ES Journal Archive (2011)

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Quote from Visaria:

I hear you, but Josh, because my stops are relatively large, i feel i have no choice but to try for large targets. If it goes over 60, then maybe i'll pull stop up to b/e. I don't want to be stopped out and then find it shoots back to 70.
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Good point yes -- just that you are +20, and you're willing to risk losing -10 to gain +10. So you are giving it a +10 reward potential and willing to risk -30 to get that +10... at any rate you've done a great job on this trade so I'm not trying to talk you into anything, just want to see you happy my friend :)
 
Quote from JoshDance:

Good point yes -- just that you are +20, and you're willing to risk losing -10 to gain +10. So you are giving it a +10 reward potential and willing to risk -30 to get that +10... at any rate you've done a great job on this trade so I'm not trying to talk you into anything, just want to see you happy my friend :)
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In at average 1241, 20 points would mean 1261, which it hasn't reached.
 
Although I`m watchful for a top here, I still view this as potential consolidation at this point. Am I correct?

Still climbing a trend line and TICK is very positive for the day?

I don`t see any short entries yet, unless one already executed at the highs and is holding a stop at breakeven.

Am I correct?
 
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