Guess Ill just ride this one I have my stop at 61 I am looking to 50 where the 200ema is for a general target. Ill take 3-5pts if they come though.
Stopped out and shorted the breakout to the downside.
Took this short for the first big move for 5.25pts in quick fashion. I am remembering now how it feels to counter trend trade.
Long - 60.75 stop - 1259 target - 65.75 or 4:29pm
Good job managing the last play. This is a little early for me to go long. I think after the lunch drag would be a little better. But, You got...
This is too late. Especially up against the daily 200sma. I would wait for a good setup to go long after lunch.
I noticed that also. I thought about pulling it down but it started moving in my direction so fast I didnt. For the future I will look at my...
I probably could have rode if for more but I am happy with that.
Sell 75.75 Stop 80.25 Target 69-70
Looks like Oil and the ES are trying to hit the pivot ES 87ish Oil 95.70ish
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...
Yup, when this little mini rally is over I am short as well. Looks like we should break the 200sma.
Only reason I say that is that I have my indicator biases at 15min somewhat Long 1hour Long Day FLAT
Up to 86 maybe and then down. Or just down? lol
Thats a lot of risk for not very probable gains. Kinda in the middle of a down trend.
Pushing right up against the bottom of the channel and 200sma.
Out at 81.25 Thats a loss of just over 2pts total for the day. Could have been worse I could have stopped trading after those first two bad...
That should have been me. Great insight.
Looking back I see that. When I made the entry it was too early. Also, the longer term charts did not jive with the indicators on the shorter term...
It has kind of slowed near the 200sma and the bottom end of the coiling flag. I am trying to transition from very short term scalps to longer...
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