ES Journal - 2019/2020

[Laissez Faire]

not if you're doing what I'm doing...but I don't aim for 40 point targets either.

What's your average stop in this volatility?

The average 1-minute bar today have ranged between 7-15 points. Mostly around 10 points.

Unless entries are perfect or done at key levels, I'd say at least 10 points would be a minimum stop on a day like this.

My initial mistake a few weeks back which incurred a greater loss than normal was that I used too tight stops. I was not able to trade today, but yesterday, I used a 20 point initial stop on my entries. On most of my trades, I quickly tightened that though.

I had one trade with MAE at 0,25 points, but most of my entries on my winners took a bit of heat.

Normally, I use a 3 point stop with 5 points being an absolute maximum.

 

[schizo]

15 min wedge/ pennant ... looking to bust North!

Too damn weak. Unless we rip higher from here, there ain't much time left. At this pace, we would be lucky if we can revisit 2540.

 

[speedo]

What's your average stop in this volatility?

The average 1-minute bar today have ranged between 7-15 points. Mostly around 10 points.

Unless entries are perfect or done at key levels, I'd say at least 10 points would be a minimum stop on a day like this.

My initial mistake a few weeks back which incurred a greater loss than normal was that I used too tight stops. I was not able to trade today, but yesterday, I used a 20 point initial stop on my entries. On most of my trades, I quickly tightened that though.

I had one trade with MAE at 0,25 points, but most of my entries on my winners took a bit of heat.

Normally, I use a 3 point stop with 5 points being an absolute maximum.

4 points but a lot of signals I can’t get in. But there are so many setups

 

[speedo]

4 points but a lot of signals I can’t get in. But there are so many setups

And a lot more limit in’s as opposed to stop entries

 

[vanzandt]

VZ, so you finally earned your certificate form the B1S2 Trading Academy?

Long 2388---- initial stop 2155.75

Out at 2463 for a gain of 75 points.

Class Valedictorian!

 

[speedo]

Worn out ciao...

 

[vanzandt]

Sell calls? Naaaa, the bitch'll blow through $20 on me.

Ha! Broke $20.
Up 18% on the day.

 

[Laissez Faire]

4 points but a lot of signals I can’t get in. But there are so many setups

That's a mighty tight stop in this environment. Kudos for pulling that off. I imagine your entries must be excellent and very selective.

 

[Spooz Top 2]

15 min wedge/ pennant ... looking to bust North!

Looks like Bullys found some late day Viagra to get this thing up!

 

[NQurious]

At this pace, we would be lucky if we can revisit 2540.

So you don't think 2700 is on tap by the globex close? I kinda think that we could head there real quickly.