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Absolutely. I won't have time today but I'll try to do it tomorrow, if not next weekend for sure. So far it is 6 trades 3 winners and 3 losers. Net 8 pt loss. The thing is there was 1 trade that was a loser right away but all other trades showed a profit of 4-8 pts. before revesing.

I'm going to change the exit strategy a bit. I will take profits at certain value-ranges. My targets will be somewhere between 4-8 pts. I'm going to be out of town till Wednesday so I might not be able to update this journal till Thursday. Anyway 1292-1293 is the value-range for Monday.

Stopped 92.5

Sold @ 88.5

Sell limit 1288.5 Stop 1292.5

Sell at (( 8.30 Open + 1292.25)/2) with a 4 pt. stop.

Keep at it. I've heard that it was how PTJ sized his positions. I haven't had time to follow your Grains Journal but I think I can add some value to it in the future. I interned for a successful CTA.

Watch these two numbers: 1277 and 1287. If we get to 1277 before 1287, it'll be a range bound day. If we get to 1287 before 1277, it'll be a trend day. These are my new observations based on past actions. Will see if this will hold true today.

Well, I felt that I found a system that worked. I have been around here for years and I learnt a lot from ET so I wanted to share what I found. One month should do it.

Here is the range for March 10th. 1292.25-1293.25 The ranges are for the June contract. The price closed at 1283.25 at 4pm. The price did go up above 1293.25 but was rejected, so this will be a major resistance in the coming days to weeks. It is very unlikely that the price will try to test...

Not really!!! March ES closed at 1273. Thanks for the insightful contributions to my journal!!!!

You're absolutely right. Kinda like once bitten twice shy, except that I was bitten three times in a row. Actually, I knew what I was doing -- I needed to get few small wins in my bag to build some confidence. Atleast I know that my strategy works.

closed 1278.25

Stop moved to 1280.25

I realised that I should have shorted June contract after i made the trade. Regarding volume, I'll respond later. Thanks.

Sold 1280.25 Stop 1284.25

Thanks guys for the suggestations. Actually today I had moved my stop to breakeven after the first hour. Will need to do some work during the weekend and see what other exit methods that I can come up with. I think the high for the day is in place.

Sold at 81.25 for 1 pt. profit. The price is close to the Value-range for the last 2.5 hours and I needed a win too.

I'm starting to think if I should have 4 pt. profit target and 4 pt. loss instead of closing at eod. The last 3 trades all started in the direction that I had anticipated but they all reversed towards the end of the day and I ended up losing money on those. So far 3 trades and total of 7...

Stopped Out