ES Journal Archive (2011)

Status
Not open for further replies.
Quote from JoshDance:

That's a good way to blow an account. Even if it works this time, one time it won't, and that's all it will take. But enough preaching, do your thing.
More...

Thanks for feedback, but...
Actually on the contrary, this might not work this time, but longer term, I am convinced this is the right approach to trade. You know why:
1. This is not a run-away short move, ES backfills a lot, yes if I get hit with a European sovereign downgrade, then it will become a run-away move.
2. There has been plenty of support around 1210 from yday.
3. Right now I am aiming for a 6-8 point target on my trades, so giving the trade 6+ points stop is reasonable.

PS. I completely agree with your viewpoint, if I am trying to go for 1-2 points target though.
 
gmst, we are pausing and going lower, watch bonds, watch eurusd, divergent lots of bs and whipsaws and general expo bs.

1213 only has resonance for so long. all imho which is why i have a timed exit here and tight arse stop, not pressing my luck.
 
Quote from gmst:

Thanks for feedback, but...
Actually on the contrary, this might not work this time, but longer term, I am convinced this is the right approach to trade.
More...

So where is your stop now?
 
Status
Not open for further replies.
Back
Top