I should have sticked to my long from 32 
Back in long @ 38,50. Stop @ 35,50. Last shot today.
Targeting yesterday`s high.
Back in long @ 38,50. Stop @ 35,50. Last shot today.
Targeting yesterday`s high.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
Still in play and even higher probability since gap closed below
DEMDTDAYBOYZR$
DEMTDAYBOYZ want to meet us at the bar for mojitos
you in ?
Not as much as I used to, but it`s on my screens. I`m still undecided on it`s value.
Do you use it?
short 1138.25
3 point stop
3 point stop
I find it extremely useful. IMO there are relatively clear lines in the sand on the TICK that help with a directional bias for the trading day. For instance, I won't touch shorts if the TICK is closing above +600, and I won't touch longs if the TICK is closing below -600.
Similarly, the lows of pullbacks usually coincide with tests of +600 / -600. If anything, I try to make sure that I am always buying a low TICK (i.e. when the TICK is "hooking" downward) or selling a high TICK (i.e. when the TICK is "hooking" upward). This helps me get really strong entry prices, and allows me to get out with little to no pain when I am wrong on my trade direction. My .02 of course, but check it out and see if those recommendations help any.
EDIT: To clarify, I look at the TICK on a 1 minute bar chart.
out here : +5
- Status