ES Tues 9-20-11

I think we need to start Tuesdays thread on the lighter side.


Me and my shed !!!!! Click on the image to view in "normal" size..

I don't use hard stops and In the morning I still average in some days but as I get better with the footprint charts I'm spending more time taking multiple tries with small stop outs in my areas....those stops are defined by my footprint charts ...and most times I just go to market...

On runners I will trail stops behind swing points or use a function of the volatility

Originally posted by tradezilla

Bruce, how wide are your stops?

gn, everyone

thx Bruce.. gn everyone..

Groan... Another week of uncertainty
http://www.reuters.com/article/2011/09/20/greece-troika-idUSP7E7II01720110920

In hind sight, when the BO failed, the retest of 8.75 was a clear place to go short.. I wasn't thinking short because we had a Fisher A up day for me but a failed BO/BD at a major level always traps opposing positions..

http://screencast.com/t/yzzVehYmyyo

The Russell also told us from most likely to least likely that either:

1-ES is not likely to BO or
2-TF will spike up hard when ES does or
3-ES will not go far when TF retests its highs..

From my experience, when the divergence is this large, the odds are usually against a BO..

http://screencast.com/t/8vOEelqhZnsI

Bruce;
If you build again let me know, you can use the guys that built my building ... we even made a video: