Search results

1272 and rising

Neoxx Looks like your stops maybe too tight and you are dying the death of a thousand stops. If your only going for a pt or 2 you should get around 50% wins by tossing a coin. What is your rationale for your stop of 1pt? I havent been using stops and after Thursday I am trying to work...

The stock market participants are the most honest and wonderful human beings who would never seek to profit from any unscrupulous trading methods, insider info, dodgy accounting, or deceiptfive reporting. NOT But seriously, what keeps the market sort of honest is that all the market...

I trade ES after hours. Mainly becasue I live in New Zealand and I can be awake. There is plenty of movement but you have to be patient for entries. I set audible alerts [and sometimes limit orders] at my entry levels so I don't have to watch the screen all time. Try putting a chart of the...

Good question Simple answer is sometimes you lose. Even if you are taking a high probability say 70% setup you will still lose 30% of the time. If you were betting on a turnaround yesterday you would have lost money, but today you would have made money. You can choose whether you or...

5 Sep Long 1229.2 Closed 1234.7 +5.5pts For Sep -16.2pts Back to normal

Thansk for your message. I usually am relucatant to let a small winning position turn into any sort of loss, let alone huge one like this. But I simply got greedy I could just not believe that the market would tank that badly without one bounce. And I planned a heroic exit on a bounce...

4 Sep Long 1269.6 Closed 1243.2 -26.2pts For Sep -21.7pts Ouch, I will definitely be revisiting my no stop policy....

Well done guys, I've just given back all my profits from the last month,,,, Would have been better paper trading today...LOL

Thanks I don't have the 30 year on my platform. I can trade the 10year though. Cheers PS I'm long on the SnP at 1269.6......

Thanks for the feedback. The UK indexes open at 7pm my time and the spread is pretty good. The SnP AH futures move in sync with the FTSE100 but with smaller amplitude. Once the US markets start opening up they diverge a little usually the SNP will trend towards the previous close as...

Thanks for the reply I am trading real money but am doing the journal mainly for my own benefit, so feel free to make your own assumptions. Cheers

Palin is a master stroke to get the publicity away from any of the issues or the candidates. PS I'm from NZ. My point of view either of the candidates will just be puppets anyway... It all depends on who you guys want to be pulling the strings.

The dilemma of the hedge funds. They like to pretend they are strong hands but they all need leverage [ie trading on margin] to generate above average returns, so that makes them a weak hand per se. Everyone who trades on margin learns this lesson at some stage.

You'd have to be a far better trader than me for to be sucessful in those markets. I've looked at them including Singapore and Korea and Australian indexes and can't work them out at all. Am currently trying to learn oil, gold and silver. I occasionally do a little F/X. Cheers

I trade usually between NZ 5pm and 11pm local time which is the middle of the US night. I trade using CFD's which track the SnP futures pretty closely. There is usually enough movement AH to get one trade in before I go to bed, SnP moves around with the FTSE once it opens. I basically try...

Thanks Zodiac I'll just take it easy witht he position sizing. If I have a real edge the money will come, if I don't, I won't find out by blowing all my capital. Anyway 2 Sep Long 1278.6 Closed 1283.1 +4.5pts Total for Sep +4.5pts

With the price action around the hurricane I expect that the commercials are already fully hedged.

Summary for August 12 trades 11 wins average 4.2pts 1 loss average 14pts Total +32.1pts SnP +15.4 Cheers

Long 1277.8 Closed 1280 +2.2 Total + 31.6