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Yes, greed took me over again. Not taking gains and overtrading are two things I NEED to stop. Took a 6.75 point loss today. Granted, I AM just getting started so it's my lesson cost.

+1

Are you setting a trail? Just curious what your exit strategy is.

Went long at 52.25 about a half hour ago. Looking to squeeze what I can out of this one. Help make up for the net loss on the day.

I'm using a 5-8-13 bollinger on the 2 minute and getting killed after 2:00 here.

Long at 1459.75. Stop at 1456.50 target 1463.50

I'm short with a tight stop at 1458. Not looking good for me.

Short at 1455.75. Stop at 1459, target at 1453.50.

Thanks, I held out for 1454. Shouldn't have, but I did anyway and got it.

Bottom fishing here. Long at 1451.50. Looking for an exit around 1453. Stop at 1448.

There's some speculation that the sell off is due to the new 2008 0% long term gains for low tax bracket investors and also the very wealthy tend to take their 07 gains in the beginning of 08 so they don't have to pay taxes on them until 09. All of that is pure CNBC speculative malarky...

It seems that every time I try to go long on a down day or short on an up day I lose out. I don't know what your system is like but perhaps not going long in the downtrend is the problem.

Went short at 1459. 2 minute bars, looking for an exit around 1457. edit: got it at 1456.75.

I did two trades on the 31st. I increased the size of my stop and I think that really helped me. Also having confidence in the system helped to and I learned a lesson never to trade against the trend. My first trade was profitable with a short giving me 2 points but then I tried to play a long...

Thanks for the advice. I would love to use some sort of remote desktop (VNC, Logmein, etc) but we have an extremely tight security policy and it restricts me from getting it working. I'm really crafty to and thought I could push through the firewall to get SSH to work properly but alas I failed...

Interesting, I"ll be sure to look at these time frames closely. Mucho gusto, I'll take a look at that. I'm sorry if I was misleading. I don't work for an Energy firm that deals in Oil. I work for an Energy company that owns two local Gas and Electric utilities. We have a good deal of...

Coming from Schwab I really enjoy their platform. I cannot compare them to other Futures brokers though. It is Java based which you can make of that what you will but that is good because I can use it on my work computer where I likely could not install Tradestation or something else similar. I...

Mark, thanks for the reply. (also to bandit) Frankly I chose it since I took some time off of work and had the opportunity to get comfortable with it. I was thinking last night that the lack of volume could be an issue as well. I am glad you bring that up and was thinking of waiting until...

Here are the trades from yesterday. More trouble but I am starting to get a real feel for how the ES moves. Now I just need to refine my entry/exit points. I would have made me day at the slide around 1:00pm but I was in the bathroom! Cars Entry Exit Ticks Gain Initial...

There was not a real specific reason why I chose the ES over anything else but I just checked and it doesn't look like my broker (TOS) has the ER2. It may be that my stops are too tight. I was using a couple points as 2*ATR(10). Perhaps I should increase that to 3. 3 would be more in line...