2 Steps Forward 1 Step Back

[DraXon]

Today's results:

10:03 Short ES @ 924.50
12:02 Exit ES @ 922.50

* Reason for entry: didn't look like gap was going to fill
* Reason for exit: 4 point trailing stop

14:00 Short ES @ 918.50
15:37 Exit ES @ 914.50

* Reason for entry: steadily heading lower
* Reason for exit: support level

Total: 6 points

 

[DraXon]

Quote from daniel_m:



you decided this at what time?

At about 11:15 AM or so.

 

[DraXon]

Today's results:

09:45 - Long ES @ 923.50
15:20 - Exit ES @ 937.50

* Reason for entry: didn't look like gap was going to fill
* Reason for exit: didn't want to take an open position home

Total: 14 points

 

[candletrader]

If ever there was evidence that simplicity works, your trading is it

 

[dbphoenix]

Quote from candletrader:

If ever there was evidence that simplicity works, your trading is it

Simplicity and balls. Never in my wildest dreams would I enter a trade just before the simultaneous release of three economic reports. That's WAY outside my risk profile.

Bawk! Bawk!

--Db

 

[DraXon]

Today's results:

09:33 - Long ES @ 950.50
10:02 - Exit ES @ 950.50

* Reason for entry: Looked strong. Runaway gap?
* Reason for exit: 4 point trailing stop.

10:02 - Short ES @ 950.50
11:37 - Exit ES @ 938.50

* Reason for entry: Reversal entry. Gap fill?
* Reason for exit: 4 point trailing stop.

Total: 12 points

Just a question for all you readers . . . am I providing any value by posting my trades?

 

[Corallus]

Quote from DraXon:


Just a question for all you readers . . . am I providing any value by posting my trades?

Absolutely. You are proving that a good trading strategy does not have to be complex. A lot of people, myself included, could learn much from your example.

 

[DraXon]

Today's results:

09:35 - Short ES @ 926.50
12:42 - Exit ES @ 922.50

* Reason for entry: Trending down.
* Reason for exit: 4 point trailing stop.

Total: 4 points

 

[DblArrow]

DraXon, Curiosity, do you trade off the charts you are showing, with no indicators?

That is the position I would like to be in - simple.

Make 'em pretty, Chris

 

[DraXon]

Quote from DblArrow:

DraXon, Curiosity, do you trade off the charts you are showing, with no indicators?

That is the position I would like to be in - simple.

Make 'em pretty, Chris

DblArrow,

I don't use any indicators at all. I do, however, filter the noise out in my mind.