ES Journal Archive (2011)

JoshDance · Dec 21, 2011

Quote from JoshDance:

short 28.25 stop 29

out BE

took a break from computer and came back just as it was bottoming, and should have taken it off when I saw volume. Oh well, worth a try.

Trvlwanderer · Dec 21, 2011

bouncing above 50 on the daily......long signals gathering speed.

satchel · Dec 21, 2011

who cares about Italian banks, it's bearish, no it's bullish, no it's chop-em-up-mac-chop-your-account day!

macho grande · Dec 21, 2011

Quote from JoshDance:

out BE

took a break from computer and came back just as it was bottoming, and should have taken it off when I saw volume. Oh well, worth a try.

how in the hell did you not take the 2 quick points?? i don't get, 2 points ain't worth your time, they fell in your oft clueless lap

JoshDance · Dec 21, 2011

double bottomed at the IB low, gotta go with bullish now.. should have gone just now if it was going to go down. Lots of market buying. Being absorbed yes, but bears had enough chances, not sure they will get another here.

macho grande · Dec 21, 2011

your like LF lite with your clueless but prolific BS. please keep posting your ijnsight

JoshDance · Dec 21, 2011

Quote from JoshDance:

double bottomed at the IB low, gotta go with bullish now.. should have gone just now if it was going to go down. Lots of market buying. Being absorbed yes, but bears had enough chances, not sure they will get another here.

Well there goes that theory, at least timing-wise... may still be bullish but not like I expected.

macho grande · Dec 21, 2011

Exhaustion bar fullfilled..out all shorts, flip 25.75

ammo · Dec 21, 2011

Quote from JoshDance:

What I meant is that your stop, to survive in this case, would need to be higher than 50 -- you would have needed to risk MORE than 16 points in all likelihood, to stay in. You look in hindsight and see that you only needed to risk 16, but what if it had gone to 1260 last night, or 1270...? Would you still be sorry about getting out at 40? That's the challenge with the whole methodology, namely, when do you say "I'm wrong, I'm out"? You're a great trader, no doubt better than I am, and no one here is trying to be a guru I think, it just struck me as odd that you commented what you did.

you trade it in parcels, so in the mind of a swing trader, it's a collective price,this fact could be the rub that has so many scalpers against averaging,you have a max quantity and max risk stop loss,same as any other style

satchel · Dec 21, 2011

pick your head up bulls, half of us don't even know where Hungary is! buy buy buy.