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yes touched 3 times and failed. We need to break it decisively for any upward momentum. Currently trading with no clear direction.

long 1393.5, immediately after taking this long, price went to 1392 - hard luck. Stop 1391, target 1400

Yes I think so above points are very practical points. I didn't do anything like this last time. But if the problem persists, I will have to rethink the approach. Btw I think undercapitalization is another problem rather than having some equity. Think like this - If I have 20,000 in my...

First, dom993 thanks for being a keen follower and posting very insightful commentary. To ShanB and others - post of dom993 sums it up very well - especially the second paragraph. He precisely nailed the reasons for divergence between actual trading and systematic trading, especially for...

Update for week 5 ending Apr 27, 2012 : +200$ for the week. Screwed up trading ES on Fed day, I had a valid signal to trade on Fed day but didn't take it because it was a fed day and I haven't done enough research to see the validity of that particular signal on Fed day. Sounds reasonable...

Mickson, Sharpe of 5+ is possible on a small account. I know multiple people who exhibit such or even better sharpe, especially for a small account. Its not fair for you to question OP's integrity without any basis. Also it is still only 4 months, his sharpe might go below 4 or even below...

Thanks I feel very appreciated :) When I took that trade I was thinking of a target either around 98-99 or around 1403-05. However I got duped by market and sad fact is that I sold the position at 95.75. Edit: So I planned the trade well, but I didn't trade my plan :(

out 95.75 now bidding 1390.25

long 94.5, a bit risky but strong support at 93

Reduce the risk on your physical holding of gold. There is no reason to take any risk that can be hedged and won't give you any excess return for even 1 extra day. So, I would do it today (asap) if I were you! 1. Divide your gold holdings and store them in two different bank branches of too...

so amazon blasted earnings estimates...stock up 8% spain cut to BBB+ from A. So sell ES and Euro and buy NQ is the spread trade. for straight trade, Sell ES and Euro.

out 95.5 EDIT: I have gone short 1 contract NQ at 2721 and plan to keep it overnight.

itseems I am a bit early but short 1392.5 Edit: I needed to wait maybe 10 seconds and I would have got a price of 1393.5 ....:eek:

Its hard to manage a full time job with a proper trading operation. But can't you manage to login in your office or if it is not possible to get off your seat, get into a corner and place the order on your mobile ?

ES has no strength left. I can't keep overnight short, otherwise shorting here with a 5 point stop and 20 point target would be a good trade.

so I went short at 83.75 and am now out of this trade at 83. There was no significant downside momentum.

Many Thanks that was a very important piece of data I was missing :)

for a target (before fed announcement) I am looking at around 1375-77. If we don't start to continue down fast, I will be out of this trade and then no more trades till 230 EST or so.

out at 83.75, would have held the trade but today is a fed day and after ES started dropping sharply after touching 86.75, and with the overall trend down (at least till yesterday) I am not sure if holding it is wise. Probably will look for short setup now. Edit: now short 1383.75

it will come with experience. Ammo has 25 yrs of experience, so you will get there....oflate it seems that your ES trading has improved.