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IchibomB's stuff - Page 10

post #181 of 616

Trade1.gif

Trade2.gif

 

Trade 1 short from POC.

Trade 2 short from Resistance.

 

I am not willing to chance going long today. I missed a great opportunity but the crystal ball is not working.

 

Done +$410.

post #182 of 616
Thread Starter 

nice trading, Bob! you're in a good groove thumbup.gif

post #183 of 616
Quote:
Originally Posted by BobK View Post

Trade1.gif

Trade2.gif

 

Trade 1 short from POC.

Trade 2 short from Resistance.

 

I am not willing to chance going long today. I missed a great opportunity but the crystal ball is not working.

 

Done +$410.

keep it up and you'll have to change your name to ItchiBob

nice trades Bob....thumbup.gif

post #184 of 616
Quote:
Originally Posted by IchibomB View Post

nice trading, Bob! you're in a good groove thumbup.gif

 

Thanks Ichi. I have a guest for a few days so I don't have much time. Everything is falling into place, thanks to you. thumbup.gif

post #185 of 616
Quote:
Originally Posted by OldFart View Post

keep it up and you'll have to change your name to IchiBob

nice trades Bob....thumbup.gif

 

I am a long way from IchiBob but I like that. Thanks JR.

post #186 of 616

I should have shut this computer off. Maybe. laughing.gif

 

I just went long at 12627 with a short stop for Ichi. lol

 

Naw, just kidding Ichi. I did go with a short stop and a OCO bracket cause I'm thinking we'll go up and I got in at the lowest support I could see. Stop is at 12598 and target is 12723. This stop will be moved if I see it going against me right away.

post #187 of 616
Thread Starter 

When you were getting stopped out after stop out

it's because your stop was too tight (you also made

some great trades during that time as well). I told

you what I use and you were using much tighter stops than 

me. The stop itself wasn't your problem, it was your entries (not being patient for your price)

and the location (tight)  of the stop. So now you went from tight stops to no stops (except in this case).

You swung from one extreme to the other. There is a balance, which I kept trying to get

you to use. You know there's a method to my madness tongue.gif

 

'No stops' can work in a ranging market because in a range price usually revisits previous areas rather quickly.

However, in a trending market you will get killed and you'll blow your account. 

The entire time you're holding for price to come back ( even though your signal is no longer valid), other valid

entries have popped up. 

 

I've also tried to get you to stop trading this session (over trading with weak signals) but I digress biggrin.gif

post #188 of 616
Quote:
Originally Posted by BobK View Post

I should have shut this computer off. Maybe. laughing.gif

 

I just went long at 12627 with a short stop for Ichi. lol

 

Naw, just kidding Ichi. I did go with a short stop and a OCO bracket cause I'm thinking we'll go up and I got in at the lowest support I could see. Stop is at 12598 and target is 12723. This stop will be moved if I see it going against me right away.

 

Out at 621. It was worth a shot.

post #189 of 616
Quote:
Originally Posted by IchibomB View Post

When you were getting stopped out after stop out

it's because your stop was too tight (you also made

some great trades during that time as well). I told

you what I use and you were using much tighter stops than 

me. The stop itself wasn't your problem, it was your entries (not being patient for your price)

and the location (tight)  of the stop. So now you went from tight stops to no stops (except in this case).

You swung from one extreme to the other. There is a balance, which I kept trying to get

you to use. You know there's a method to my madness tongue.gif

 

'No stops' can work in a ranging market because in a range price usually revisits previous areas rather quickly.

However, in a trending market you will get killed and you'll blow your account. 

The entire time you're holding for price to come back ( even though your signal is no longer valid), other valid

entries have popped up. 

 

I've also tried to get you to stop trading this session (over trading with weak signals) but I digress biggrin.gif

 

Do I have to come over there and beat your azz? laughing.gif

 

When my sig changes to 'futures god', it will be a different story. Until then I am your student and still learning.


Edited by Bob Korreck - 5/16/12 at 10:13am
post #190 of 616
Thread Starter 

rotfl.gif2guns.gif

post #191 of 616

I'm seeing  a short range today. It feels like scalping which is something I don't want to do but I have to trade what I see. Looking for 628 again.

 

Trade1.gif

post #192 of 616
Thread Starter 

I'm not looking to go long at the moment. 

maybe over 33-35 with a pullback entry

 

we'll see what happens. fomc should stir it up a bit

post #193 of 616
Quote:
Originally Posted by IchibomB View Post

I'm not looking to go long at the moment. 

maybe over 33-35 with a pullback entry

 

we'll see what happens. fomc should stir it up a bit

 

I am going to set my alarm. I completely forgot about this and we had just talked about it. I guess if I'm in I'll have my finger on the button and I'll be in 'auto send' mode. Thanks again buddy. thumbup.gif

post #194 of 616

Here's what I'm looking at.

 

Trade1Chart.gif

post #195 of 616
Thread Starter 

what do you have going on there? super zoom? 

post #196 of 616
Thread Starter 

got a decent short in - 10 ticks

Took profit at /TF support

Capture.PNG

/TF                                        /ES

Capture.PNG

post #197 of 616

Walked away for a minute. Wow. Short at 610. What a surprise.

post #198 of 616

If this is reaction to the 2:00 news hang on. Stop set at 627.

post #199 of 616
Thread Starter 

TF on support... 

 

here's YM

Capture.PNG

post #200 of 616
Thread Starter 

I think you were a little too late to that party frown.gif

your 628 level for long was also the level for the short

after the break, pullback. I don't see 610 as an entry on my chart. 

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