ES Journal Archive (2011)

[Picaso]

Quote from JoshDance:

I'm not convinced yet this will be a solid down trend day ... market stats indicate this as you show P, but break down is not really solid... bears have not exactly run away with it yet IMO.

You may be right.

Just stating what I see.

 

[ammo]

Quote from ammo:

add 74.75, avg 68+

cover 1/2 36.5

 

[gmst]

long 37.25, stop 35.25, target 39.25

 

[Picaso]

There will of course be bounces, but...

 

[gmst]

Quote from Picaso:

You may be right.

Just stating what I see.

yes it is definitely a risk off day, however most of the markets have already covered their ATR during european session today. So a strong trend down (at least before 3 pm) is a smaller possibility , imo.

 

[gmst]

Quote from gmst:

long 37.25, stop 35.25, target 39.25

out 39.5

 

[Picaso]

Quote from gmst:

yes it is definitely a risk off day, however most of the markets have already covered their ATR during european session today. So a strong trend down (at least before 3 pm) is a smaller possibility , imo.

Actually, that's a very good point, thank you

 

[gmst]

Quote from Picaso:

Actually, that's a very good point, thank you

i learnt a few tricks from you....happy that you found value in something that i had to offer

 

[gmst]

long 43.5, stop 40, target unknown

 

[bigsnack]

Quote from Visaria:

You're too kind, josh, but my trading over the last few weeks is less than awesome.

Good advice re the profit taking, I really need to work on this, take the fooking money, eh!!

Indeed! I think I would ask my wife to open hand slap me in the face if I left a 20 point profit on the ES disappear

Seriously though, Volente00 had great ideas regarding the ES liking to move in 10 point "waves". Oftentimes he would nail areas to the tick, and a lot of it was based on his 10 point theory / research. the take at 20, stop at 10 idea is a really good one!