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IchibomB's stuff - Page 11
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post #201 of 616
5/16/12 at 2:05pm
Thread Starter 

I started watching YM and TF like you were doing with ES.

I look at all three for support/resistance but mainly trade ES

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post #202 of 616
5/16/12 at 2:27pm

You're looking at 1 min and I'm watching 5. Market still cannot decide on where it wants to go.

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post #203 of 616
5/16/12 at 2:30pm

This is what I see. I wait on pull back and go.

 

Trade1Chart.gif

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post #204 of 616
5/16/12 at 3:22pm
Thread Starter 

I know you got that. I just don't see the 610 entry.

I see 628

 

Here's my 5 minute /YM

Capture.PNG

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post #205 of 616
5/16/12 at 3:36pm
Thread Starter 

To me it seems you hopped in at 610 because you thought you were going to miss out on a downside move

which is what we need to stay away from.  I could be wrong, Just trying to understand where 610 came from. 

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post #206 of 616
5/16/12 at 3:43pm
Quote:
Originally Posted by IchibomB View Post

To me it seems you hopped in at 610 because you thought you were going to miss out on a downside move

which is what we need to stay away from.  I could be wrong, Just trying to understand where 610 came from. 

 

I just sent a PM and you hit the nail on the head. laughing.gif My first losing day in awhile and I'm beat so I am done. Down only $80 though so I can accept that. Call me tonight if you have time.

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post #207 of 616
5/17/12 at 6:48am

Long at 569, stop at 529, first target 636. banana.gif


Edited by Bob Korreck - 5/17/12 at 7:32am
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post #208 of 616
5/17/12 at 10:12am

Glad I moved the stop down Ichi. They just took out all of the stops with a 61 tick candle. I had moved mine to 469. I felt this coming. lol  It hit 497.

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post #209 of 616
5/17/12 at 11:10am
Thread Starter 

No trades for me yet. 

Capture.PNG

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post #210 of 616
5/17/12 at 11:50am

I got in at the lowest support there was. Thought it was dead nuts perfect. I can explain when we talk but I almost reversed at 87. Damn, sure wish I would have.

 

From now on I'll take a snapshot when I enter and exit.

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post #211 of 616
5/17/12 at 11:55am

POC is still 550 but support has dropped to 506. I think the next drop I'll just get out till the dust settles.

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post #212 of 616
5/17/12 at 12:08pm

I'm out. I think the flush is real and maybe I can get some back when things settle down. ES down to 1309.75.

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post #213 of 616
5/17/12 at 12:19pm
Thread Starter 

try to stay away from thoughts like, 'maybe I can get some back'.

 

I have 0 signals to go long at this point. Price may come back up

but I have nothing. I just stick to what I know.

 

Hindsight

Capture.PNG

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post #214 of 616
5/17/12 at 12:30pm
Thread Starter 

At EOD I may have a long trade and what I'm looking for is price to start fading back above tomorrows POC

if it moves down from 12550.

 

I've had decent success with this trade to the downside and haven't tried it very often going up.

I'll probably SOH but I'm just letting you know things I think about. 

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post #215 of 616
5/17/12 at 12:48pm

Not the same chart I have. I play by the rules. Check the note on the drawing please. Let's take this face to face later? Ol buddy. laughing.gif

 

Chart.gif

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post #216 of 616
5/17/12 at 12:53pm
Quote:
Originally Posted by IchibomB View Post


I'll probably SOH but I'm just letting you know things I think about. 

 

Two way street. Well, maybe not quite (laughing.gif) but you have to admit I did come up with some good info. Just can't anticipate a correction like this one. My trade may also still be valid but I decided enough was enough.

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post #217 of 616
5/17/12 at 12:53pm
Thread Starter 

I understand that but some how your chart changed again. 

How did this happen? lol

We can take it face to face but don't try to anything sneaky 2guns.gif

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post #218 of 616
5/17/12 at 12:56pm
Thread Starter 
Originally Posted by BobK View Post
Two way street. Well, maybe not quite (laughing.gif) but you have to admit I did come up with some good info. Just can't anticipate a correction like this one. My trade may also still be valid but I decided enough was enough.

 

Of course you did! 
 

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post #219 of 616
5/19/12 at 4:00pm

I am going to gamble Sunday at open. I'll go short with a tight stop at open. If I'm right I'll keep moving my stop accordingly. I'm looking for a 20/60 tick profit in about 30 minutes and then I'll get out.

 

"There's no reward in life without risk.". Barry Farber


Edited by Bob Korreck - 5/20/12 at 12:16am
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post #220 of 616
5/20/12 at 5:39pm
Quote:
Originally Posted by BobK View Post

I am going to gamble Sunday at open. I'll go short with a tight stop at open. If I'm right I'll keep moving my stop accordingly. I'm looking for a 20/60 tick profit in about 30 minutes and then I'll get out.

 

"There's no reward in life without risk.". Barry Farber

 

I think Barry is right but I decided to hold off and I'll wait until I know the 'Price is Right'. laughing.gif

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