ripley, good call on the breakdown.. i saw a penant on 3 indexes why long at 550 ? qm still spiking up what are most of your risk reward pts ?
550 was the key resistance for the last 3 days. After it broke through that level yesterday, it acted as a small support. And I believe the market most likely won't go through 550 since it is Sept. 30th. You would need a major move in the energies for us to make lower lows today. Don't adhere to a strict risk reward because I don't have STOPS.. I just put it out there as my stop on my earlier post just for the hell of it. With no risk predefined, I don't have a reward either.
ripley so all your exits are triggered manually ? what are your avg win and loss pts ? lunch is here.. must be a range bound day
I'm done for the day; went long on the euro it reversed hard; then went short on the QM and it reversed. My isp is giving me 2k pings. I better just quit for the day good luck everyone
Small loss in YM (few tradeable swings for me today) trades: 1/ Short 10672, -1tick (slippage of breakeven stop) not shown 2/ Short 10568.5, cover 10573, -4.5ticks 3/ Short 10568, cover 10572, -4ticks 4/ (small) Long 10570, cover ~10586.5, +16.5icks some EUR trades in between (shown from inital entry S18, so it's not confusing)