ES Journal - 2014
- Thread starter murica
- Start date
Actually, 72% of my trades day trading are counter trend, too much randomness trading ES cause it chops a great more than any other market. ES "normally" has swings of four points, and where trend traders have problems is they buy 60% from the bottom, so there isn't much coin left in a swing. During lunch time the swings "normally" are 2.25 in ES, so you have to target less but cause of lack of your completion(volume and HFT), stops have to remain just a little less than morning session. Trend traders tend to have many more trades cause n trend there is much more chop. Buying/selling breakouts in ES is really not the best way to trade in my book, about the only time a breakout works is in Head & Shoulders formations.
Long ES 1916.25
Idea was sound; timing was premature!
TRGT reached exit 1916
I average down on all my trades at each price level cause 50% of my trades are breakeven plus one tick.
So was long at 1916.25, and added some at every level down always using limit orders, and I have time limits of when a winner should happen and when the time has expired, new target is plus one tick of the original trade and dump all contracts at this plus one tick. So I actually do well being breakeven trader 50% of the time.
Market is forming upside down H&S
So was long at 1916.25, and added some at every level down always using limit orders, and I have time limits of when a winner should happen and when the time has expired, new target is plus one tick of the original trade and dump all contracts at this plus one tick. So I actually do well being breakeven trader 50% of the time.
Market is forming upside down H&S
nice trade
Shrt nq @ 3725.20 sl 3030 trgt 3719.75
