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Trading the Pivots
- Thread starter JimmyJam
- Start date
Here, I'll save myself some typing.
If Price Action falls, Then this is what will happen:
Short @ 734.5 (if it hits), Stop @ 736.5
Short @ 733.5 (if it hits), Stop @ 736.5
Average Price 734.5
Protective Stop @ 735.5
***
If Price Action Rises, Then this is what will happen:
Protective Stop @ 736.5 on the 735.5 Short will be hit for a loss of -$100.
***
Gotta get some coffee,
Best Regards,
JJ
If Price Action falls, Then this is what will happen:
Short @ 734.5 (if it hits), Stop @ 736.5
Short @ 733.5 (if it hits), Stop @ 736.5
Average Price 734.5
Protective Stop @ 735.5
***
If Price Action Rises, Then this is what will happen:
Protective Stop @ 736.5 on the 735.5 Short will be hit for a loss of -$100.
***
Gotta get some coffee,
Best Regards,
JJ
Quote from JimmyJam:
Here, I'll save myself some typing.
If Price Action falls, Then this is what will happen:
Short @ 734.5 (if it hits), Stop @ 736.5
Short @ 733.5 (if it hits), Stop @ 736.5
Average Price 734.5
Protective Stop @ 735.5
JJ
Wouldnt your average price be 734?
Ive moved more into the ER2 as well. The es is just to noisy for me most of the time. Good luck.
Quote from Trader273:
Wouldnt your average price be 734?
Ive moved more into the ER2 as well. The es is just to noisy for me most of the time. Good luck.
Nah bro, the first Short was at 735.5 (the post above the one that you're quoting).
Actually the protective stop was hit, and -100 (actually +200 for the morning, and think this baby has room to fall).
I've actually done a lot of work with the ES, and now that I see the ER moves in lock-step with it (it didn't use to), that means to me that you have many of the same players in the indicie.
Be careful with it, if you can catch a decent move it'll make you a mint, and by that same token, if you aren't careful, it'll blow your account out in no time.
Best Regards, and thanks
JJ
P.S. By no means should anyone attempt what I am doing without their own proper work and study and application. To me this space respresents a virtual trading room LAB, where I can play out a million and one different scenarios to my hearts content, so that's what I'm do'in.