Clowns ES Daytrading Journal

Quote from ESclown:

This is interesting action. Makes me want to jump in long to test 84 again.

I might have to go early so here is tally for the day:

9x9 ES traded.

Net 14.74 Pts
More...

Terrible morning started with 4 small losses in a row. One nice winner and i was back on track. Market had been very kind however.

10x10 ES traded.

17.5 ES points
=$827

Clown has been doing quite well since inception of the journal. The journal has really enabled to stop losses very quickly. As you can see from my trades i do need a good market to make good money.

Chop days can kill my trading.

Good trading to all - will post some charts a little bit later. Have to go out and go boxing now.
 
Okay here are a few charts of what zones i will be watching today.

I would love this to sell of and then go straight back to 83-84 value zone.

Price is approaching my first 15 min zone at 70 right now.
 

Attachments

The reason why i tool shorts of yesterdays highs can clearly be seen on the 60min resistance level and the 15min channel top.

A swing short of those levels would have netted nearly 20 points.
 

Attachments

I am still bullish here unless i see a major trend change. The market is probably attracted to the 1400 zone - it will have to make a run for it hopefully sometime this week.

I might short the temporary weakness today when markets open but if i see a turn then i will be holding longs to the 83-84 zone for sure.
 
Quote from ESclown:

Okay here are a few charts of what zones i will be watching today.

I would love this to sell of and then go straight back to 83-84 value zone.

Price is approaching my first 15 min zone at 70 right now.
More...


Missed that first half hour - looks like 71 was the low, so that first zone has provided a decent bounce.

However, this 79 level may offer some good R.
 
Quote from ESclown:

Missed that first half hour - looks like 71 was the low, so that first zone has provided a decent bounce.

However, this 79 level may offer some good R.
More...

One push higher and i may even start putting my bear hat on. I'm seeing something develop on longer term charts indicating down move. Hm-mm we shall see - trend on 1min still up.
 
Short 77, tight stop. Silly counter trend

Very poor entry on this but i want to catch this move if there is going to be a downmove. May have to re-enter on this one.

Target is 70.
 
Quote from ESclown:

Short 77, tight stop. Silly counter trend

Very poor entry on this but i want to catch this move if there is going to be a downmove. May have to re-enter on this one.

Target is 70.
More...

Man did i see that late. I have terrible R:R, i should have been short closer to 80 on this trade. Now im stuck as this can retrace and stop me out.
 
Quote from ESclown:

Short 77, tight stop. Silly counter trend

Very poor entry on this but i want to catch this move if there is going to be a downmove. May have to re-enter on this one.

Target is 70.
More...

Stopped 78.50 for -1.5.

Bad entry means bad R:R and usually means bad trade.

Will re-enter quickly if i can.
 
Short agains at 77.75 as trade still valid - very tight stop however.
Maybe i should wait for 83-84 zone before shorting.

Stopped at 79 for -1.25
 
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