Notice the perfect R10 from 1311,25 to 1321,25. Random? I think not. I should not have underestimated the bulls and looked higher than the previous swing high for a target 
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
Quote from Laissez Faire:
Notice the perfect R10 from 1311,25 to 1321,25. Random? I think not. I should not have underestimated the bulls and looked higher than the previous swing high for a target
nonsense that is just coincidence
No one ever went broke taking a profit
Quote from Laissez Faire:
NOW, I`m leaving
Quote from Laissez Faire:
Notice the perfect R10 from 1311,25 to 1321,25. Random? I think not. I should not have underestimated the bulls and looked higher than the previous swing high for a target
Who let him back in here?
LF, since there was a nice support floor at a slightly higher low off a slightly higher high, your minimum upside target is previous support becoming resistance, so 1319.25 was a technical target.
On the other hand, 1318.00 was nothing to sneeze at
It is amazing how much it went up considering there really is not a shortage of oil.
I do go long oil too but sometimes when I get up or look at the chart, it makes a confirmed double top, and that can be traded for 10 - 25 ticks or more.
I guess I was counter trading today a little since I was going long ES and short CL, but it just made sense when I put on the trades.
What's funny is one of my sim trades on ES got stopped out at the exact low before the market went back up, like they knew I would be putting my stop there.
ES really seems like poker or chess where they will try to bluff u you out of a profit.
I do go long oil too but sometimes when I get up or look at the chart, it makes a confirmed double top, and that can be traded for 10 - 25 ticks or more.
I guess I was counter trading today a little since I was going long ES and short CL, but it just made sense when I put on the trades.
What's funny is one of my sim trades on ES got stopped out at the exact low before the market went back up, like they knew I would be putting my stop there.
ES really seems like poker or chess where they will try to bluff u you out of a profit.
Quote from NoDoji:
For all the heck I give ICFed and Airwaves about only going long ES with no stops, I'm going out on a limb here with you, OW:
Do not short the CL.
Only buy the CL.
Just buy it and set a target 3 points higher.
No stops.
Just buy it.
It's designed to only go up
long 1308
BGT 130850......STP ...skinny
NiN
NiN
- Status