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You think it's not possible to make a profitable trade on the ES without having to eat more than 5 points of adverse excursion? Going long on almost every single 30m bar on the 12th would've satisfied that criteria. Sure, hindsight is 20/20, but I think it at least demonstrates what I'm...

Thanks for the input so far from you guys. To clarify, I am not trying to run up a $500 account, or create a protracted trading journal where I try to day-trade trade the ES successfully. Think of the $500 itself as my 5% maximum risk. This is money that I am devoting to a single "trade" I've...

1. Intro Hi everyone, I don't know if anyone remembers me, but I made a short thread about an ES scalping project last year, which showed me that I still had a lot to learn about the market and I was unprepared for designing a trading system at that time. The accountability and clarity that...

Jack, Thank you for the detailed explanation. I will seek to familiarize myself with the DOM and T&S conditions during turns as opposed to profit segments so I can better recognize them and not use the three-tick rule prematurely. I will also make the changes you specified. Mostly everything...

Jack Hershey, Thank you for taking the time to help me. Many things are a lot clearer and I will continue drilling through the trades and attached log that you posted. I believe the primary barrier for me at this point is an incorrect understanding of the three-tick rule which causes all of...

Jack Hershey, I waited for the first End Effect of the morning and I made a picture of how I understand your system to be executed. I illustrated a short as the 5m Doji Arrow became down after the PP4, and then an early long right afterward when price broke the PP4 BM. Can you confirm that my...

jack hershey, I've read a lot of your material, and I was wondering if you could answer a few questions since you have decided to post again. 1. You refer to 22 actions on Friday, and your logs show 22 End Effects. Is it correct to infer that you only take one single action per each End...

Thank you for taking the time and effort to begin this thread. I think this is quite fascinating, and I haven't seen material of this quality on ET for a while now. I appreciate your efforts and I am very intrigued to go through more content on the subject as you are able to provide it.

Pre-Mature Project 1 Conclusion I've still been continuing to mull over all of the responses I've received so far, as I've been going about the operation of this journal and responding to them as they come. In light of all the opinions of others who've chosen to weigh in, and my own personal...

Response to Feedback: After some of the feedback I've received, I thought I would write a short note to clarify my intentions here. I still having long-term holdings in index funds. I swing trade stocks in a conservative manner over long time-frames occasionally if I see a very low-risk...

April 25th, 2014 - Friday Trades Trade #1 Entry: 8:30:58 [1866.25] Exit: 8:31:02 [1866.75] PnL: -0.5 Trade #2 Entry: 8:34:45 [1866] Exit: 8:35:40 [1865.75] PnL: +0.25 Trade #3 Entry: 8:38:07 [1865.5] Exit: 8:39:32 [1864.25] PnL: -1.25 Trade #4 Entry: 8:50:15 [1862]...

Thank you for the advice. I definitely agree with you that the conservative approach over time seems to be the wise way to conduct things. I have found in the past that it is much easier to solve a problem when it is broken down into small, manageable pieces, so that's what I've attempted to...

You've raised many interesting points. I definitely perceive the possibility that my pride continues to distort my view of reality regardless of my attempts to see clearly. I suppose I can acknowledge that pride could be the source of my belief that it is possible to understand the basic...

April 23rd, 2014 - Wednesday Trades Trade #1 Entry: 8:30:27 [1876.75] Exit: 8:30:34 [1877.5] PnL: -1.25 Trade #2 Entry: 8:39:22 [1873.5] Exit: 8:40:11 [1873.25] PnL: -0.25 Trade #3 Entry: 8:49:24 [1865] Exit: 8:49:39 [1865.75] PnL: -0.75 Trade #4 Entry: 8:49:39 [1865.75]...

To Blotto: Thank you for taking the time to write out a detailed critique of my goals. I will do my best to respond to the information you have presented and discuss the matter as you have requested. To begin with, I believe a key issue here is that you have projected my intentions beyond...

April 23rd, 2014 - Wednesday Trades Trade #1 Entry: 8:37:20 [1871.25] Exit: 8:42:21 [1872.75] PnL: +1.5 Trade #2 Entry: 8:45:32 [1870.25] Exit: 8:45:44 [1870.75] PnL: -0.5 Trade #3 Entry: 8:51:29 [1869.75] Exit: 8:52:14 [1870.25] PnL: -0.5 Trade #4 Entry: 9:00:10 Exit: 9:02:10 PnL: +0.75...

To River: You're correct that my focus is on fine-tuning at the moment. I definitely do not want to come across as matter of refusal to process and analyze the valuable ideas and information that others have learned, but rather, I have done so much of that already that I figured I would...

April 22nd, 2014 - Tuesday Trades Trade #1 Entry: 8:30:09 [1866.5] Exit: 8:33:26 [1867.25] PnL: -0.75 Trade #2 Entry: 8:34:15 [1867.75] Exit: 8:40:41 [1866.50] PnL: -1.25 Trade #3 Entry: 8:41:05 [1866.75] Exit: 8:53:11 [1870.25] PnL: -2.75 Review 1. Bad entry. In...

April 21st, 2014 - Monday Trades Trade #1 Entry: 8:33:55 [1859.00] Exit: 8:36:20 [1861.00] PnL: +2 Trade #2 Entry: 8:49:22 [1862.25] Exit: 9:00:46 [1863.50] PnL: -1.25 Trade #3 Entry: 9:09:25 [1863.5] Exit: 9:14:27 [1862.75] PnL: +0.75 Review 1. I entered this trade...

The Purpose of the Journal As stated above, the purpose of this journal is simply to net one tick per day with a single simulated ES contract. I will be trading for around an hour from the open. Since my goal is not necessarily to have every single trade be profitable, I will be measuring...