ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
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Covered at 11,50.
EDIT: Took my dinner in front of the computer instead.
Euro slid below 1.3500 and nothing happened, so that was my cue to exit. Planned on taking it off at 10, but I was too slow on that spike.
EDIT: Took my dinner in front of the computer instead.
Euro slid below 1.3500 and nothing happened, so that was my cue to exit. Planned on taking it off at 10, but I was too slow on that spike.
As a lesson, see how a limit in advance at the AH low would have been a superb exit on my trade.
This is not just some after the fact bullshit, because I did it one some other trades earlier this week.
These levels are very predictable bounce points and almost gets respect, unless we are in crash mode.
Limits in advance at these levels and then getting back in in the original direction, IF they break, is the way to go unless you`re really interested in swinging a trade and taking a lot of heat against you.
I regret not doing that on this trade, but I was not actively managing it and was quite confident on a drop, so that`s my excuse.
This is not just some after the fact bullshit, because I did it one some other trades earlier this week.
These levels are very predictable bounce points and almost gets respect, unless we are in crash mode.
Limits in advance at these levels and then getting back in in the original direction, IF they break, is the way to go unless you`re really interested in swinging a trade and taking a lot of heat against you.
I regret not doing that on this trade, but I was not actively managing it and was quite confident on a drop, so that`s my excuse.
Quote from Laissez Faire:
As a lesson, see how a limit in advance at the AH low would have been a superb exit on my trade.
This is not just some after the fact bullshit, because I did it one some other trades earlier this week.
These levels are very predictable bounce points and almost gets respect, unless we are in crash mode.
Limits in advance at these levels and then getting back in in the original direction, IF they break, is the way to go unless you`re really interested in swinging a trade and taking a lot of heat against you.
I regret not doing that on this trade, but I was not actively managing it and was quite confident on a drop, so that`s my excuse.
This goes along with the "consistent singles and doubles" mentality, which I am a huge fan of! <---- get it guys, I think that was one of my better puns. Get ready, there's more where that came from!
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