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Ammo, I am sure sim is useful to many people, but I just do not get the same level of sincereity in the sim as in real trading. I think its one of my shortcomings. Please give some pointers and specific criticisms on my plan. Thank you very much.

Excellent way to look at things! My future successful self will look back and say I did few things correctly and few incorrectly while learning to pick ES trading. I think the smarter thing I am doing is that I am posing this question in the forum of ES traders - hoping to get constructive...

I am trading real money. Following is my plan - will appreciate comments from successful ES traders here. Will appreciate more if someone throws in successful hints to trade ES successfully. Please don't comment if you are yourself not successful - otherwise, it will be a case of a stupid...

Me too betting on lower. Where is your stop ? Caution: I consider myself and am truly a novice as far as trading ES is concerned :eek:

Thank you :)

So, you referring to the close 2 days back. Correct ? because on Friday ES closed at 1220ish.

About ES: Till end of Week10, I was down 1900$ trading ES. I don't have any edge to trade ES, and trading something without edge and with a 'small' account, leads to such losses. I made 600$ trading ES this week. I am modifying the rule to trade ES per 5k account equity. What I need to...

Update for week 11 ending Oct 15, 2011 : +2300$ for the week. 5th positive week out of 11 weeks. Largest dollar positive week and Largest percentage positive week till now. Also, largest single day percentage growth in account equity. :) I left around 1200$ on the table more, but I can...

Thanks Josh for writing out your thoughts. Yes it was to a large extent hard luck for you, you just missed 19.75 by a hair it seems. Have a nice wknd

Sorry to hear. How did you know there will be a pushdown ? Was it just guess, or experience or some other reason ?

Eventually, it went higher, but I wasn't so successful in deciphering the price action before that. Net net, I managed to lose around 40$ or so. Closing books now. Good Weekend Gentlemen!

yes, but you better be on the right side of the event, otherwise you will miss the real profits. Guys have been long usdjpy for months hoping that it goes up but its not budging. Profiting from BoJ actions also means that you don't sell rumour driven rallies like this, because eventually someday...

I was so wrong :eek:

I think LOD is done. We going to go up from here. If I am wrong, it will tell me to trust my market read a little less.

I found this one on wsj.com. Doesn't seem like a serious measure. Unofficial leak about putting a floor usdjpy > 80 or something ?? You think a big economy like Japan can do it ? http://online.wsj.com/article/BT-CO-20111014-707888.html

very very painful, but I moved the stop to 1206.5, got out for loss of 100 bucks. Again attempting long, trade entered at 1211.5, wide stops and target. Another thing that should favor long here fundamentally is the expectation of IMF doing something this weekend for Europe

link please

Both. price action, prior support above my stop, and higher retail sales number....anyways with what is happening in the stock market oflate, lower cons. conf is not a surprise.

I think its going to end higher and won't go lower than 1209. So changing my trades. Will take only 1 trade today. Edit: stop 1208.5, target 1224/25

long 1213.75, stop 1210, target: probably 1219.25