ES Journal Archive (2006 - 2008)

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

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  1. Think about it in this way: where are the stops?

    When you see the stops going off, you want to be ready to take advantage, and have your own stop in place in case you are wrong.
     
    #25061     Nov 29, 2007
  2. The terminology seems quaint, but the mental picture is this:

    If you want to jump across a river (or creek), you need to back away from the riverbank and then run toward it to get up enough speed to make the jump.

    Similarly, if you want to break through the ice, you need to jump up high enough so that you land with adequate force to break through.

    The idea is that price action at bottoms and tops has a slingshot-like quality...you have to pull the slingshot back in order to propel the projectile forward with enough force to reach the target.
     
    #25062     Nov 29, 2007
  3. The speed and magnitude of the move off of the prospective bottom or top is critical. If there is no bounce, then the support will probably not hold.
     
    #25063     Nov 29, 2007
  4. short euro at 1.4782 10 pip stop

    target 100 pips
     
    #25064     Nov 29, 2007
  5. fka

    fka

    Long ES 67.25

    stp 65
    target 72


    channel breakout


    edit

    remove target+stop 68
     
    #25065     Nov 29, 2007
  6. Sponger

    Sponger

    Does this strictly apply to a range bound market....stops get triggered through a price spike, right before reversing through to the other side of the range....thereby reinforcing the range? Or is it fractal across the board, for tops and bottoms in general?
     
    #25066     Nov 29, 2007
  7. Yes, thank you.:)
     
    #25067     Nov 29, 2007
  8. I like it nice visual :)
     
    #25068     Nov 29, 2007
  9.  
    #25069     Nov 29, 2007
  10. Sponger

    Sponger

    Thank you, that just answered my last question
     
    #25070     Nov 29, 2007
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