ES Journal Archive (2006 - 2008)

Discussion in 'Journals' started by Buy1Sell2, Mar 2, 2006.

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  1. Stops should be moved, imo, according to market action; the market does not care if one is "breakeven" or not; the price at which one bot or sold is irrelevant.

    That said, stops SHOULD be tightened once a large-range bar has put one's position well into the profit range. Large bars are often portend the END of a move; they are a sign that the ongoing trend may be over.
     
    #23771     Nov 14, 2007
  2. dmartin

    dmartin

    70 points translates into around 5% of the S&P which was gained in only 6 days. Compound anything close to that over a years period and you get the message--correct? If that is not a grand slam what would qualify one? Nonetheless, if you are comfortable and happy giving up 60-70 point gains waiting for 200-400 gains more power to you.

    DMartin
     
    #23772     Nov 14, 2007
  3. Buy1Sell2

    Buy1Sell2

    Agree with all said. At this point, market action has not been sufficient to the upside to warrant moving my mental stop down. :)
     
    #23773     Nov 14, 2007
  4. How do you think H&S pattern are formed... similar to thrusts and springs. One of my best setups are these wycoff moves I thought I discovered them on my own. Thanks for the info on them.
     
    #23774     Nov 14, 2007
  5. The overnight gap was almost closed (the low for today is 83.50).

    If the market stays above this level AND clears 92.50 with authority (no upthrust), that would be short-term bullish. I wouldn't want to be short.

    No positions for the moment. Back at 2.
     
    #23775     Nov 14, 2007
  6. anyone else catch this with me? Im not sure if its a spring or not but its part of my trading plan.
     
    #23776     Nov 14, 2007
  7. crude oil is starting to look like a good candiate for a short...
     
    #23777     Nov 14, 2007
  8. Short from 1492, daytrade.
     
    #23778     Nov 14, 2007
  9. JSSPMK

    JSSPMK

    Possible DT, 10 minute chart bearish set-up, will break TL ImO
     
    #23779     Nov 14, 2007
  10. Possible H&S top here: 91.5, 94.75, 91.5. Drop below neckline at 89 would confirm. Rise above 93 would invalidate.

    EDIT: That spike to 93 pretty much wiped out the H&S.
     
    #23780     Nov 14, 2007
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