...keeps the creditors at bay.
Remember, these setups are all documented in the Technical Trader's Handbook, and coming soon to a theatre near you is the CD-ROM.
(09:32 AM) Teresa_Lo: And here comes the bounce.
(09:33 AM) Teresa_Lo: **SELL STOP AT ES 97700
(09:33 AM) Teresa_Lo: There is a small gap overhead left from the open.
(09:33 AM) Teresa_Lo: Up to about 97950
(09:33 AM) Teresa_Lo: We'll see if there are sellers lurking here.
(09:34 AM) Teresa_Lo: **SELL STOP UP TO ES 97750
(09:34 AM) Teresa_Lo: Morning low so far is 97675
(09:35 AM) Teresa_Lo: STOP LOSS AT 97825
(09:35 AM) Teresa_Lo: BAR 1 IS COMPLETE
(09:35 AM) Teresa_Lo: WE WANT TO SEE IT GET TARGET ON BAR 2
(09:35 AM) Teresa_Lo: DOES NOT LOOK LIKE IT WILL GO DOWN.
(09:35 AM) Teresa_Lo: THIS IS WHERE WE CAN BAIL OUT
(09:35 AM) Teresa_Lo: BUT I'LL LEAVE IT
(09:35 AM) Teresa_Lo: IT'S UP TO YOU
(09:35 AM) Teresa_Lo: NOT GOING
(09:36 AM) Teresa_Lo: BAR 2 IS COMPLETE
(09:36 AM) Teresa_Lo: I AM GONE
(09:36 AM) Teresa_Lo: AT 97800
(09:36 AM) Teresa_Lo: SINGLE GREEN BAR ON THE 3M ES NOW.
(09:37 AM) Teresa_Lo: SELL STOP AGAIN AT ES 97750
(09:37 AM) Teresa_Lo: I AM DOING IT OFF THE 1M.
(09:37 AM) Teresa_Lo: Small stealth classic bear flag on the 1M ES.
(09:38 AM) Teresa_Lo: Sell stop off the 3M ES green bar is 97725.
(09:38 AM) Teresa_Lo: SELL STOP IS HIT
(09:39 AM) Teresa_Lo: WE WANT TO SEE IF TAKE OUT THE MORNING LOW
(09:39 AM) Teresa_Lo: OR WE GET OUT AFTER BAR 2
(09:39 AM) Craig M: 976.75 is the early low
(09:39 AM) Teresa_Lo: SUGGEST STOP LOSS TO BREAK EVEN NOW.
(09:39 AM) Teresa_Lo: SINCE WE ALREADY TOOK A SMALL LOSS THIS AM.
(09:39 AM) Teresa_Lo: TARGET IS HIT.
(09:39 AM) Teresa_Lo: EXPANDED RANGE BAR ON THE 1M ES
(09:39 AM) Teresa_Lo: EXIT ANYTIME NOW.
(09:40 AM) Teresa_Lo: IF YOU WANT TO KEEP THE TRADE, YOU SHOULD MAKE SURE THAT YOU CAN ACCOUNT FOR BREAKEVEN AND TRY TO RECOUP THE LOSS ON THE FIRST ONE.
(09:40 AM) Teresa_Lo: WANT TO GET BACK TO EVEN FIRST BEFORE WE DO ANYTHING
(09:40 AM) Teresa_Lo: HERE WE GO...THIRD BAR
(09:40 AM) Teresa_Lo: AND I HAVE MY TWO POINTS.
(09:40 AM) Teresa_Lo: READY TO EXIT FOR ME.
(09:41 AM) Teresa_Lo: I KNOW IT MIGHT BE THE BIG TREND DAY
(09:41 AM) Teresa_Lo: DOWNSIDE BREAKOUT
(09:41 AM) Teresa_Lo: BUT MY JOB IS DONE.
(09:41 AM) Teresa_Lo: GETTING READY TO EXIT ...
(09:41 AM) Teresa_Lo: SUGGEST STOP LOSS AT 97575
(09:41 AM) Teresa_Lo: THIS IS CALLED A BREAKDOWN
(09:41 AM) Teresa_Lo: AND FAST
(09:41 AM) Teresa_Lo: NICE.
(09:41 AM) Teresa_Lo: ANOTHER EXPANSION
(09:41 AM) Teresa_Lo: I AM
(09:41 AM) Teresa_Lo: GETTING OUT
(09:41 AM) Teresa_Lo: OUT AT 97400
(09:42 AM) Teresa_Lo: WE ARE DONE IN 12 MINUTES.
It's a good thing I can get this all done. Otherwise, who would be writing this newsletter?
****
03.08.04 10:02 #