The new visible resistance being shaped is seen at 1136. I'm currently still short from 1195.25 (approx. $3,412.50 unrealized), but have adjusted...
I notice the very same in index futures, specifically the ES. But instead of trading bounces (which I find rather speculative), I trade its breaks...
Makes sense. Will do, sir.
I wanted to add a chart along with it before I post. I'm not sure this journal is understood as a signal service?
Short @ 1195.25, Stop @ 1197.50 I'm posting late as I just came back from office. At work, I observed how a new support basis formed during the...
Of all markets, it offers the best trends if you ask me. Support and resistance areas are very well respected.
I decided to set the new stop to 1180.50 because I see it as an important low that ought to hold for the current uptrend to remain intact....
Thanks, Snow :) The ES formed another higher low before breaking and holding new highs. Hence, the stop is now at 1154.25. Currently sitting on...
The stop is now put even higher to 1147, the low made earlier in the 1H time frame. This nearly nullifies my trade's risk.
Adjusted the stop to 1138 which is an important low in the new uptrend according to my understanding. Still long since yesterday.
Bought @ 1149.00, Stop @ 1127.75 (new Dec'11 contract) I covered my previous position since Friday for an average profit of 25.25 ES points...
Short from 1180.25 today.
Short @ 1180.25, Stop @ 1186 Shorted when support at 1177 was about to break. Had been observing the premarket activity and noticed how the ES...
I have been visiting these forums on and off for a while and decided to start my own journal now. My interest in particular is trend following the...
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