ES Journal Archive (2006 - 2008)

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Quote from romik:

I appreciate the answer, to me, the biggest problem when analysing data after exchange close - is the absence of positive volume, the price swings on small block trades and when the exchange re-opens in the morning volume is much more substantial. Perhaps I should look into opening a position on the very first directional bar on strong volume and exit at either 2 points down or break even if market shoots off in the opposite direction. Maybe I would adjust the stop size to the range of that bar and/or distance from S/R level/s and alter position size.

I still have an account with Tradestation Sec, I suppose they will be OK for this type of trading. I can always substitute a loss in attempts to catch larger moves with my 1-3 point short term trades.

Romik
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I don't care about volume. With 1 million contracts for each trading sessions volume is no issue to me.
Most important is finding the trend and filtering out the noise. I would say that this is 75% of the job to get a good system.

I recognize many things that Porgie tells, have been through the same problems more or less, and it took me also a huge amount of hours to get this far.
 
Oh well, here we go, got a nice surprise this morning, nothing works on PC, looks like some virus. Remember I mentioned about my technical abilities? Yeah...
 
romik.........u just need to forget about technical skills ........won't really help that much in learning process.......we don't even need to know much about t he market.........we need to gain emotional control and find 1 or 2 dependable entry signals............very dependable........and trade t hem........the emotional factor is why most can't trade.........not the technical, market, or the millions of different studies that are out t here........i went thru the whole process of making a few thousand errors before i realized it was mostly me that was the problem............the more i "learned" the harder it got........t he more i tripped over what i knew...and what i knew was really mostly worthless as far as entering the trade h igh or low, recognizing t he trend, entering with a dependable signal that is "the edge".......there are many many different approaches that have t he 'edge"......t hat is, the advantage of not being average, but just a few s teps ahead..........
 
Quote from Buy1Sell2: 1313;1312.2

Market loves that area doesn't it?
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Yes , some patterns may repeat;
nice correction yesterday , in a larger time frame uptrend.

Watching weekly hourly low of 1309 also :cool:
 
Quote from Buy1Sell2:

I am back to real money trading starting today with the new system. Short one unit at 1316.00-- stop is at 1317.75
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Covered short and went long one unit at 1316.00-- no gain or loss on last trade. New sell stop is 1313.25
 
Quote from Buy1Sell2:

Covered short and went long one unit at 1316.00-- no gain or loss on last trade. New sell stop is 1313.25
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Stopped out and went short at 1313.25 . 2.75 pt loss. This new trade is 2 units.
 
Quote from Buy1Sell2:

Stopped out and went short at 1313.25 . 2.75 pt loss. This new trade is 2 units.
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My chart service has some kind of connectivity problem. I have closed with a market order at 1311.50. NO trades on now(except the positionals).

Profit there with 2 units was 3.5 points. No sense having trades on when I can't see the action.
 
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