Wow, a 7.5 stop loss for a 5 point gain, sound like you have to be right a lot more times than you are wrong. I'm glad it worked out for you....
Did you overide your 2 point stop loss?
Nothing, other than it continues to trade whilst Sept expires. I like to focus asap on what I am going to trade next week thats all.
Already done based on the volume, the Dec contract is 250k more than the Sept contract.
The words of wisdom say take a deep breath and watch what your "mistake" is doing before making another one. Its not always easy I know, but thats...
Looks like it wants to go up, just put a tight stop on it.
More volume on ESZ now.
I thought that was too close to 1294 support for me. Good luck.
I have Pivot support at 1296.25 on the ESU
It depends on how you trade, if you have large stops on long time frames, I agree you would only see a down trend . But if you are looking at...
Have you looked through this site? http://www.greencompany.com/Traders/index.shtml
1303 now, was 1303.75, sorry thought you meant in real time not theoretical
Its bouncing off the low of the day here. I have a double bottom showing with a buy signal but I do not like it as its the low of the day.
I keep my stops at 1 point.
You are getting slaughtered because you have no stop. The markets do whatever they want, you have to follow it.
I assume those are your charts, what is the RSI period?
Well done, I missed it due to FEAR and a lack of experience with my new platform and charting.
My thoughts are anything can happen. :D What periods are you using on your RSI? I use 10 on a 1 min chart and I had an overbought at 1307
Do you mean "dead cat bounce"? I do not think we can say we have had one. I am a scalper, I use a combination of RSI, MACD, SMA crossovers and...
My charts show S2 at 1306.6 and 1307.5 intermediate resistance on a daily basis. In fact I should be short, and I am not :mad:
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