ES Journal Archive (2011)

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Quote from Laissez Faire:

New highs out of the flag. Flags usually mean pausing before continuation in a trend.

Filled long @ 1207,50 the R/R should be acceptable up to 1210 for a scalp.

Could easily see 1215 or even a gap fill by end of day. If that is a possibility, one could enter even higher.

Hard to tell though.

R1 = 1210.

Fair points, but just a word of caution - Mr. BB is going to speak, he is an unknown variable.
 
Quote from gmst:

Fair points, but just a word of caution - Mr. BB is going to speak, he is an unknown variable.

I agree.

My trading plan forbids me from executing into such events, so I`m flat.

Everything is screaming long though.
 
Quote from JoshDance:

Yes using IRT -- yes I totally missed it, and not one single 1 minute bar low was broken until 1206 area, so no opportunities for re-entry. Pretty much it was get on or be left. One of my biggest weaknesses is re-entry on missed trades. I had the sinking feeling in my gut as it popped from 96.75 that the train had left, and it was now or never, but I am not yet skilled at just clicking the buy button when it would benefit me to do so.

consider using a buystop that way momentum stops you into to the mkt if it continues lower then you are not in the trade, I have only seen one guy use it or at least mention it and he is long gone.
 
Quote from Laissez Faire:

Are you satisifed with Investor R/T? My license on NT is running out soon and I have been considering switching to Investor R/T.

Can you trade from the charts or do you enter from the DOM?
This is magnificent opportunity to change platforms and trading environment: You have increased size recently to 4 times previous size, and you want to maximize the opportunities for execution errors that will always work in your favor. Besides the new platform will allow you to go to 8 contracts.:p
 
Quote from Laissez Faire:

If RSI says so...:p

Could be one of those days they shove it up our a$$ all day then sell it off @ the end..

i'm getting a sneaking suspicion

i'm bailing my shorts at next opportunity to get out @ reasonable price point
 
Quote from macho grande:

this is so way overbought your clueless brother in law could make $ shorting this? :D

i hope

just when you think it is safe to go in we are now getting consecutive green bars on 60 min. oh, and this time around bonds are not selling off. seems fishy to me but then again what do I know given my performance the last few weeks.
 
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