ES Journal Archive (2006 - 2008)

[Lawrence Chan]

900 target hit

 

[opt789]

Quote from Buy1Sell2:


As soon as this position is stopped out, I will have completed enough losing trades with the stop experimentation to have the info that I need. I will then apply this info to future trades and the success will start again. Fortunately I have been using small trades here to learn. Swing trend remains down even with this bounce.

Since this is your journal I would surmise that there are readers who would be interested in what you have learned from your last 12 trades:
-5.5, -6, +7.25, -6.25, -28, -10, +28.75, -23, -2.5, -1.25, -2, -10.75 = -$59k
I post this now since this is the worst streak I have ever seen for you, and I know this is because you are experimenting, so I would like to know if you could share what you have learned so far from the experiment.

Just put Monstercat on ignore.

 

[Buy1Sell2]

Ok, back to normal trading now. I will not look at any long positions unless one of two things happens. Either 980 is hit OR a longer term buy signal is generated. Neither has happened so far. Swing trend remains down for now and I will look to short again--Ishmael

 

[stella]

Quote from Lawrence Chan:

900 target hit

nice call.

 

[JSSPMK]

Buy1Sell2, care to explain what you are trying to establish please, seems like you're trying too hard at re-inventing a wheel today. TY!

 

[Lawrence Chan]

If downtrend persist, 900 - 912 is the sell zone.

 

[Jahajee]

Out of the bluue - a 20-point rally

Fake up, I think.

 

[Pekelo]

Quote from Buy1Sell2:

I will have completed enough losing trades with the stop experimentation to have the info that I need.

Please explain why you needed 20 cars for an experimentation? It resulted in about -54 pts loss per contract...
You could have papertraded this experiment for $100 on C2....

 

[pulsescan]

Quote from Jahajee:

Out of the bluue - a 20-point rally

Fake up, I think.

wow what was that?

 

[Buy1Sell2]

Quote from opt789:

Since this is your journal I would surmise that there are readers who would be interested in what you have learned from your last 12 trades:
-5.5, -6, +7.25, -6.25, -28, -10, +28.75, -23, -2.5, -1.25, -2, -10.75 = -$59k
I post this now since this is the worst streak I have ever seen for you, and I know this is because you are experimenting, so I would like to know if you could share what you have learned so far from the experiment.

Just put Monstercat on ignore.

The experimentation was entering trades on one chart and then setting stops based upon larger framed charts volatility. I used a variety of time frames from 240 all the way down to 1 minute for the experimentation. The recent small losses were the 1 minute chart and the larger losses were stops based upon larger charts but entered on shorter term charts. In the final analysis, the bottom line is that although trend can be defined on a larger frame chart, you must set your stops on the activity on the shorter frames chart. I learned a lot from that and it solidifies a belief that I had had before.