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Wednesday's Recap What a day!!!! I guess I was lucky today. I had a stop on my 2 ES at 1237. When I looked at the price in the morning, it was around 1240. I opened my IB account at around 6.30am thinking that I must have been stopped out sometime in the early morning. When I saw my account...

Today's Recap and plan for tomorrow. I'm still short 2 ES. Today's high was 1236.25. I guess I was lucky it did not get to 1237 where I had my stops.

Although my initial plan was to cover one contact at EOD today, I did not. The reason being that the low today was lower than the low yesterday and the low of the day (1224.25) was less than the support(1225). We'll see what tomorrow brings.

Today's analysis and plan for tomorrow. Current position: Short 2 ES. One was opened at 1236.75 and the other one was opened at 1232.75 (this morning). My stop loss on 1st one is 1245 and on the 2nd one is 1237. I'm moving my stop loss on the 1st one to 1237 too. I beleive tomorrow is...

Plan for Monday!!! I will add another short position tomorrow morning looking for a follow through on the downside. I will cover the position EOD tomorrow but will still keep my current short intact. Although I initiate a postion based on the momentum patterns and price action itself. I do...

I willl use market orders only. If I'm bullish and think the market will go up 20 pts. I do not see the need to save a quarter pt and I'm not trading a large numbers of contracts where my buy/sell will move the market. Although the trading is based entirely off of price action. I will monitor...

This is going to be my another attempt to keep a journal. Have tried few times but was unable to follow through. The reason is entirely selfish. I have a workable system but have taken profits too soon and I have traded my opinions several times which have hurt my P&L. There are no...

1225 $SPX Cash?

If you look at the 10 year notes chart, you'll see that the notes started their move up in the 3rd week of March. A month after that the stock market started its move up. By your analysis the stock market should have been down during the time when the bonds were up. It did not happen. I'll...

1 Hr. ago from Bloomberg Crude is up in after-hours trading http://www.bloomberg.com/apps/news?pid=10000102&sid=aM_bSTp98dno&refer=uk

You mean 10 year Notes chart?

Short ES at 1215.75 with a stop at 1218.75. This is to test the water. I think we are headed lower but the actions of the past two trading days make me a little nervous to be short here. Just following the signals. We'll see how this works.

"It ain't bragging if you can back it up". Nice call. 1225 ended up being the high too.

Computerized Trading: Maximizing Day Trading and Overnight Profits--- edited by Mark Jurik and published by NY Institute of Finance. I have been reading this book for the last few weeks. There are 4 sections and 18 chapters written by 18 people. The four major sections are: 1. Basic Trading...

I tested the strategy, it did not work so well.:confused:

Not the mathematical testing, although I have been watching the SP and DJ index (not the futures) and and they seem to work. I will test this soon, maybe this weekend. Can somebody get me 5 or 15 min intraday data for YM and ES for a month, a year would be better. I got this method from a guy...

Here is a simple YM Trading Strategy. Compare YM to ES. If the change in YM is less than 8 X change in ES, go long YM. If the change in YM > 10 X ES, go short YM. for example: If the YM is up 100 and ES is up 9. Look for a shorting opportunity, with an initial target of {100-(9 x9) =19...

Well I did not short the stock but I did put on a bear spread. I'm long 80 calls and short 65 calls. I know my total risk. The reason for the trade was a divergance play. I pretty much followed no_pm_please's emini divergance strategy and tried to use it here. All I need is some profit -taking...

Selling TOL here, testing my strategy!!! Will see what Monday and the next few weeks bring. Will short below 75.25 with a stop @ 80 and target of 63. Nothing better to do on a Saturday night than work on trading strategies.

Are you always in the market either long or short? When you close your short position do you go long?