ES Journal - 2014

[ammo]

add 1910, avg 1900.75

bid 03 for a reduce

 

[pinkman]

Reminds me of the move up through 1000 ES when everyone was getting killed on shorts praying for the 'top'.

I reckon we could see 2000 on the ES sooner than you'd think.

 

[Mo06]

Still on track for 1920, 1913 at the mo...

 

[Visaria]

went long bond futures as a sort of hedge ... surprisingly they are going up too!

Out of more than half of my bonds....

 

[Visaria]

added another half at 16561, apols for delay, stops moved to 16460

out of some these too (dow futures).

i think we will have a sell off either today or tomorrow.

 

[ammo]

bonds 06-18 on the 1 yr

 

[dartheory]

Shorting TF makes much more sense than ES right now.

 

[Handle123]

Ammo,

Did you ever compare your results with only shorting when a downtrend channel is present ?

Like ten years ago, I decided I would only enter taking nothing but shorts all year in ES in day trading under 60 minute timeframe, from January to end of December. Was one of the highest winning percentage years up till then and my profits per trade has never exceeded that year. And that "experiment" helped me understand that I can use more contracts trading south and uptrend will always be more choppy cause too many traders believe it is un-American to sell the stock market. The longer you trade markets, it really changes how you think, what you think you need as far as channels and trendlines on the chart, you can just see it on the charts without having indicators or lines. When you play the same game for so long, well...if you played Pacman for over three decades, you can pretty much do with one eye open and using you foot on joystick.

More for me, LOL.

 

[ammo]

thought we might get a trend day going , trans took out yest highs, threw a wrench in that scenario

 

[Handle123]

I took long term short trades in Indexes yesterday, hedged as usual in case markets play games. It is very foolish to go against the markets long term unless one is hedged.