ES Journal Archive (2011)

I should have sticked to my long from 32

Back in long @ 38,50. Stop @ 35,50. Last shot today.

Targeting yesterday`s high.

 

Still in play and even higher probability since gap closed below


DEMDTDAYBOYZR$

 

DEMTDAYBOYZ want to meet us at the bar for mojitos

you in ?

 

Not as much as I used to, but it`s on my screens. I`m still undecided on it`s value.

Do you use it?

 

short 1138.25
3 point stop

 

I find it extremely useful. IMO there are relatively clear lines in the sand on the TICK that help with a directional bias for the trading day. For instance, I won't touch shorts if the TICK is closing above +600, and I won't touch longs if the TICK is closing below -600.

Similarly, the lows of pullbacks usually coincide with tests of +600 / -600. If anything, I try to make sure that I am always buying a low TICK (i.e. when the TICK is "hooking" downward) or selling a high TICK (i.e. when the TICK is "hooking" upward). This helps me get really strong entry prices, and allows me to get out with little to no pain when I am wrong on my trade direction. My .02 of course, but check it out and see if those recommendations help any.

EDIT: To clarify, I look at the TICK on a 1 minute bar chart.

 

out here : +5

 

trying to buy 30 in the off chance volente and demboyz are right :]

 

eur usd hit res and pulled back to a ledge,with a nip just below,touching bottom of nip will take out yesterdays low,leaving djt,nq and es all short of res,sellers came in early

 

on a shorter,30 day 1 hr timeframe, we are sitting on that nip ,if supp doesn't hold,we break, we dip below yesterdays low and take out the 1111 low in es