ES Journal Archive (2006 - 2008)

[Lawrence Chan]

Quote from newbie463:

smiling synic, would the same apply today?

newbie463

Can help on this one.

30 minute range no break out yet. top 70.75 bottom 55.25

 

[startraitor]

exit all but 1 57, stop to be, target? 47, but can make a case for 36.

Quote from startraitor:

adding 67 target 47, stop 75

 

[newbie463]

LC, thanks for the comments. I don't have real time charts.

did the cash index qualify?

newbie463

 

[volente_00]

right shoulder in the works on cash


look out below

 

[Lawrence Chan]

Quote from newbie463:

LC, thanks for the comments. I don't have real time charts.

did the cash index qualify?

newbie463

That you have to ask SS.

I use the first 30 min RTH data for the break out levels. Obviously SS watch that too.

 

[dmartin]

Quote from Buy1Sell2:

11-24-08 07:07 AM

11-20-08 08:31 AM

Short one contract at 795.00

Initial stop 1075.00
Maintaining the stop here at 1075.00
Maintaining the stop here at 1075.00
Adding an additional 19 at 869.75 with the stop also at 1075.00
Total of 20 units short.

Your first trade represented a potential loss of $14,000 for 1 contract which would represent $700,000 TLW--assuming your stated money managagement plan taking no more risk than 2% of TLW. Now you make a trade of 19 contracts with a potential loss of $10,262 per contract or $194,978 if you were stopped out on all the contracts. What's interesting is this later trade now represents a TNW of $9,748,900. So what happened to your magic formula of risking no more than 2% of TNW? In reading many of your past post you made it very very clear than one should NEVER risk more than 2% of TNW.
DMartin

 

[dmartin]

Sorry for the misprint--should have been TNW (Total Net Worth)

DMartin

 

[jmoo]

855.50 buy stop tgt 857

 

[startraitor]

exit 47,

Quote from startraitor:

exit all but 1 57, stop to be, target? 47, but can make a case for 36.

 

[Lawrence Chan]

Gap filled. T-day crew hiding until afternoon?