Scratched for plus 1 tick.
+4 ticks for the day... very choppy and a lot of scratches on my end, just not confident today.
Got out because of deep pullback.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Scratched for plus 1 tick.
+4 ticks for the day... very choppy and a lot of scratches on my end, just not confident today.
Got out because of deep pullback.
Trying one more time
Long 1317.75
Stop 1316
Target Highs
Took it at 1319.25 PHEW.
What does that really mean?
I've noticed that you don't seem to have specific targets. Or is it just that you don't write them here?
IMO, you should always plan your target in advance, not just your stop. If not, you may simply be hoping that price moves in your favour since you're not having a clear idea of where it's going.
When I say highs or lows, it basically means, when the market gets around the high or low, I will re-evaluate and see if it has enough power to break highs, or reverse.
In this case, I felt that the market was weak as the leg up was pretty large.
So although there is no specific price I get, it is in my plan to manage the trade to see if I could save or gain an extra tick every time
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