ES Journal - 2017/2018

[oraclewizard77]

How is it so hard to understand. Let's assume we are still in a bull market and that ES will be 3000 by the end of this year. So in a trend following system, you would follow the trend to get say a 150 point profit. These types of systems will have lower win rate but do well over time if the over all long term market trends.

Also, to his or her OPINION, just to be fair. Specially if one is objective.

If you guys think that letting a position go from +55 to -45 is skilled and fine and dandy, then I am on the wrong website.
But it must be PRM....

(and I haven't even mentioned his stop loss removal)

 

[Buy1Sell2]

Hey B1S2, Markets don't go straight up nor straight down to be sure. Many expecting a rally back to 2650 +/- to sell into again. Are you considering that a possibility?

Certainly. However, I am currently trading a much longer time frame than others and so these movements are at the moment just noise to me as I am long biased on this market for now.

 

[Buy1Sell2]

Looks like We have an intraday floor at 2640 area with an even stronger floor at 2630 area..

 

[Buy1Sell2]

Unlikely that we'll trade below 2640 area today. Short term trend is is now up.

 

[manonfire]

10 year got off the mat and plethora of good earnings and couldn't press higher overnight. Confluence of fibs from 4/18 and 4/24 highs and trading to the meaty part of 4/24 pa has halted upside. Impulsive price action from 4/24 appears to favor the downside presently and a move back to 200 day. Minute by minute headline risk with 232 tariff announcement by Monday and Mnuchin presumably hammering things out with China. Next week should resolve this mess.

 

[Pekelo]

Let's assume we are still in a bull market

That is a big assumption, and we are not. But still, one should recognize when the tides change and take profits. In this high volatility if you have a big enough account one can take multiple 30-50 points gains in both directions instead of waiting for a big 200 points profit that might never come....

Also, what he is doing isn't trading, it is called hoping.

 

[zenemini]

Short 2650, stop 52.25, as always I take some at 10 points if I can get it, and the rest will run for the day.

EDIT: Not that this has changed anything, but my stop is actually 53.25

 

[mastacoli71]

Short 2650...willing to add

 

[zenemini]

Long 51.75, all out at 50.25 or 61.75.

 

[Handle123]

S57.25
PS 60.25
targeting 57.00
cancel target
add 57.75 short
dumped half on 3.00/2.00pts
ps both at 57.50
out at 52.00
guess it was worth waiting 39 years for a day trading system I can stand trading cause I truly expect to seldom
lose and have minor drawdowns. You learn charting like back of your hand, you better be really good at the game, right? Had cycle low at exit of 52 but leaving to get hair styled then Starbucks time. Hope all have learning day.