ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

well done man, I couldn't figure out how to trade ES profitably.

Made 48.50 points in DAX on 3rd lot earlier on.
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Well done yourself!

My trading strategy for ES is simple. I can sum it up in one sentence: "What would Apex do?" :D
 
Quote from 2006:

WTF was that 15 point gap on the YM. Crazy !!!!

Should have held shorts longer -- god dammit.
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I hear you.

One of the hardest things to do while trading the e-minis is to hold on to a successful short. We all know that these things tend to snap back, and we don't want to let go of our profits, because we also all know that stocks/stock indices have a bullish bias.

That said, one of the best pieces of advice I ever heard is to NOT have profit targets when trading after 2 PM, especially when short. Why? Because in the afternoon, on strong moves traders going the wrong way tend to get trapped, thus exacerbating the move. Instead, get out only when there is a clear reversal (clear only in the sense that it APPEARS to be a reversal--hindsight is 20/20, and we also know that we are trading the right edge of the chart, not the left!).

That said, buy stop @ 1513.5.

Good luck to all.
 
Quote from smilingsynic:

I hear you.

One of the hardest things to do while trading the e-minis is to hold on to a successful short. We all know that these things tend to snap back, and we don't want to let go of our profits, because we also all know that stocks/stock indices have a bullish bias.

That said, one of the best pieces of advice I ever heard is to NOT have profit targets when trading after 2 PM, especially when short. Why? Because in the afternoon, on strong moves traders going the wrong way tend to get trapped, thus exacerbating the move. Instead, get out only when there is a clear reversal (clear only in the sense that it APPEARS to be a reversal--hindsight is 20/20, and we also know that we are trading the right edge of the chart, not the left!).

That said, buy stop @ 1513.5.

Good luck to all.
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Move buy stop to 1512.

EDIT--move to 1511.25

EDIT: move to 1510.25 (because there is a new low for move)

EDIT: Move to 1508.5 (because there is a new low for the move)

EDIT--Goodbye
 
oh well, there goes the dead cat....


was going to ask spectre when the fomc meeting was, but looked it up for myself....thursday.

now, in the words of the infamous vo,

can ya, can ya, can ya
bounce wit me, bounce wit me.... (but not yet. gotta wait for the feds....)
 
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