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Agreed I thought (at the time) it was a good long entry as well. For now though, I just use two full stop outs in a row as my safety net to stop trading for the day.

Long 2 contracts at 1286.75 Stop 1283.75 Target 1 1291.75 Target 2 1296.75

Moved stop slightly ahead at 1295.50 and just got stopped out. 1 contract +5 1 contract +5.5 Currently flat. Have short setup at 1301.25, and am waiting for a new high to form in order to setup a long (current long would have been hit at 1293.50 while still in the trade)

Target at 1296 hit, trailer on.

Filled short 1301 with stop at 1304, targets at 1296 and 1291.

First trade full stop out. Current orders are bracketed against the market Long at 1286 Short at 1301

Quick update on this trade. I've pulled the remaining sells at 1302, 1305, and 1308 and am short 4 contracts at an avg price of 1290.125. Stop at 1315 Targets are 1264, 1247, 1226, and 1204.

I use r:r on trades that have lower win %'s. I keep stats on new systems until they have either proven themselves (whether good or bad) or they have made enough profits that the setup won't ever give back all the profits. r:r can definitly be misused as a crutch to get in a trade. (ie. The...

Here is the first trade setup with the live money account. I'm going to bed, so I will just be placing the short overnight (since it is closer to the short then the long) Short 2 contracts waiting at 1288.50 3pt stop at 1291.50 Target 1 1283.50 Target 2 1278.50 If target 1 is hit, a...

What I find more frustrating is the market leaving you behind. ie You wanted to get short or long but the market moves before you get a position on. Sometimes I can't find a good r:r entry, that is when I will scale in like I did with my short entry the last few days. In hindsight, the...

FWIW - The only market I scale in / scale out is ES. Everything else its all in all out.

Just don't want to miss what I think is a potentially very big move down to 1200. I'm willing to take some heat on the first few contracts before we really get to my target sell area of 1298. I'm just not sure if we will even get to 1298...

Got the 1288 off and also 1292 off (high tick of the day for now) nice trade OT

Keeping all limit sells and stops as is. Trade is by no means done but if you take a look at this trade so far, we got less than 1pt of heat. Most of my r:r trades are from 3:1 to 4:1 (actual stops). However my r:r on actual heat can sometimes be around 10:1. Perhaps I should reread...

True, at the end of the day its all about the actual profit/loss rather than the live call. Its just that there has been so much confusion regarding r10 that I'm going to post screenshots at least for the first little bit.

I don't mind go ahead for now. If it gets to be too much, we may as a board collectively to not allow it. I post my trades on ES journal when I can but I trade a lot of markets that sometimes I'm too busy to post. Here, I will only be posting R10 trades and any I miss or can't call live...

No worries, I consider it everyones journal. I just wanted to start a journal for discussion on R10 and different ways to trade it. Its been interesting so far. I would be curious on how your trades are going, ie like winning percentage and avg profit per contract. I plan on posting...

3 others not mentioned Glenn Dorsey (Chiefs, DT) - They are already double teaming him in preseason. Jonathan Stewart (Panthers RB) - see his highlights from Redskins preseason game James Hardy (Bills WR) - if they can figure out the qb job. Also Jake Long (Dolphins) - if you...

I lost money on BSC puts (naked) I posted it in this journal. I wasn't asking for kudos, I was saying nice call I was there with you for at least some of the points. That's all.

Sorry to see you go OldTrader, thanks for the contributions. I'm sure I'll see you on the ES Journal.