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  1. J

    Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique

    Fantastic! I also use bigger stops but then I also look at how much heat I actually take on a trade (if I had stopped myself out at the extreme low). For example: Have a stop of 6 points (ES) but the worst of the trade was down -0.5 and then proceeded to make 35 points. Do you argue...
  2. J

    Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique

    JSS, Did you get stopped out at +447, or did you decide to take profits there? I'm confused. Thanks, Jag
  3. J

    Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique

    My guns weren't ready :( I just got back from my trip late last night and I just got up. (I'm on west coast time). I had a long ES trade that hit at 1206 (not posted in real time so please disregard). I will be rooting for your trade and hope to grab the next trade with you. Its...
  4. J

    ES Journal Archive (2006 - 2008)

    take a look at this link from wikipedia, it might open eyes to global warming. http://en.wikipedia.org/wiki/Global_cooling There was concern that the earth was going to cool too much (my how time changes). I laugh when I hear people say that we are in a critical stage and need to reverse...
  5. J

    ES Journal Archive (2006 - 2008)

    Markets moving too fast on my slow hotel connection! Stop moved to 1239.50 and then proceeded to get stopped out quickly. No position for now.
  6. J

    ES Journal Archive (2006 - 2008)

    I honestly believe that we hit bottom today. However trade what you see not what you believe :) I strongly believe in psychological numbers. For me, 11000 is where I see a final possible bottom but I saw how nicely we bounced off of 11075 YM. That along with huge oversold conditions that...
  7. J

    ES Journal Archive (2006 - 2008)

    Long 10 cars 1238.75 on oversold conditions. Stop 1224. Looking to exit by market close.
  8. J

    Discussion of Crude Oil technicals- emotion-free technical conversation...

    This is where time decay starts to work in my favor. CLZ8 is $5 higher than when I placed this trade, however I am currently at breakeven (minus slippage and commissions if I were to exit) due to time decay on my options. (My short call has decayed faster than my long put) Still looking for...
  9. J

    Discussion of Crude Oil technicals- emotion-free technical conversation...

    Not so much with CL rising the past few days, down $1300 as of today with CL at $141.50
  10. J

    Discussion of Crude Oil technicals- emotion-free technical conversation...

    Yes. The play here is I'm looking to keep the credit spread of 1220 and have a chance for big bucks if CL can really roll over and drop below 125 support. However, I suspect that I will probably just keep the premium and both options will expire worthless. In my previous posts, you can...
  11. J

    ES Journal Archive (2006 - 2008)

    Probability not high, but rr is fantastic Long 1301.75 (3 contracts) Stop 1296.75 Targets 1318, 1324, 1330 Edit: Got me, stopped out
  12. J

    ES Journal Archive (2006 - 2008)

    Lets see what happens.
  13. J

    ES Journal Archive (2006 - 2008)

    Many people do multi day trades (including myself)...yesterday was a multi day trade, unfortunately I lifted my stop too tight and got stopped out (at least at a small profit) towards the end of the day.
  14. J

    ES Journal Archive (2006 - 2008)

    TM, Its been fun. Always liked your analysis. Sometimes I wish I had the courage to place small stops like you! Best of luck, I'm sure we will see you back on here at some point.
  15. J

    ES Journal Archive (2006 - 2008)

    Stopped out on remaining 2 contracts. Perhaps I could have been more aggressive near the top. Oh well, still a good day overall
  16. J

    ES Journal Archive (2006 - 2008)

    I think we are seeing a bear trap. Took out stops above yesterdays RTH high at 1328. Market then heads lower and people put their shorts back on, only to add fuel to the fire when they are forced to cover. We shall see, nice trades for those who caught the current top
  17. J

    ES Journal Archive (2006 - 2008)

    22 on the futures seems to be holding. im watching 20-22
  18. J

    ES Journal Archive (2006 - 2008)

    Moving stop to 1314 and locking in some profit. Targets still 1330 and 1338 for the other 2 contracts.
  19. J

    ES Journal Archive (2006 - 2008)

    Take a look at the 240m on ES. Tommy pointed it out last night. The 240m chart is a very powerful chart. Strong divergence on MACD (JSS favorite) and RSI (my favorite). I'm sure there are a few other factors as well that I don't look at...
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