ES Journal Archive (2006 - 2008)

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Quote from RAY:


You are taking what seems to be pretty much the same money management, with pretty much the same size market risks (i.e. account risk, contracts, approx. point stops, etc. [give or take].) I also remember discussions about how you value risk; based on T-N-Worth or the like. Yet the market by any measure is at least twice as volatile.

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Yes--This is why I have been trading with much smaller position sizes.
 
Quote from GermanTrader:

I trade without emotion as well, but that doesn't mean I use a 30 point stop when the action is only 30 points potential.
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The way I see it is like this, Buy1Sell2 has no idea at the moment whether markets will bounce (short-term) or whether they will continue declining, that is not to say that most have any solid justification of their beliefs of what is about to happen. But when it breaks (either way), there will be more than 100 points on offer to people like Buy1Sell2.

I still don't understand his recent experiments, as I believe in principal that there is no need to fix a working wheel.
 
Anyhow....

Quote from Pekelo at 10:32:

By the way I expect a rally today....
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The reasons were:

1. Double bottom on the daily.
2. RSI divergence.
3. Reached the lower BB.
 
S873.5, s~3, h/s+10

Scaled out 2/3 +4.5

H&S+triple D on 1m near the high of a bullish oscillation (that's what I saw at the time)

1/3 b/e
 
<i>"The reasons were:"</i>

#4: two open gaps above?

They pull like tractor beams from a black hole. Easiest trading day we've been offered in a long time. Stubborn shorts got what they always get in overcooked bear market swings. Smoked.
 
Quote from Pekelo:

Anyhow....



The reasons were:

1. Double bottom on the daily.
2. RSI divergence.
3. Reached the lower BB.
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too bad you were 50pts wrong before being right...

even buy1 can't handle a stop like that
 
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