ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Yesterday my approach generated the following signals:
Long at 1255.75
Reversed to short at 1265.75
Second short signal after correction
Long at 1253.75
Out at 1263.25
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First posting:
Long 1255.75
Reversed to short at 1265.75
Still short
The trigger was the same as usual: system told me to do that.
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Second posting:
Wouldn't get in short here anymore. Only after an upward correction there might be a possibility to go short.
I think we will go higher again (long). But what I think is not important, only what the system tells counts.
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At the first posting it was clear that we would go lower normally.
At the second posting i said to wait for a correction before going short. Half an hour later a second short signal was generated, risk reward ratio was optimal.
My basic trend told me that we would reverse to long normally. As you always have to wait till the signal is generated I said that my opinion had no importance. But I was already warned that we would probably go higher again. About 3 hours later the signal was there.
I always say probably and normally because we always talk about probabilities, never about certainties. The only certainty I have is that in the long run I will make money.
Long at 1255.75
Reversed to short at 1265.75
Second short signal after correction
Long at 1253.75
Out at 1263.25
-----------------------------------------------------------------------------------
First posting:
Long 1255.75
Reversed to short at 1265.75
Still short
The trigger was the same as usual: system told me to do that.
-----------------------------------------------------------------------------------
Second posting:
Wouldn't get in short here anymore. Only after an upward correction there might be a possibility to go short.
I think we will go higher again (long). But what I think is not important, only what the system tells counts.
-----------------------------------------------------------------------------------
At the first posting it was clear that we would go lower normally.
At the second posting i said to wait for a correction before going short. Half an hour later a second short signal was generated, risk reward ratio was optimal.
My basic trend told me that we would reverse to long normally. As you always have to wait till the signal is generated I said that my opinion had no importance. But I was already warned that we would probably go higher again. About 3 hours later the signal was there.
I always say probably and normally because we always talk about probabilities, never about certainties. The only certainty I have is that in the long run I will make money.
Quote from mujoh:
Nice signals yesterday. You caught every major move. Guess it was not the worst day you ever had
Unfortunately i missed the last long because i got an urgent call and had to leave the house.
Don't think i make these kind of returns everday. This day is in the top 1% of my daily returns.
Most important to me is to see how much you can get out of what the market offers. Sometimes making 1 point is a bigger achievement than making 10 points. All depends on what the market offers that day.
The urgent call i received appeared to be a very expensive one in hindsight.
Too complicated to me, and if someone else has to program it i will have to give him all my secrets, what i will never do.
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Usually look on things like 200 period ma, candlecharts more than that;
but he or she probably does that so he or she gets a double check on his order. More certain to id a 51 lot than more common 50 lot
Or simply a logical way to increase size from a 50 lot
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