ES Journal - 2012

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Quote from DanS:

anyone have an opinion on a short term move
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Triangle setting up (HL and LH). I'm guessing the first break will fail, but if not, should be a 2nd chance entry on the retrace.
 
Quote from Handle123:

#1 I was teaching a student at their house back then and they had gotten short just before, as I recall I was angry at them for not putting in the target when their computer locked up, they called broker to get out with a very healthy profit, sometimes luck is good, but not to be relied on.

#2 Yes, he is on pins and needles today, kept monitoring his blood pressure by nurse I hired for the week, but he made goal in first 30 minutes of the day, so at reduced amount all day and afternoon. Was hoping my health would turn around, but it hasn't, overwise I be day trading myself all day.



It can help several of generating new ideas, isn't that reason why these boards were made?

Again, I don't target 2 ticks, I target 4 ticks and 8 ticks. I RISK 2 ticks. Will get out earlier if I see DOM volume turn to a narrower amount, similar to when MACD turns, like an early warning of a possibility.

I use the DOM(happy now?) volume to figure out when present trend is ending. If you were able to make 2 to 5 full points in 35 minutes almost each day, after awhile you could increase size to even a ten lot, I think most would give up first born to be able to trade just using S/R.

I posted some charts last week, check them out.
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please keep posting. i think it is great to see the way others approach the market.
 
Quote from Handle123:

#2 Yes, he is on pins and needles today, kept monitoring his blood pressure by nurse I hired for the week,
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So your student trader went from 20 cars ES to 400 cars ES in the lowest volume, lowest volatility period for the past five calendar years? The thinnest stock market conditions since 2007?

And he/she is expected to sit back, relax and perform unemotionally while a third-party nurse stands by on payroll and constantly monitors thru-the-roof blood pressure readings while 400-lot trades are live inside chopping markets?

OK :cool:
 
Quote from austinp:

So your student trader went from 20 cars ES to 400 cars ES in the lowest volume, lowest volatility period for the past five calendar years? The thinnest stock market conditions since 2007?

And he/she is expected to sit back, relax and perform unemotionally while a third-party nurse stands by on payroll and constantly monitors thru-the-roof blood pressure readings while 400-lot trades are live inside chopping markets?

OK :cool:
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Sounds legit to me. :p
 
Sometimes going for a scalp while it may not make tons of money, it feels emotionally better to be right. I took a good setup long and got out at my 1st target even though a little higher risk than reward.

While I have traded CL and probably will again, sometimes it seems easier to place a trade in ES. ES does not spike as much so that going long or short, you don't instantly get your stop taken out if scalping and my new setup seems to work better in ES than CL.

Obviously, if this holds true going forward, I just have to increase the number of contracts that I am trading.
 
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