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11/21/2002 Trade #1 Went short at an average price of 928.33 around lunch time, and was forced to cover at 934.00 for a loss of (5.67 x 3 x 50=($850.50).. Darn market would not quit going up today. Trade #2 Went long @ an average price of 932.00 and held for an average price of 934.91...

Reminds me of Caddy Shack.

Thanks, pretty rare event. I skipped first trade is the reason I beat it. No trades yet this morning. I need to get a gap trade going, because too many of these are following through lately. Waiting for the breakdown during the noon hour to enter short.

You mean we won't have to type it anymore? Cool. Today: Wednesday, November the 20th (Update at 8:45 EST). Currently, there is a data outage with the Emini data. Both the S&P emini and Nasdaq emini are affected. The engineering department is aware of the issue and working to resolve it...

I can't get Qcharts to load the last 30 minutes of data today? I've switched servers many times. Anyone else having this problem?

Looks like your systems are doing well Wally. I need to think about creating another one that performs well during the range days for diversification. I hope you do start a journal. It's interesting to read about other peoples approaches to the market.

Good job Wally. I assume you mean 12.83 points per contract and not 3 x 38.5 points? If you did net that much I need your systems! :D At that point yield, I could screw up and still make money.

11/20/2002 Trade #1 Skipped the first system trade which was short at yesterday’s close of 898.00. This trade would’ve resulted in a loss of 2.75 points. I’m skipping these because they are continually losing this month. Trade #2 Went long @ 900.75 and finally got a little trend...

I'll admit my system is based on this theory. Looking at this months results though would tend to support Aaron's theory. I try to breakeven in the chop and hold the outliers. The problem is no outliers this month, as well as poor discipline. :mad: I think you are on to something though...

Let me know when you get one of these signals again and I'll up my contracts. :D

915 on the ES must be very intimidating, as the index plummeted quickly after touching it. We either break through hard or this is the HOD.

Towards the end of day, I use the bottom of the 30-minute bars to trail with, eventually cutting the bars in half towards the very end.

I do move my stops just as you say. My rule has been a 5-point reversal and then retest of S/R constitutes a pivot point at the low of the reversal for longs. The 5-point reversal I believe is too large for this market, and yesterday left me long when I should've flipped at 900.75 (if I had...

Good stuff Deron, keep it coming. Your thoughts on the future would be interesting as well. Which S/R points you are looking at for next day, etc.

That's an idea Wally. Take a couple contracts and take all signals. If it moves against, but not to the stops, then add another. It's hard to tell if this would improve or decrease the performance? Some months the breakouts are so strong there is no chance of getting in later, but this month...

I'm sitting here with a 9 point profit on 2 contracts, but my system says hold still. With 9 points being an amazing move in this market it's tough to sit still and not sell. But in the interest of following my system, I've moved my stops to a tick above breakeven awaiting the next signal...

I'll give your advice a try. Currently I try to use alarms and not watch the charts until a price level is reached, then I move my stops. I'm going to look into automation soon I think if I can't follow it myself.

Thanks Allen. As the disparity grows between the system and myself, it's making me more determined to not break the rules. Today wasn't too bad, but I need some work. I agree that this is a game of statistics and you can't know the outcome for sure, so you should keep your hands off and...

That is correct (LOL). And I think that's why most traders lose money even if they have a winning edge. They hold the losers just fine, but fold too easy on the winners. Hopefully my losses can help somebody see how useful discipline is.

Couple links I found using the search feature: http://www.elitetrader.com/vb/showthread.php?s=&threadid=10921&perpage=6&pagenumber=2 http://www.elitetrader.com/vb/showthread.php?s=&threadid=10511&highlight=firewall Another idea is to install a modem on your computer and go through a...