Eclectic

Update on Banked Journal Trades:

ES +41.5 points ---4 trades 3 winners
NQ +144.75 points---1 trade 1 winner
Sugar +47 ticks---2 trades 2 winners
Aussie Dollar Futures +184 pips 2 trades/ 2 winners
British Pound Futures +236 pips 1 trade 1 winner
Euro FX Futures +387 pips 3 trades 2 winners
Heating Oil + 460 ticks 2 trades/1 winner
Swiss Franc +44 pips 2 trades/1 winner
Canadian Dollar Futures +483 pips 2 trades/1 winner
Japanese Yen Futures +96 pips 1 trade/1 winner
Cotton Futures +227 ticks 2 trades/1winner

Current winning percentage 16/22------72.72%--------26 round turn commissions




Update on Current positions:

Long Dec 10 yr notes from 110'305"

Short Dec ES from 1511.00

Long Dec Yen Futures from .88050
 
These times are always the most challenging. This post is with regard to the Dec Yen Futures. We've had a run and are in overbought territory. Typically there will be a few days of pullbacks and consolidation while the market decides if it wants to go higher. All the while. the trader gets more and more time to think about whether or not they should take profits etc. ie you watch your profits be given back. This is why I recommend not looking at unrealized gains and simply focus on the chart---We are in an uptrend. --It has not reversed--It has not taken out reaction lows-- I may give back gains and perhaps the trade could become a loser, but while the trade still makes sense, I will disregard any emotions to get out. I will also not add any positions. That is why I am in full position here from the get go. Less decisions. less chance for error. You'll notice that on my last currency trades, I doubled and tripled my positions as they gained and I basically choked off profits. --It's not a good idea to scale in or out. --too many decisions. :)
 
Quote from Buy1Sell2:

For now I believe that it was a good decision to exit the March Cotton long. See attached chart.
More...

I am most pleased now with the decision to exit March Cotton. Mind you, I am still bullish overall, but perhaps I'll be able to get a good entry next time. :)

Yen, ES and Notes all performed well today. I see no reason to pull the plug on those just yet--
 
Yen, Notes and ES looking good here this morning as I rise. RIght now I just need to hold my positions and look for continuation. Reminder--I started these trades at full position, so there will be no adding. :)
 
b1s2,
I want to thank you for your two wonderful journals and I wish I had discovered them a while back. I tried to read as many posts as I could but certainly not all of them so please forgive me if you have covered these questions before:

On one of your posted charts I saw the Parabolic SAR indicator, are you using it either for entry or exit and in what time frame?

How do you calculate the overnight stops?

Are you ever looking at seasonality patterns, like the ones provided by Moore Research Center, when deciding which contracts to look at and have you ever considered spreads where seasonality seems to work best?

Hope I am not bothering you with all these questions.
 
Quote from kahai:

b1s2,
I want to thank you for your two wonderful journals and I wish I had discovered them a while back. I tried to read as many posts as I could but certainly not all of them so please forgive me if you have covered these questions before:

On one of your posted charts I saw the Parabolic SAR indicator, are you using it either for entry or exit and in what time frame?

How do you calculate the overnight stops?

Are you ever looking at seasonality patterns, like the ones provided by Moore Research Center, when deciding which contracts to look at and have you ever considered spreads where seasonality seems to work best?

Hope I am not bothering you with all these questions.
More...


No time to comment right now, but I will at a later date.

Long March Coffee here at 1.2630
 
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