ES Journal Archive (2011)

[gmst]

re-entered long at 68, target 74.5, stop 62.5....this time will try hard not to close the trade on slightest pullback....price is showing sufficient support...i am 80% positive we are going higher.

 

[ammo]

Quote from gmst:

Agreed, old habits die hard. But on a positive note, the improvement that i have done is that I have cut down the number of trades per day to between 0 and 2, earlier used to do like 20 scalps (entries and exits). so at least being very selective.

Today made some money trading euro, so taking a high probability chance with that coin. Probably not the best logic, I know!

if you give it back,it's like buying that lamp in the christmas story,the ladies leg in a nylon with a shade on top,something you will never use,but can't return

 

[JoshDance]

You're welcome my friend -- it may be useless info to some, others may find it useful, but it's basically what I look for. I studied the principles of Wyckoff (minus all the smart money acc/dist cycles etc.) and after just watching the market for a while, this is what resonated with me. You do very well so probably won't find much value in it, but perhaps for some it may give them some ideas to formulate their own ideas from.

 

[Laissez Faire]

Short @ 1169. Stop and reverse at 1170. 3 point stop on the long if triggered.

Quick exit on the long if wrong.

 

[JoshDance]

Quote from Laissez Faire:

Short @ 1169. Stop and reverse at 1170. 3 point stop on the long if triggered.

Quick exit on the long if wrong.

Looks like you should get something from this. A second attempt, with not much effort, some shorts should get interested, I would expect. But if it breaks up, beware of support turned resistance around 10am right at 1170

 

[Laissez Faire]

Quote from Laissez Faire:

Short @ 1169. Stop and reverse at 1170. 3 point stop on the long if triggered.

Quick exit on the long if wrong.

Stop @ 69,75.

No stop and reverse. May enter long, but will use discretion as my recent experience with stop orders on entry is rather bad.

 

[gmst]

Quote from ammo:

if you give it back,it's like buying that lamp in the christmas story,the ladies leg in a nylon with a shade on top,something you will never use,but can't return

Thanks for the tip. Appreciated. but i wont give it all back today, even if i lose this one.

Did we just run into a triple top, or we are going to break it convincingly on 4th try ?

 

[JoshDance]

Quote from bigsnack:

Well played!

Thanks I'll take it on the road! What would we be then B, "long winded"?

 

[bigsnack]

I'm thinking a flush downward and then a climb into the close.

 

[bigsnack]

Quote from JoshDance:

Thanks I'll take it on the road! What would we be then B, "long winded"?

LOL, exactly