ES Journal - 2016

-104

L16730 histo based reverse stop

 

Sensing a potential bullish turn, but who knows

 

long 65.5
stop 55.5

 

What time frame do you trade off of?

 

raise stop to 61

 

I hope I am forgiven for not having hard stops, in my defence I will mention that I am positioned in a manner that will not cause financial ruin as I allow about 300 pts wiggle room and it is in line with the overall risk management, secondly I do post losses

 

this trade is based off hourly and daily

 

OK--so you see the daily as positive and look to the 60 to put on a trade and place the stop?

 

Stops would never need to be posted someone using 1 times margin or less. Is that the case?

 

Absolutely.