ES Journal Archive (2006 - 2008)

13:14 Exit 1/2 1176.5 +5

13:38 Exit 1/4 1165 +16.5



last 1/4 at 63.25

 

The best trades will always be the hardest ones to take.

 

vix at 36

 

Last 1/4 have to see how it breaks

We may get a wyckoff spring, but with it holding here at 1165 it's not good

 

I dunno for me it would be a lot easier to put on a new long position here then to initiate a new short into these lows...guess its all how you look at it though.

 

There are always two forces at work, momentum traders and momentum faders. Breakouts occur when momentum faders have to cut their losses.

 

When the faders throw in the towel, you get the explosive moves and volume shows when they have done so and you just follow along and play the momentum.

 

13:14 Exit 1/2 1176.5 +5

13:38 Exit 1/4 1165 +16.5

13:53 Exit last 1/4 1168 +13.5

 

You keep making your money trading with the momentum full position on at the start as B1S2 suggests. You will make money. Then when you have built up your stake and want to play market maker then you can fade.

 

When the short faders throw in the towel here, price will explode to upside. They will make money on the play regardless.