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Short 12 E6 @ 1.2392

Loss on last trade: -$300. Sat with this trade for a few minutes. When it appeared to me that price was not going to re-penetrade my entry and make new intra-hour lows (my original expectation), I bailed. As I write this, price has travelled up to about 1.2424, and returned to the 1.2418...

Buy 12 E6 @ 1.2418

Thanks for the feedback, trendtech. Not sure what you mean when you write "you seem to be very confident in your system to trade like that." What is the "that" to which you refer?

First trade of the week. Was supposed to be 10, but data entry error has me short an additional 2. Normally, I would correct any technical error as soon as I notice it, but the 2 contract difference is relatively minor, so I have left it as is.

Short 12 E6 (Euro) @ 1.2416.

trading_time, Something about my post regarding entries seems to have struck a chord. Let me say this: Swing traders and those who trade longer term are not obsessive about their entries, and rightly so. They build an opinion about where the market's going, and will hold on to that opinion...

I have not traded since my last posted trade. 1) I felt out of sync with the market and didn't want to do anything foolish. 2) We had a little birthday party for my daughter, for which another daughter baked a beautiful cake, and I didn't want to get myself attached to any trades that might...

The size and speed of the subsequent selloff (pullback?) in ES caught me off guard. I only took 3 contracts on my original entry due to its counter-trend nature, and had planned to add another 3 if the market would allow me at about 774.80. When ES came down about 3 points in a big hurry, and...

Sell 6 er2 @ 774.70 (Scratch trade)

Long 3 er2 @774.

Long 3 ER2 @ 775.40

Loss on last trade: $320. Profit on day: $1790 I exited that trade without letting it reach my stop. When I saw on the 1-minute bar how price wooshed down almost a full point, I knew I wanted out. At this point, there was a good chance ER2 was going to resume its weakness. I was, however...

Despite a somewhat significant pullback of over 3 points in ES, ER2 has (had?) not displayed its prior weakness, setting itself up for a nice move up on the (potential) resumption of the uptrend in the equities. As you can see my timing was way off on this one. That spooked me. Sell 4 er2 @...

Long 4 er2 @ 780.70

Profit on last trade: $1560. Profit for day: $2110 I exited this trade here simply because, IMHO, the Russell was not reacting with enough force to what amounted to a very nice push up in the ES. As I wrote before, I was wary of the Russells apparent weakness thus far, and took my profits...

Sell 6 er2 @ 782.30

Despite what I wrote about er2 displaying weakness, ES seems poised for a potential breakout. If so, ER2 will not be able to hold it back, and will ultimately join the party (perhaps in a big way). If however a breakout fails to occur in ES, watch out, because Russell's weakness might see it...

Long 6 er2 @ 779.70.

Profit on last trade: $550. The trade was decidedly counter-trend (short term). I gave it very little room, and almost bailed when the Russell peaked its head above 782. However, the Russell had been the weaker of the pair for the previous 1/2 hour, and had failed to react significantly to...