how to manage false breakouts on NQ ES

Discussion in 'Index Futures' started by pawpaw, May 27, 2003.

  1. nitro

    nitro

    Breakout!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Filled 993.50

    nitro :eek:
     
    #191     Jun 6, 2003
  2. Ditch

    Ditch

    The last couple of months the Euro markets have been congesting heavily, while the US blasted off. Some piece of advice! Judging from your behavior until now, you 're just your typical internet idiot. By the way, i live in Holland, that's in Europe, in case you didn't know.
     
    #192     Jun 6, 2003
  3. nitro

    nitro

    OK. so now - Stops at $100 to $150 so that is 2 1/2 handles. 993.50 - 2 1/2 handles = 991.

    Profit target = 4 handles so that is 993.50 + 4 = 997.50.

    nitro
     
    #193     Jun 6, 2003
  4. nitro

    nitro

    I will see how I did later. I am going to collapse now.

    Good night and good trading.

    nitro
     
    #194     Jun 6, 2003
  5. DAX 04:00am (EST) ...there's your baby. Buy above that. Stop-loss trailed 1 tick under the 04:15 bar cos it was a strong up bar. Maybe even trailed under 04:20 to c. BE (discretion). ESTX50 looked the overall stronger symbol though.
     
    #195     Jun 6, 2003
  6. pretzel

    pretzel

    Missed that - that was a good trade - good for at least 8 points. Big initial stop though, at least 8 pts. 3090-3082.

    pretzel
     
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    #196     Jun 6, 2003
  7. Have to agree with Ditch. European markets have been very difficult to trade lately: no volatility at all. So rather strange to see someone advise trading the dax for the moment. ES is much better to trade for the moment.
     
    #197     Jun 6, 2003
  8. pretzel

    pretzel

    Probably depends on the method and the timeframe. Did you miss the one hour DAX run on Wednesday ? The "rockets" would probably catch this move also.

    pretzel
     
    #198     Jun 6, 2003
  9. No but when has this run happened? Exactly at the time us markets open. In my opinion, better to trade es (the leader) than a derivative of it and the dax is a just derivative of es when es opens.
     
    #199     Jun 6, 2003
  10. pretzel

    pretzel

    Probably.

    pretzel
     
    #200     Jun 6, 2003