You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
S/R Emini Journal
- Thread starter 4re
- Start date
- Status
- Not open for further replies.
Quote from Lamont_C:
I'm afraid you've lost me on this one. If you were using the bar at 2:15 to give you the entry at 63.75, you would have entered well before the open and been SO shortly after the open. Only if you took the trade at 9 (CST) or thereabouts would you have reached your target.
I like to clear those needles by about .5 before entering. Been burned entering right at the tip and even 1/4 point above or below. So now I go 1/2 point for my entry. And one of the candles was slightly lower than the other I believe. I am not looking at it now but I think it was. The more room I have between the more distance I tend to give it for my entry. I know a lot of people would like to enter a little earlie and get more out of it but like I said earlier I am just looking for 2 points. I will take more sometimes but I have been building my account methodically 2 points at time. Today I could have made more but I am happy. If others make more out of it I am extremely happy for them.
Did that help or am I just confusing everyone on here. That is not my goal.
4re
Quote from saico:
Did not open the market below that level?
Yes it did. But then it pulled up and when it started coming back down it becomes takeable. I can/have taken the same entry successfully several times in a day. Look back at Friday between my brother and I we took the same trade 3 different times. All worked. This isn't a cigar where once you use it you can't use it again. If that is truly an important S/R level then the pros keep coming back for it again and again. Today is also a good axample.
Hey Guys,
Be very careful going long today as I am feeling some more down in the market this afternoon. If anybody really wants to go long just wait until we set a new high for the dayand if that is the case wait until the long call I made just to be sure. I don't want to see anybody get caught in a trap while looking for a reversal.
4re
Be very careful going long today as I am feeling some more down in the market this afternoon. If anybody really wants to go long just wait until we set a new high for the dayand if that is the case wait until the long call I made just to be sure. I don't want to see anybody get caught in a trap while looking for a reversal.
4re
Quote from 4re:
I like to clear those needles by about .5 before entering. Been burned entering right at the tip and even 1/4 point above or below. So now I go 1/2 point for my entry. And one of the candles was slightly lower than the other I believe. I am not looking at it now but I think it was. The more room I have between the more distance I tend to give it for my entry. I know a lot of people would like to enter a little earlie and get more out of it but like I said earlier I am just looking for 2 points. I will take more sometimes but I have been building my account methodically 2 points at time. Today I could have made more but I am happy. If others make more out of it I am extremely happy for them.
Did that help or am I just confusing everyone on here. That is not my goal.
4re
Your answer doesn't address my question, but I must not have made myself clear. Perhaps you could explain the trade, i.e., which drop through 63.75 you took, what your stop was, how long you held until the target was reached.
Quote from Lamont_C:
Your answer doesn't address my question, but I must not have made myself clear. Perhaps you could explain the trade, i.e., which drop through 63.75 you took, what your stop was, how long you held until the target was reached.
I think I see what you mean. It did drop through 1263.75 right before the open. I wasn't here to take it. I took the 9:00 and target was hit at 9:15. I also took the one at 1:39 which I am still in right now. I may settle for less points on it if I need to. I have a tight stop set on it at 1 point.
I would have taken the early entry if I would have been here and I would have lost on it.
Quote from 4re:
Yes it did. But then it pulled up and when it started coming back down it becomes takeable. I can/have taken the same entry successfully several times in a day. Look back at Friday between my brother and I we took the same trade 3 different times. All worked. This isn't a cigar where once you use it you can't use it again. If that is truly an important S/R level then the pros keep coming back for it again and again. Today is also a good axample.
Thanks for making this clear, 4re. So do you share your levels with your brother, or does he determine his own levels. I'm asking because it seems your method has many small nuances which cant simply be copied by other traders.
Saico
- Status
- Not open for further replies.