ES Journal Archive (2006 - 2008)

Ducatiman · Dec 18, 2006

Posted too soon. That is a large (IMHO) stop.

Buy1Sell2 · Dec 18, 2006

Quote from Ducatiman:

Posted too soon. That is a large (IMHO) stop.

Hopefully I will have the chart pan out to where I can trail it upwards soon.

Buy1Sell2 · Dec 18, 2006

Quote from volente_00:

I understand what you are trying to do, but if we chop you are going to keep getting stopped out.

Correct. I estimate that 50 percent or more of the breakouts and breakdowns will be false, but when I catch one, I want to ride it with increasing size.

Buy1Sell2 · Dec 18, 2006

Only indicator open on the daily chart is Bollinger Band in this intraday strategy. Looks like a Bull flag on the 10 minute. we'll see--In any event I have my stop in place currently outside the noise.

romik · Dec 18, 2006

Quote from Buy1Sell2:

Correct. I estimate that 50 percent or more of the breakouts and breakdowns will be false, but when I catch one, I want to ride it with increasing size.

I must admit I am also skeptical of this method, if you were to know the exact stats for range days vs trend days, but are you assuming 50%?

IMO something like 1 min grail reversal could be better suited to range days, which we have more than trend days, again IMO.

Optionpro007 · Dec 18, 2006

Good luck b1s2. I have lost a lot of money trying the intraday trading because trends of any magnitude are very short lived.

The frame of mind of a daytrader is so different than that of a position or swing trader.

Quote from Buy1Sell2:

Correct. I estimate that 50 percent or more of the breakouts and breakdowns will be false, but when I catch one, I want to ride it with increasing size.

Buy1Sell2 · Dec 18, 2006

Quote from romik:

I must admit I am also skeptical of this method, if you were to know the exact stats for range days vs trend days, but are you assuming 50%?

IMO something like 1 min grail reversal could be better suited to range days, which we have more than trend days, again IMO.

I am using a 20 to 25% win ratio. The key is the increasing size(Not doubling) and cutting losses short .

Buy1Sell2 · Dec 18, 2006

Quote from optionpro007:

The frame of mind of a daytrader is so different than that of a position or swing trader.

Bingo! This breakout /breakdown experiment with live money is designed to take the mind out of trading!. Let's see how it goes.

volente_00 · Dec 18, 2006

Nice 10:30 reversal

Buy1Sell2 · Dec 18, 2006

Quote from volente_00:

Nice 10:30 reversal

At the moment , this would be called pullback I think and not reversal. It could be the beginning of reversal, but at the moment , it can only be classified as pullback. But guess what--if we get a full fledged reversal, I'll be short with increasng size!