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Lisyara
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My 5 min chart just shoewed nice 37550 contracts red bar touching 1394.25.. My VPOC is 94.50, nice 4 point ride :crap: someone among big guys is playing by the narrow market rule today
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============ Am I right that you basically expected a reversal from 1392ish judging by the fact that price simply didnt go further down? Sorry for asking, trying to figure out how could I have noticed that for myself, as your prediction nicely materialised.
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touched 1398 :missy: so far little desire to jump in in any direction
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1392 gently tested for bakrob
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==== yes, but 1-2 ticks violation doesnt count, plus I am in the same mood as bakrob99 - we should be going down some 40-50 points (1 point = 4 ticks) so may be staying longer would have paid better, but patience is a problem.. That's why my second favorite instrument CL..
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I dont know may be my question should not be asked here, but I placed two posts - I dont see them, does anyone see my work here?
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As expected it went down a bit took profit at 1394.25, wanted to manage it a bit longer -- patience is my weakest link.
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will dare to post a trade for the sake of criticism of big felas here :missy: Set-up: - trending down (at least during early hours) - Hit 200 MA at 5 min chart - Fibo showing retracement to 1394.64 - Entry: short 1 contract 1397 - PT: 1394.75 - SL: 5 ticks
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========= Nice notation, fully agree, I always believed into pre-position, with like 5% to 30% of the intended tradable capital for the day (depending on the strentgh of expected event). When trading big book in real life you HAVE to lead the flock, otherwise you risk to miss big order execution/monthly ratings/and of course P&L... All of which is severely punished. But you have to do the homework, be it strategy team screwed, sales asked for client input or just pain vanila "direct little window to the outerspace" which is what I like to call when you know nothing (as all of us) but have to jump in and think you know the direction.
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What does she mean by volume diversion?
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Trading from anoSSer side of the planet Gents, wish could jump in to the conversation timely. Just will note huge jump in buying volume at the end egain. Who? Why? Any clue?
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=============== Just to report on the above: the price touched 1362.25 on 11.40, closed the short. BTW it looks like i am severely bearish compared to few guys here, I am trying hard to understand why would anyone be long ES in this kind of macro environment and cant figure it out. And specifically this Friday 29th last hour window dressing is totally out of my mind. Why? As always, would very much appreciate your thoughts. My arguments: 1. Europe - far from being solved, and most of the region is in a recession with Germany getting worse 2. China - when the Partydecided to cut rates this is for too much of a signal that even them understand that the things are deteriorating 3. US still being brightest spot and economy still growing, looking into the coming 2 Quarters - jobs, retailers and earnings report all are weaknesses.
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Thanks gents. Thats what i have figured out for myself as well for a 100k account max 10 contract risk. Managing so far 600 usd on 3-4 contracts 4-5 trades a day 2-3 before main market and 1 or 2 later. Shorting 1365 at 11.20 1362-1363 a desired exit.
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Bakrob tks for yr opinion, btw whats yr average entry size as account percentage or contract number?
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Have been long in ES few contracts just before the first strong leg up today and got smacked by 4 tick stoploss.. :crap: and later almost got screwed trying to catch few ticks of reverse at around 9.15 and missed only to be carried over to the next top at 10.45 and there I was with almost half of my account buying power load of shorts against the super strong rally... Jesus, I am still tired. Just wanted to ask you guys do you ever try to average out or just simply take loss and look for a better level to jump in? I ve been trading already for a while and know that the rule is you stop the loss and take the profit but several times my few of the most rewarding days were when I averaged out the wrong entry and then enjoyed the nice run in my direction being with a slightly bigger position in the market compared to my usual first entry size... Tnx for honest replies