ES Journal - 2015

[Buy1Sell2]

Romik has figured out something that most traders never grasp. Take small losses, Take bigger wins. Forget about win percentage.

 

[jimmiebarton]

Romik has figured out something that most traders never grasp. Take small losses, Take bigger wins. Forget about win percentage.

your big wins define your small losses. % wins always matter.

 

[steve2222]

....... I will do some more posting next week and later attach charts to explain my reasoning.

Thanks Romik that's helped and I look forward to the further posts next week. I am sure they will further demonstrate how you select the trades that meet your stop criteria based on CURRENT hi/lo.

 

[romik]

Here are some support levels that IMO have to be bought, especially if price drops there and displays oversold on RSI.

20SMA on weekly cash index ~2085

ES june:

2080
2076
2070
2065
2058
2040

 

[jimmiebarton]

Here are some support levels that IMO have to be bought, especially if price drops there and displays oversold on RSI.

20SMA on weekly cash index ~2085

ES june:

2080
2076
2070
2065
2058
2040

what are we supposed to do when price touches one of those, ask here if its THE one?

 

[romik]

Jimmie/Artem, you are being sarcastic all the way mate. They are just levels.

 

[tiddlywinks]

Here are some support levels that IMO have to be bought, especially if price drops there and displays oversold on RSI.

20SMA on weekly cash index ~2085

ES june:

2080
2076
2070
2065
2058
2040

what are we supposed to do when price touches one of those, ask here if its THE one?

Romik told you...

When the magic number is reached AND the magic indicator says oversold, you buy. ez pz.

Honestly, Romik would be better off if he was to focus on his intraday enter/reverse strategy and up the size. Lose all this opinion/bias stuff and let the real-time movement dictate.

 

[jimmiebarton]

Jimmie/Artem, you are being sarcastic all the way mate. They are just levels.

intraday levels? how do you want us to use them?

 

[romik]

... Romik would be better off if he was to focus on his intraday enter/reverse strategy and up the size. Lose all this opinion/bias stuff and let the real-time movement dictate.

You think? I don't think so personally and here is why.

Drawdowns. I certainly can't justify upping size with a potential drawdown of 30-40 points

 

[tiddlywinks]

You think? I don't think so personally and here is why.

Drawdowns. I certainly can't justify upping size with a potential drawdown of 30-40 points

From your posts, that is an accumulated drawdown from a series of consecutive losing trades. My suggestion to "focus" includes refinement. You know the drill... what are the characteristics of the losing series? What are the characteristics of a winning series? What refinements or filters can be made? It's your system... open to your own refinements.