ES Journal - 2012

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Quote from tomahawk:

96.00 is the number, in case I missed someone mentioning it.
fwiw, the corresponding YM # is 13048.
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ES never traded anywhere close to 96 on the 12th.

The is a huge cash gap on the 9th, SPX will have to trade to 98 to fill it.
 
Quote from sttrader:

Think the line in the sand will be the 81-81.5 area. If we hold above, we're going for that gapfill (last week's). Hold below and we'll see a pullback.
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Almost there. No such thing as coincidence in the markets.
 
Quote from volente_00:

shorted more at 84.25


average ~79.5

stop is 90

Plan to cover the lower entries on pullback
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Im calling bullshit on this. Either that OR your system is total shit. The Math will explain.

You started shorting and adding at

72.5...74.5...76.25...77.5...79.25...79.5

Lets assume it was 1 contract each for simplicity.

You then added at

81.25 and 84.25 and said that your average was roughly 79.5.

This means before the add you were in for 6 contracts, this means to get an average of 79.5 you had to have added 3 contracts and 81.25 and 3 at 84.25. In other words, you had to DOUBLE your position.

I doubt you did this.

BUT lets say you did.

This proves what ive been saying for months with you, when you win you win on your small size (first 2-3 contracts he enters with) and make 10 points. But when you lose, you lose big (12 contracts) for -5. You do the math, see how long this system will stay profitable.

If you get stopped out here, you lose ALL the gains youve made. Or at least a significant portion
 
Quote from mastacoli71:

add 79.25, avg 77.625...that is all for adding, see what happens into the close or if it hits my targets, whichever comes first. market is doing what I suspected. just need a pullback to get out.
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add 85.5, avg 80.25...so much for not adding...offering another at 92.
 
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