ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
sick trading, Schizo! You're one of about 3 members on the whole of ET I think actually makes money!
Out 73.25
The chart, in hindsight, looks pretty clean. There were 3 distinct intraday trends:
1) 7:00 - 8:30 PST : Uptrend
2) 8:30 - 10:00 : Sideway
3) 10:00 - 12:00: Downtrend
4) 12:00 - Close : MOFO
No major zigs or zags and yet those pesky minor reversals within the prevailing trend were large enough to knock me out time and again. So what can you do?
1) Larger stop;
2) Take profit sooner and reenter when the reversal come, supposing you got out near the top or bottom of the move.
1) 7:00 - 8:30 PST : Uptrend
2) 8:30 - 10:00 : Sideway
3) 10:00 - 12:00: Downtrend
4) 12:00 - Close : MOFO
No major zigs or zags and yet those pesky minor reversals within the prevailing trend were large enough to knock me out time and again. So what can you do?
1) Larger stop;
2) Take profit sooner and reenter when the reversal come, supposing you got out near the top or bottom of the move.
L 1935 ST 32
-3
L 1923.5 st 19
OUT 1931.5 +8
L 1928.5 ST 25
Its funny watching these calls because on the one hand, your guy sounds really good, but then when price goes against you right away, and its obvious that an entry can be made for an ever better price after you post, like this last one, and you almost have to be scared because based on the few calls he made yesterday, he seemed to be able to catch the tops and bottoms quite well.
(for the record, I'm not following these trades, just plotting them on a chart for a stress free experience
)
(for the record, I'm not following these trades, just plotting them on a chart for a stress free experience
)