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I'm holding short Sept ES from 1363.00 overnight into the Goldman earnings and PPI. No stop until tomorrow AM. OldTrader

Holding short ES at 1363.00 from Friday. For now I'm placing a stop at 1386.00 until I can see how the day develops. OldTrader

Short a small position at 1363.00 basis Sept ES. Will set stop on Monday morning. Probably 15-20 points. OldTrader

In your dreams. OldTrader

I don't know much about the arithmetric versus geometric adjustments. But in terms of seasonal adjustments, the purpose was so that economists could measure one period versus another without getting distortion due to the time of year. The idea was that over the year these adjustments would...

Actually there appears to be considerable latitude in how the rule of 10 is applied. In fact, I think the data is cherry picked through hindsight. That applies not only to entry, but how you are exit as well. That said, it's only an opinion, and certainly would change to some degree if I had...

I agree with your post. This should be no big deal to remedy. However, my understanding is that the name on an incoming wire has to match the name on the account. I wouldn't even dream of doing what the OP attempted to do. How difficult would it have been to deposit it in his own account...

I'd be surprised if you saw that last target, today at least. Of course, it wouldn't be the first time I've been surprised either. OldTrader

Are you selling 1/3 at these targets? OldTrader

B1S2 has said that there is no requirement to post a trade. He's just laid out the rules in terms of posting trades for the journal. Those seem like good rules to me. I make some quick trades as well. I don't post those because the time burden would become too much. What I'm posting is...

How about that? OldTrader

Maybe the beige book has something important in it. But meanwhile, I'd keep my eye on the crude oil market. Up 6.21 in July Crude oil is pretty strong headwind. Oldtrader Edit: I currently have no dog in this hunt. I've been trading the sell side today, in and out. Nothing posted...

OK, sounds good to me. My only point was that there is no classicly defined chart support at 1340. Since I can't draw a picture, that would be where we had made a high for instance at 1340, retraced, then broke out above 1340. 1340 would then be considered support. OldTrader EDIT...

I'm not saying we can't rally. I'm just pointing out that there is no classically defined chart support at 1340 ES. It wouldn't be the first time that we bottomed at a point where there was no chart support. Chart support is not necessarily the same point that buyers show up. OldTrader...

What makes you think that that either of the trades you cited exceeds the 2% risk limit. Maybe they are both within the guidelines. Perhaps you can illustrate the logic you're using to make this statement. Can you show a trade that has an edge? How did you determine whether it had an edge...

Of course...but you knew that didn't you? By the way, I don't see any support there at 1340. Not that it might not bottom there, but no classically defined chart support. That said, it's a tough strategy to buy against the trend, support tends not to work well in those circumstances. My...

How do you define "edge", and what makes you think there is one? OldTrader

FWIW: There's an unfilled gap around 1336 on the RTH chart from mid-April. OldTrader

You mean if it doesn't go up, it's going down? LOL. OldTrader

Very nice. Why did you close it out rather than follow it down with stops? That's new for you isn't it? OldTrader