ES Journal Archive (2011)

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Quote from volente_00:

My sweet spot was 80 to 90


Had I set my hard entry at 90 I would have missed this entire move.

I like to think that I have decent top and bottom picking skills but i've had far to many entries just miss getting filled trying to be a perfectionist. To me a missed trade is worse than a losing trade.

Regardless of my entry my stop is not dictated on my fill price on a trade like this.
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I can relate to that very clearly. Scaling in is a must to prevent misses.
 
Been taking way more trades than I prefer today, mostly scalping and getting stopped on small profits/losses, but still ahead for the day.

I now see a triangle setting up on the 5-minute on all three indices.

Prepared to getting in on a breakout either way.

Target below now would be the previous day low.

First stop above may be 72,50, which is the 50%. Next is unchange around 75.

I`m kind of favouring a short at this point due to the heavy selling earlier in the day. But then again, it is a t-day after all :)
 
Quote from SrRuthenate:

Wish you the best ammo / Volente. I'm going to stay in the uncomfortable minority. Call me stubborn. Try to watch LF for a while, he's got the REW/risk the right way. Volente's analysis is great, maybe that makes up for the -EV % of averaging in, but I doubt it...Bye guys, I'm going to leave before you convince me the earth is flat. Should've left before, but I have addictive traits. Sorry for stepping in your bunions.:p
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not trying to get you to adopt averaging,just explaining a few reasons why and asking you to stop bashing a style you have limited knowledge of,the aim is finding better ways to read the market,learn to trade that, and put that into your big picture/acct,i'm open to all methods of learning ,i am mathematically challenged so that leaves out quantitative,waves,programming and a lot of other styles that are beyond my imagination let alone grasp
 
Quote from Laissez Faire:

Sold 1162. Stop @ 64,50. Hoping it was not a trap.
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Not any follow through there. 60 serves as support and although I think it will ultimately break, I`m trailing my stop to 1163 for now.

Patience is a useful trait when trading the ES. Not always easy to be :)
 
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