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Looks like my decision to exit my ES short was quite timely as the market surged today. In other news my Dollar long position DX took a beating today.

Exited my ES short position for a negligible loss: ES Short -330 I did not wait for my stop loss to get hit. Looking at the weekly chart below you can see where ES tried to break the August lows and was unsuccessful. IMO, this dramatically decreased the odds of this being a successful...

ES tested the low made back in August and is bouncing up nicely now. Will re-evaluate this short position at the end of the week.

Big moves in ES and DX today! I have been holding this ES short for awhile now and my patience is paying off. My target is 1000 for ES.

nice work...let that baby ride!!

thanks keeptradin...good to be back! Yeah...it got within 5 pts of my stop. In this game, you have to be very comfortable taking a loss. Otherwise, you will avoid it and wind up in a hairy situation. Positions looking good. Just need to be patient for the move.

yes indeed. I accept that both these trades can lose and I can withstand the loss. As traders, diversification is not really the name of the game. Just need to make sure that all your positions losing at once is not going to take you out of the game.

Still short ES and long DX.

great day to be short ES and long DX! let's see if we can get some follow through on Thursday.

ES short is still alive! Stop order at 1221 has not been hit. I anticipate that once ES starts a swing to the down side we should get a nice move in the dollar to the upside.

My ES short is barely hanging in there and the DX long is looking solid as price action has been an orderly pull back from the highs. I am feeling good mentally...re-acquainting myself with the reality of trading futures (i.e. swings in account equity).

1221 is close to the high price since bouncing off the lows. If we go past that point I feel there is a good chance of us running to 1250.

ES short is not looking good...stop is at 1221 (December contract). Let's see what tomorrow brings.

Strategy continued... I will be primarily looking at weekly charts but will also reference Monthly and Daily charts. Current trades: Short ES at 1159 Initiated this a couple of weeks ago. Bought pull back off the bounce. I anticipate we will hit 1000. Stop is currently at 1225...

Trading Philosophy There are probable a few really good trading opportunities per year in any given market. The key is to be patient for those opportunities and strike when they present themselves. Strategy I will be trading futures contracts. Keeping my eye on a few right now but I...

Back in the game after a 5 year break. Brief History: Began trading in 2001. Left a corporate job in 2003 to launch my trading career. Traded full time for about 18 months. Toward the end of that period I had 5 automated systems that traded ES and NQ. Four of those systems were long...

cool article!

A good percentage of people believe 911 was an inside job, and most people believe we were deceived into the Iraq war. Because of this, I don't think another terrorist attack will have the same sort of uniting affect 911 did. fan27

I am in the process of researching something similar to this. Build a model based on buying strong stocks in strong groups in a strong market (ala Stan Weinstein...Secrets for profiting in bull and Bear markets). The similarity is that you are not buying stocks in isolation, but take...

Thanks for the info guys. All I need is to be able to get the stock data per stock group or sector. I can construct the composite data myself. I'll research the links provided. IMO, this is strategy makes sense and is worth the time investigating. thanks fan27