ES Journal Archive (2006 - 2008)

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Quote from murray t turtle:

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Strange how certain numbers can keep showing up or down;
1312.5
1313.0,
happeded in past 7 days, may not even be that important again for awhile, or even be that close/exact.:cool:
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We're there now Murray-- any thoughts? Once again the market is completely enamored with 1312.25
 
Personally I would have thought that the lower euro today would have been supportive for the ES, but it hasn't been so far. This is why I really don't pay attention to daily news.
 
Quote from porgie:

what kind of 25 yr trading has u at 50%???? 2 and 2 ain't adding up to 4..........
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I'm sorry, I didn't quite understand the question here. 50% ? If referring to my comment about less than 50%, that was about intraday calls by me in this journal being less than 50% percent winners. Is that what the question was?
 
spike500,

Are you a trend player?

It sounds that you have some statistics on the performance of your system.

Could you please share some numbers?

EX.

% of profitable trades

Profit target/Stop loss ratio

Max consecutive # of losing trades

etc.

Thank you
 
Hi B1S2,

I think we were a little confused as to what exactly you were trying to achieve with this journal, that is why, imo, you get more criticism, rather than positive responses. Don't get me wrong, I try and respect all posters that stay on subject of trading and can show valid experience in the market. I believe you are one of these people on ET.

But as I said, I was confused as to what is the purpose of this J.

Looking at the majority of your short term trades, it is obvious to me, that it's not really what you are used to doing in the past. It seems that you have been trying to apply same tactics to short term as to your position trading. But, unfortunately, 1 system will not always work in 2 very different time frames, no matter how small size trades they are in relation to your overall portfolio.

If I were you, I would perhaps reveal your methodology applied to short term trading and try to generate positive/negative feedback/advice from posters that do not mind doing so. Surely after 25 years of trading you will be able to see who is genuine and who isn't.

I can only assume that your position trading size is quite substantial, otherwise averaging/scaling for months will not be sexy enough in terms of returns on capital invested.

Stay on course my man, don't give up your attempt to test waters in short term trading. Some of us are here to help :)

EDIT: "You will achieve if you persevere" - my Nan used to tell me. Bless her soul, she was so right.
 
Quote from tatsimon:

spike500,

Are you a trend player?

It sounds that you have some statistics on the performance of your system.

Could you please share some numbers?

EX.

% of profitable trades

Profit target/Stop loss ratio

Max consecutive # of losing trades

etc.

Thank you
More...

All my trades are based on the trend, which does not mean that i only trade with the trend. The trend defines what i have to do.

I think it is useless to post the stats of my system. These stats have only importance to me. You cannot link them to any other system because each system has different stats.
On top of that it will only create an opportunity for the bashers to attack me.

If you trade, it is (to me) necessary to know as much as possible about the risks and the rewards that you can expect. For that reason you need stats.
 
Quote from Buy1Sell2:-now quote

We're there now Murray-- any thoughts? Once again the market is completely enamored with 1312.25
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Buy1sell2, youre like me in the sense ''now'' has a prettywide definition=60 minutes/more,120 minutes;
its 7;57Chicago time, market open in about half hour,
ES,SPY,YM,DIA .NQ ,QQQQhave gapped up.

Actually dont have a strong sense of conviction either way on these gaps;
and as you implied 1212.2 & 1313.0 are strange in frequency.:cool:

And also Buy1sell2, think you know that the suggestions[or some say negative/critics] were not meant to be a food fight. simply in a hard but fun business like trading;
countertrends are harder to profit than trends/main & medium trend .:cool:
 
My short today is at 1322.25 although I didn't post in real time, so the credibility factor is not there today. My stop is just above the high of the day by a couple of points. I will be looking for a reversal of this move. If stopped out, I will add additional unit(s) on the next signal for reversal.
 
countertrends are harder to profit than trends/main & medium trend .:cool: [/B][/QUOTE]


Great quote Murray t turtle

Keeps the risk to reward way in your favor instead of risking pennies and nickels to pick up pennies and nickels.

Risk the nickels to pick up dollars.
 
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