ES Journal - 2012

Status
Not open for further replies.
Regarding the above commentary on the jobs report... I am apolitical here. I really don't care.

But the number given every month is seasonally adjusted. In fact, when you look at some of the good months from last year where the economy gained, say, 150K+ jobs, that was the seasonally adjusted number. The actual raw number was more like 600K+. Just an example. So, the number reported is always seasonally adjusted. If I'm off base, someone set me straight please.
 
Quote from JoshDance:

Regarding the above commentary on the jobs report... I am apolitical here. I really don't care.

But the number given every month is seasonally adjusted. In fact, when you look at some of the good months from last year where the economy gained, say, 150K+ jobs, that was the seasonally adjusted number. The actual raw number was more like 600K+. Just an example. So, the number reported is always seasonally adjusted. If I'm off base, someone set me straight please.
More...

Don't trust government numbers, Josh.

Reality to those numbers is that that the long term unemployed stayed static and the worse part, the under 23's (my people) stayed just as bad as before.

The adjustment number will be interesting though. No idea what it could be,though.

Hope you did well today. Took me all day to make a profit.Tough grind.
 
Quote from JoshDance:

Regarding the above commentary on the jobs report... I am apolitical here. I really don't care.

But the number given every month is seasonally adjusted. In fact, when you look at some of the good months from last year where the economy gained, say, 150K+ jobs, that was the seasonally adjusted number. The actual raw number was more like 600K+. Just an example. So, the number reported is always seasonally adjusted. If I'm off base, someone set me straight please.
More...

I hear you Josh. I don't pay much attention to economic news when I'm short-term trading either but I do when trying to capture the larger time-frame swings. I simply posted because I think Haggerty calls it like it is in most instances - his market timing is sometimes off but he is usually dead-on for where we're headed, ie. -50% downswing to finish this secular bear. Cheers.
 
Quote from gmst:

ES had a 9.25 point range today, and I scored 12.75 points before commission, and about 12.5 points after commissions. This was my best day dollar wise as well as % of day's range wise in ES. I made 621.5 USD trading 1 contract. My earlier best was 615 USD in one day trading 1 contract. and even though I didn't measure it, I am sure I never scored more than 50% of day's range before today.

Today - 4 round-trip trades, all positive, 6.75 points, 0.25 points, 3.75 points and 2 points.

I have been a consistent loser since I started regularly trading ES which was from Sep-Oct 2011. I was doing way too many trades and was reversing positions every now and then. Also, I wasn't choosy at all about my entry points. Today's day has been a good confidence booster.

Today might be a fluke, but 2 things have changed about my ES trading:- 1) I have gained experience with the way ES trades and 2) I have become very choosy in my trades. Going forward I will be looking at a minimum of 1.5:1 R:R on my trades and frequently will be looking for a R:R of 3:1 or even upto 6:1 or more.

P.S. I have been on sim for last month for ES, so all my trades today were on sim. This revelation - I am sure will bring on some chuckles from the fellow readers. :)
More...

Good stuff, gmst.

Stick to what you are doing for a couple of months to see that it stands up. If you can, can you trade in sim as if it is the money you would apply to a real account? That will help you identify the 'possibilities' of your trading strategy and, more importantly,identify the critical points of a possible 'wipe out'.
 
Status
Not open for further replies.
Back
Top