ES Journal Archive (2011)

[ammo]

trying to crack neckline in mini hns eur...edit 3502 now 3507

 

[gmst]

Quote from Laissez Faire:

Jesus. Why not drop already, huh?

I think I`ll remove the risk from the trade now and place my stop at 1215.

Yesterday`s low should get tagged. It`s just taking some time.

Excellent Trade, LF - You are like a Marine Snipper. No No not a snipper. You are like a bunker burster bomb! Doesn't work always because there might not be anything in that cave/mountain where you dropped the bomb, but O'Boy, when you drop it on a real bunker, takes care of a bunch of Talibs in one go

LOL

 

[Picaso]

Quote from Laissez Faire:

AH low here.

Don`t think it`ll hold. Am I wrong? I may be.

 

[Laissez Faire]

Quote from Laissez Faire:

Placed a bet here.

Short @ 15,50. Stop @ 18,50. 1st target 06,50.

Come get me or pay me my money down.

Stop @ 14,50.

Adjusted target for now is 1207.

If I were nimble, I could have taken profits at the AH low, which is a predictable bounce zone.

Now that I missed that, I`m going to stick with my target, while taking out the risk of the trade.

If only euro could break, this should get really fun. We may get a lot more than 1206,50, but since I will not be here, I will not push it.

 

[bigsnack]

Target below us methinks, we'll see if we get there...

 

[Picaso]

Quote from bigsnack:

Target below us methinks, we'll see if we get there...

The dashed green line at 1207.50?

If so, isn't it too close to yesterday's LOD not to test it? Or just playing it safe?

 

[BSAM]

Strong hammer on YM, 5 minute.
We'll see.

 

[bigsnack]

Quote from Picaso:

The dashed green line at 1207.50?

If so, isn't it too close to yesterday's LOD not to test it? Or just playing it safe?

Yeah, my targets typically get overshot, but it's a safety type thing. I'm better at taking set profit targets instead of trailing and getting out when flow changes.

 

[gmst]

Quote from bigsnack:

Yeah, my targets typically get overshot, but it's a safety type thing. I'm better at taking set profit targets instead of trailing and getting out when flow changes.

Based on my testing in forex, it is indeed a very smart thing to do. I bet you must be profitable at least 8 months out of 12, if you have been doing it for long.

 

[ammo]

if the eur holds,don't have a clue nor a feel here