ES Journal - 2019/2020

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Thanks,

I don't use BB, but I will put them on my chart to see what this looks like. I used a trend reversal signal around 9 am PST, that told me the trend changed from down to up.

My problem was execution, as trade went against me I added another contract which was fine, but I got scared and killed 1 contract at BE, while the 2nd went to just my original target.

I should have had the 1st contract go to my original target and the 2nd to a longer target and taken the risk of stopping out on both contracts.

Specterx said:
Pretty sure his massive long signal is a reversal bar off the 20,2 bollinger band, on a relatively higher TF chart (higher TF hence the "massive"). Certainly as good as anything else if the market is in an uptrend.
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oraclewizard77 said:
I used a trend reversal signal around 9 am PST, that told me the trend changed from down to up.
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That's right ... long signal around 11:10 EST, reversal signal during the 10 minutes or so leading up to noon EDT. I bought the first with a fill at 84.74 I believe, and then attempted a limit at 80.50 which I changed to 80.75 in time and ahead of the move long enough to get in line and get that fill on the low tick. Like you, I didn't hold either long enough. I was looking to take half at 97, and the other half MOC. But it was Friday and a very good week and I closed shop early.

I too always have a stop in the market - usually it is 10 to 20 points away and it is there just in case I have a stroke or something. My stops are typically based on price action as it develops, not on where price has been. But nothing is guaranteed in life or the markets, so a stop is always in just in case I am unable to execute to get myself out of the market.
 
Nothing yet to negate the massive long signal from Friday. I remain focused long until there is an obvious reason to be short. By focused long, I mean buying pullbacks.
 
long 9.25, stop 2689.25 just looking for another 6 at 2715.25

EDIT: Will take 1/2 at 12.25

EDIT: Add on dip, average price 2706

EDIT: reduced at 6.25, average long now 4.75 stop at 3 ... new profit target 2021
 
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NQurious said:
long 9.25, stop 2689.25 just looking for another 6 at 2715.25

EDIT: Will take 1/2 at 12.25

EDIT: Add on dip, average price 2706

EDIT: reduced at 6.25, average long now 4.75 stop at 3 ... new profit target 2021
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So this is my runner for the day. Stop at 4.75 ... target is 2021. + 6 on the first trade, -.25 on the add and reduce at 2706.25: +5.75 worst case for the day, but perhaps more if this trade runs out a bit more for me.
 
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