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  1. M

    ES Journal Archive (2006 - 2008)

    I just can't short a day like this until late in the evening. Im seeing a break out from balance with big gap up and in a daily uptrend. No way i can short this monster just yet as for me the odds are against me. Wider stops on this one. Scaling out now. Out of 2 at 83. Trailing...
  2. M

    ES Journal Archive (2006 - 2008)

    Thank you very much mbusch - been having a little bit of luck on my side recently. Well you know what that means - time for a big loss day lol
  3. M

    ES Journal Archive (2006 - 2008)

    Out last unit at 75. Nice trade to finish the day - new high of the day as expected.
  4. M

    ES Journal Archive (2006 - 2008)

    I wish i had kept all 5 - blast off time - out one more at 70. Still hoping for a new HOD. Trailing stop - wont mind getting back long on any retrace. :D
  5. M

    ES Journal Archive (2006 - 2008)

    Prices getting dragged down and the rally from yesterday evening retraced nicely. Time to go long and scale out as things go my way. Out 2 at 67.75 - leaving the other 3 with tight stop. Out 1 more at 68 - don't feel great about this trade, maybe another test of the bottom here
  6. M

    ES Journal Archive (2006 - 2008)

    I think we will see a move to 67 today - that rally yesterday evening will be retraced - i have been playing short side so far this morning. However, things may change any minute. Took my shorts out at 69.50 - still think we will c 67 today but this may be a rally up here. Damn - exit was...
  7. M

    ES Journal Archive (2006 - 2008)

    FOMC minutes
  8. M

    ES Journal Archive (2006 - 2008)

    This has been very good day for me, sold the other 2 long contracts previously. Like Spooz i had orders which did not get filled first time round but 2 got filled on the retrace back to 64. Still expecting new highs of the day - but out one at 68.
  9. M

    ES Journal Archive (2006 - 2008)

    Well i would rather we both got some nice gains with the longs - now parameters have been hit so higher probability long for my system anyway. Tight stop in place and exit if things change. Out 1 here at 67.50, holding other 2 for new HOD.
  10. M

    ES Journal Archive (2006 - 2008)

    I was long from 65 but out now - has not hit all my parameters so expected some more downside before i get long again for higher probability long. Guess it will blast of now that im out lol :D
  11. M

    ES Journal Archive (2006 - 2008)

    Ya i hear ya - but certain parameters in my system have been hit, so nice probability short in my system anyway. Also, gives me nice risk to reward - only lost 1.5 points on last short so as you can see i get out quick when my parameters change. See ya im out of here , 1 tick loss on last...
  12. M

    ES Journal Archive (2006 - 2008)

    Okay shorting again - 71.75. Target 63-60 - still up for the day so as saliva said betting with the houses money. Tight stop - if this fails im done for the day.
  13. M

    ES Journal Archive (2006 - 2008)

    Gettin short now - full position. With a close stop, looking for 1560 as target. Damn - Bulls are just too strong. Still in the position, stop at 72. Out at 71.25 - no shorting this bull.
  14. M

    ES Journal Archive (2006 - 2008)

    Sorry i missed the attachment on the last post.
  15. M

    ES Journal Archive (2006 - 2008)

    Don't you just wish the volatility would come back sometimes :D ES is proving to be especially slow but im finding it highly tradeable. Don't have a clear directional bias today, took the morning trade based on a number of parameters and target was top of the wedge. Took 2 out at 1554 and...
  16. M

    ES Journal Archive (2006 - 2008)

    I don't know how others use BBs but i use them as such: I have them on all timeframes - lower bollinger is set at 2.3 as when it goes down it goes down quick. On the 1 min timeframe BBs represent areas of chop and simple scalping opportunities during quiet times. On the 5 min timeframe...
  17. M

    ES Journal Archive (2006 - 2008)

    Ya me too - i like my BBs - also RSI sometimes on longer timeframe and moving averages to show some extra confluence when they land perfectly on S/R regions. Apart from from that - never used things like MACD and even stochastics. They all lag no matter what anyone says!
  18. M

    ES Journal Archive (2006 - 2008)

    Did you guys take this long signal - head and shoulders breakout on 5 min chart. If it holds target should be aleast 1450. :D
  19. M

    ES Journal Archive (2006 - 2008)

    Thanks for the advice guys. I have taken much consideration over the matter and have decided to get rid of my daily and weekly targets - as you guys said, the markets are dynamic. Hence, with daily targets this forces me to make trades to meet the quota when probability of winning is lower...
  20. M

    ES Journal Archive (2006 - 2008)

    I agree my targets are very small - you are correct in that $1500 loss would wipe out most of my gains from the previous week. I am still trying to find the right approach, my account size is relatively small - i have capital behind me to increase the size but i am waiting to see if i can...
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