I would almost say that is a little late entry. What are you talking about how did he get that price? New Post 08-02-11 10:52 AM Quote from Buy1Sell2: I put on one contract long here at 1274.75 for a swing trade. Initial stop is 1264.00 The market was at 1277 when you posted this. How did you get a 2.25 point discount??
Time stamp shows 9:45 EDT . What price was ES trading for that 1 minute bar? Mine shows the low on that bar of 1276. Price hit 1274.75 several times between 9:30 and 9:39 and not after. Therefore, my conclusion, is that this trade will be disregarded for journal integrity. Nice try B1S2 Unless you specifically say so, after the fact posted trades won't count.
08-02-11 08:45 AM I put on one contract long here at 1274.75 for a swing trade. Initial stop is 1264.00 --continuing same stop here. Will move this stop fairly quickly.
I like the potential of this trade. With nearly 10 points as the SL, hopefully it's more of a swing trade. I'm a little more liberal with my stop in both size and positioning.