ES Journal Archive (2011)

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Quote from 000000003:

Some days are great to countertrend trade, this isn't one of those days. The trend is your friend today. They'll grind the shorts to bits today.

Normally if there's a clear trend you want to enter in its direction.

When the trend is not clear, you want to fade it on a short timeframe, looking for chop and backfill.

Trying to pick true reversals... well, good luck with that.

All of this easier said than done, of course :D
 
Quote from mastacoli71:

i have another 4 offered at hod...any takers

Maybe the guy from yesterday who fought the trend whose average is 29 and underwater since he opened the trade will decide to bail and buy from you.
 
Quote from JoshDance:

Maybe the guy from yesterday who fought the trend whose average is 29 and underwater since he opened the trade will decide to bail and buy from you.

Perfect contrarian indicator...now i am convinced
 
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