50 pts in the ES

i am also in the middle of his first book, and i find it to be interesting. i am currently learning the markets (in undergrad), and reading all i can. so far it seems unlike most of the other fluff books i have read. any other recomendations?
 
...for me it's a pretty short list after that:

Schabacker, Stock Market Profits (out of the '30s, very cynical)
Kaufman, Trading Systems and Methods (the Bible of systems)
Farley, Master Swing Trader (veeeerrryyyy deep)
Babcock, Guide to Trading Systems (out of print)
Katz and McCormick, The Encyclopedia of Trading Systems (really about system development)
Toppel, Zen in the Markets (aaaauuuuummmm).

Phoenix will no doubt respond also.
 
..yah, that's it. A riot from cover to cover. Roscoe here put me onto it, and it's a treasure. Don't take my word for it, PM him. I have asked my betters here numerous "stupid" questions about mechanical system development, and guess what, Babcock gives the EXACT opposite answers. Proof positive.
 
I ask that we stay on the topic of this thread which is TheStudent's journal of 50 pts in the ES. If someone would like to start a thread of books or where to get them please do so elsewhere. Or you might check the Trading and Resources forums where there have already been many discussions of just that topic. Thanks.
 
Quote from Magna:

I ask that we stay on the topic of this thread which is TheStudent's journal of 50 pts in the ES. If someone would like to start a thread of books or where to get them please do so elsewhere. Or you might check the Trading and Resources forums where there have already been many discussions of just that topic. Thanks.
More...

:)

on that note.

S @ 1041 (10.00 EST)
C @ 1039.25 (10.07 EST) + 1.75pt

Looking to short again.
 
B @ 1035.5 (10.35 EST)
S @ 1030.00 (10.43 EST)

- 0.50pt

The weak downtick shook me out. I keyed in a market order on fear of a plunging tape.

Wasn't strong enough - I should have placed a stop limit just below the low of 1034. That would have been a better place to put a stop.
 
I guess the market rewards patience ... it has turned down to 1037.00 after I closed out my short at flat, 1039.25.

My original profit target was 1037.75. It did get there, but I suppose in the afternoon session, momentum slows down and I should give the trade more time.

I am going to spend a bit more time doing research on the ES. Will limit myself to one more trade today, if at all.

Still think that we are headed lower.
 
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