Tell me about it. I'm gonna have to reconsider my rule about no opening new live trades in the last 45' (if I have open trades, that's ok) because those are the only ones that seem to be working for me (then again, it may be because in sim I don't hesitate, whereas in my live account I'm stuck in a negative feedback loop). "Hey look, it seems they're finally gunning for the stops above" --> Stop-limit at 78.44 (with 2 tick limit offset)... sim, indeed... oh, well. Hope you caught that one Nod (no need to answer)
OMG, I got "bear-trapped"! Perfect short setup on the close of the 1:50pm bar - lower high closes beneath the 20 MA after a weak earlier b/o and breakdown of the trend. Juicy! Placed sell stop 1 tick below the 1:50pm bar low (77.91) and let the price action take me into what appeared would be a great short trade. Normally, I move my stop to b/e after 10 ticks, but it seemed with-trend now, so I moved the stop above the entry bar high (77.98). Price failed to breakout to the downside and took me out. Husband says "You left your lunch in the toaster over", went to go eat it, and came back a little while later, and saw that I missed that fantastic breakout!
Futuresmag has a Al Brooks presentation in its I-Trade show http://www.futuresmag.com/micro/i-trade/2010/6/default.aspx Al is talking on wedges, powerful little buggers
No yet. I wanna see if the market shrugs off the news (if they're negative) or not. Also, in my view if we break 81 plus some filter this mofo is really going to move.
But you're 3 ticks off... (j/k) Yes, if it turns it should turn here. Problem is if ES & euro (also at key resistance) keep going. (In related news Picaso froze like a deer in the headlights - again )