ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

Seems to me that u are trying to catch a longer term trend with a countertrend approach intraday, why no just go with intraday trend change?

This is a trade with the swing trend as were yesterday's. Yesterday although I had poor stop placement, I did limit losses. That is what I aim for.
 
Quote from pulsescan:

looks to me that the mkt is just testing the highs and getting ready for the afternoon selloff.
its best to limit your opinions to half hour increments
 
Quote from GermanTrader:

That is one hell of a stop. Are you expecting to hold all day?

Come on 69...

Yes. The key is that it represents less than 2 percent of TLNW. This is how you stay in the game for the long haul.:)
 
Quote from Buy1Sell2:

Yes. The key is that it represents less than 2 percent of TLNW. This is how you stay in the game for the long haul.:)

More power to ya... that's why I consider myself a scalper, because I trade for 10-20 points in as little time as possible, and almost never trail. That 10-20 is no more than 10 in normal price action (pre-September).

Success.
 
Quote from Buy1Sell2:

Yes. The key is that it represents less than 2 percent of TLNW. This is how you stay in the game for the long haul.:)

You win Buy1...your stop is WAY bigger than mine....
 
Quote from ggoyal:

bye bye ES journal. I have noticed that everytime I read the stuff written here, it gets to my head and I ignore my rules less.

I am sure everyone here has there own opinions which is exactly why everyones opinions get to me. I start doubting my own trades which have a high win to loss ratio.

I might come here once in a while, during after hours. im sure nobody cares. Im just saying, if someone has bad days, try not reading the ES journal because everyone has different thoughts.

I have been reaching my goal pretty well for a decent period of time. But when I start reading thoughts like, "today is just like yesterday", "long at the bottom of the day with a 10 point stop", etc etc. just not good for me. i never counter trade and often after not putting a trade on after reading stuff here, i say"fuckin ET, should never listen to that shit".

But by the comments most guys have posted, Im sure everyone is doing well.

PS.finally reached todays goal also after being upside down 2X.

Give any market calls a maximum 33.33% credibility and you will be fine. Why 33.33%? Because there are only three price directions.
 
Quote from rc5781:

You win Buy1...your stop is WAY bigger than mine....

The initial stop is a "911" stop, it will certainly be adjusted, so any r:r calculation at this point is not telling the true story, imo.
 
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