Eclectic

Just curious, was it rookie because it was a counter-trend trade in the face of a major trend?

Or did you follow your regular position trade entry rules?

 

It was rookie because it was countertrend.

 

Long Jun Canadian Futures here at .99280

Initial Stop .97500

Maintaining Long ES --Stop remains at 1362.75

 

Watch it with CAD . Canadian reserve bank expected to drop interest rates at least 50bp at 9am.

 

B1S2, isnt the last trading day on CL futures 3 days before the preceding month? in this case today?

 

I am looking at June now that I am out of May.

 

Short Euro FX at 1.58800 Initial stop 1.60360

 

I thought you were out of character with that!

 

Looking decent so far. Stop has been lowered to 1.58620. Canadian is losing of course and I have continued my stop at .97500.

Also, lost 17 points in ES this week. --but gained roughly 60 points in ES last week. (from ES Journal)

 

Hello B1S2,

You just lowered your stop on the EUR. Why to exactly this price?
Why not 10 pips higher or lower?

You general rule on stops is: outside the reaction high/lows.
The reaction high on the 60m is (I would say) from a few bars ago (1.5840)
Why 22 pips more?

Or is your stop determination a mouseclick based on visuals, and did it happen to be 1.5862

Just trying to get a better understanding in your stop determination rules.

Thanks!!