ES Journal - 2012

[ammo]

Quote from volente_00:

The simple fact remains that without a fixed target on the trade, this poster would be more profitable from scaling out to alleviate the consistent profit that is given back on every trade.

WRONG this poster has proven beyond a shadow of a doubt that it's more important to believe you are right against all logical evidence than it is to be profitable

 

[oraclewizard77]

Price never made it back to previous high. Short 1362, stop 1366, target 1358. Let's see what happens.

 

[sttrader]

Short small at 78.5

 

[sttrader]

Quote from sttrader:

Short small at 78.5

Will scale in above as it moves against me. Could be another ramp up as usual.

 

[mastacoli71]

Quote from sttrader:

Will scale in above as it moves against me. Could be another ramp up as usual.

it is fry day so a ramp job could be in store

 

[Buy1Sell2]

Quote from volente_00:

Once again scaling out would have been more profitable without a predefined target

Actually removing all at once at your scaling point would have yielded more profit on this individual trade. This is a discussion for a different thread though, not this one.

 

[Buy1Sell2]

08-01-12 08:37 AM
07-31-12 08:24 AM
07-30-12 08:31 AM
07-27-12 09:11 AM
07-26-12 07:57 AM
07-25-12 08:14 AM

--Have buy stop in to enter at 1358.00 with 2. If hit, I will enter and post protective sell stop.
-- If tagged today, then initial stop will be 1317.50
--Trade was stopped in long. Initial protective sell stop is 1317.50 and I will reverse and be short when stopped.
--Protective/reverse sell stop raised to 1325.50
--No change today (Tues 7/31/2012)
--No change today (Wed 7/31/2012)
--No change today (Fri 8/03/2012)

 

[trickshot]

60 point swing in 24 hours, this market terrifies me.

 

[ammo]

with ya at 78..stop 20 when in full position

 

[Buy1Sell2]

Quote from sttrader:

Short small at 78.5

Please indicate stop like oraclewizard77 did.