[Kirin12]

Hello,

Did anybody try use some of the ideas from the book on the ES today?

Kirin12

[ACS]

Originally Posted by Kirin12 »

Hello,

Did anybody try use some of the ideas from the book on the ES today?

Kirin12

Classic trend from the opening. The best trade was the breakout of the first (strong bear) bar of the day at 905.00. Couple of good L2s in the morning at 899.00 & 896.75. Most of the afternoon was spent in barb wire/trading ranges so nothing for me.

[Kirin12]

Thanks. I see the L2s. Were you tempted to go short after the series of 6 bull bars starting off the then low of the day at 889.25 (starting around 12:25 CST)?

I thought the BW was unusual as it lasted through the closing.

[AR_Trader]

I did short after the 6 bullish bars starting at 12:30 CDT but in hindsight, it appears the 1225 low was the third push down so it may not have been reasonable to expect another push without some retracement.

[thetatrader]

The short off the first bear bar was a must. and every pull back short was good. the trend was strong. the barbwire starting a 11:30 was awful. I am glad I missed most of it. but I still was able to lose to it. Note my short in in the B/W was a bad trade. there was no trend line break or TCL overshoot. Note the following short had the trend line break. this stuff is easy in hindsight.

[Kirin12]

Good point AR Trader about the third push down.

That's really unfortunate tatrader that your real job called you away at that point. You gave left quite a few points on the table there. Good work nevertheless.

[BlowFish]

Originally Posted by Kirin12 »

Hello,

Did anybody try use some of the ideas from the book on the ES today?

Kirin12

I didn't. I caught a short on the DAX an hour or so into the EU morning session and it was one of those joyful ones that was up 10 points by the time I got confirmation. It must be said when you get stopped in with real momentum it is rather nice. I decided I was pretty much done for the day. I'm really trying to take the best of the best and be done in a short time. Easy when there is something on the table harder when you have to sit on your hands.

[thetatrader]

The long after bar 1 gave you a scalpers profit. but you would have needed a 11 tic stop Keep that in mind. the bar two L2 short gave you a scalpers profit and if you used the 11 tic like all teaches you would have cought the hole move. That is just something I noticed after the fact. I took the L2 short and added one at 94 with a stop at 95.5 Note my plain was to swing these to at least yesterdays low. I covered them at bar 3 after the TCL and micro trend line over shoot. a I think I will take Blowfish's advice and take my prophets and rest. I feel horrible today. That 11 tic thing amazes me "don't think I will ever be quick enough to catch that real time"