ES Journal Archive (2011)

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Quote from Lawrence Chan:

vol,

Surrender here or until stop out?

p.s. 29-30 acted as support, sending ES to this 34-36 zone. A break below 34 will send it back down there quickly.



i'm in a r10 short from 36



stop is 39



stop on smaller swing was 37, avg is ~31


Moving my stop on all positions to 40



130 - 134 range for spy til oe




Target is 30 for everything


No guts


No glory
 
Quote from volente_00:

i'm in a r10 short from 36



stop is 39



stop on smaller swing was 37, avg is ~31


Moving my stop on all positions to 40



130 - 134 range for spy til oe




Target is 30 for everything


No guts


No glory

I would say your breaking all the rules. One your trading against the tide. Two your averaging into a losing position against the prevailing tide. Three your moving your stop.
 
Quote from volente_00:

i'm in a r10 short from 36



stop is 39



stop on smaller swing was 37, avg is ~31


Moving my stop on all positions to 40



130 - 134 range for spy til oe




Target is 30 for everything


No guts


No glory

To anyone interested in trading for a living, this is a text book example of what not to do.

Swim with the tide or stay out of the water. Yes it is that simple. This trader is saying....I'm right the market is wrong.
 
Quote from Rickshaw Man:

To anyone interested in trading for a living, this is a text book example of what not to do.

Swim with the tide or stay out of the water. Yes it is that simple. This trader is saying....I'm right the market is wrong.


So you like buying with 7 point gaps underneath ?



How bout we put you on the other side then




You are long at 36


Your stop is 32


Your target is 42




:)
 
Quote from volente_00:

How bout we put you on the other side then




You are long at 36


Your stop is 32


Your target is 42




:)

Friend I only take long signals in a rising market, my trading model generated a buy signal @ 2:30 this morning price entered was at 1329.50.
 

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