Pretty bad day overall. I got rid of my cocoa at 3021 for a decent loss. 4 ES sold at 1361 for a decent loss. 9 CT-MN8 covered at .7370 for a...
The natural gas order filled but the high of the day was 12.990, so I missed my exit order by .010. Ironic that this would happen in this market...
The risk reward in all markets is now poor. Normally I would sit out and wait for a dip or rally siuation. Fortunately I now have momentum...
Hi Medowz, the SL and ML can be duplicated on a 3, 10, 16 MACD that uses SMAs (EMAs are standard on MACDs) It is very important that the lines are...
All positions did well today. I covered my euro contract for a small profit at about 1.5450. The pattern here is too neutral to stay short....
New balance is $81,800. Great start to this journal. Bonds and notes did not hold their gains on this good sized down day in stocks....
These momentum orders are incredible! I had short orders set to trigger on Yen at 9.19 and gold at 861. Neither one triggered since today was a...
Iâve noticed in the past that I often give back some profits following a period of good trades. I think this is because the risk: reward tends...
4 am update: After looking at the cotton trade again I decided that making a case for shorts required too much speculation. Pressure could easily...
I took decent profits on one contract of yen at 9.376 and 4 contracts of cocoa at 2870. Silver had a very nice down day and I decided to cover at...
I recommend his newer book "Trading Day by Day"
Chick and I spoke about this. One reason was that the letter took up a substantial amount of his time. Another was that his book sales and...
As mentioned before Iâm converting to full swing trading instead of trying for some longer holding times on positons that I see have big...
I am looking for a way to spot certain bars on my daily charts. Assuming that the most recent day is bar #1, I want an indicator that draws a...
That is the nature of swing/position trading. I didn't get that $3000 gain by keeping tight stops. I have to put in my positions and let the...
About neutral overall day for me. My last bond contract hit its stop. I got very good profits in this market. My 2 ES contracts plunged on...
This is about as good of a day as I can hope for. Stocks went up like I anticipated, bonds went down and cocoa held its ground (I entered 4 at...
Correction: Yen is concurrent to the downside so I am going SHORT, not long, one contract.
Thanks guys, feel free to post any time. I got out of my crude contract for a loss at 124.49. My limit order for cocoa did not hit. Cocoa...
Hi slacker, I place stops based on resistance levels. Stops are usually fail safes to prevent against very sharp selloffs. The losses I "want"...
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