

Buy limit at 1207.50, 1 point stop, target 1211 and 1216

cancel order -- train has left the station and if it comes back to 07.50, IMO it's not a train I want to be long on, at least from what I see at the moment.

 

[JoshDance]

Quote from JoshDance:

cancel order -- train has left the station and if it comes back to 07.50, IMO it's not a train I want to be long on, at least from what I see at the moment.

For those of you who are good at re-entering when you don't get in early, or after you take a profit, can you give me some advice on how to do this more effectively? I thought that the consolidation from 12:30 to 1:00 ET might test down before going up, but I feared that it wouldn't and considered getting in during that consolidation. I've seen some of you do this before, any psychological advice?

 

[JoshDance]

Could be the right shoulder of a nice H&S forming. edit: I don't really look for these "patterns" much but it's a possibility and other traders may see it.

http://screencast.com/t/XX6kIkYmB

 

[Picaso]

Quote from JoshDance:

For those of you who are good at re-entering when you don't get in early, or after you take a profit, can you give me some advice on how to do this more effectively? I thought that the consolidation from 12:30 to 1:00 ET might test down before going up, but I feared that it wouldn't and considered getting in during that consolidation. I've seen some of you do this before, any psychological advice?

Easier said than done, of course.

Edit: although you should probably ask Laissez Faire (IMHO the #1 expert on re-entering trades - now that the Queen of Price Action has forsaken us )

 

[Picaso]

Also, on a pullback in TICK to the trendline, once it starts bending upwards or on a extreme reading. We had a similar setup a couple of minutes ago.

Again, very easy to see in hindsight

 

[Picaso]

And the last piece of the puzzle (ok, apart from the Market Profile), IMHO