ES Journal Archive (2006 - 2008)

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I am still holding 3 units short in the short term account and 9 units short in the positional account. The positional account is traded off of weekly charts and there was not enough profit in it yet for me to cover. I will be adding to both accounts on further moves up. My goal in the short term account is to gain at least 12 points per contract and the goal in the positional is to gain a minimum aggregate 1000 points on the entire position. Recently , in the move down , the positional account only gained about 550 points at the low. That's not where I want to be. Sosa may remember me mentioning that I wasn't quite ready for the downmove just yet. I have some updating to do on the status of the journal to date record and will do so over the weekend. :) --Look forward to hearing how some of you did on Friday!
 
dead thread....sorry b1s2..positional trading is probalby the smartest way to go.......just about as exciting as watching paint dry so the day guys won't stay with forum...fact of life......have a fantastic life and may you make many millions of dollars and have a beautiful time as you trade good stuff........
 
Quote from sosa1974:

I added short @ 1281. Avg price 1275.50. I'm going to hold and walk away. No scalps for now, its too dead. I will most likely cover before those Fomc minutes come out next week.
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Cover 1270.75. I like this postional thing!!
 
Quote from Buy1Sell2:

Still holding the 3 short term shorts .
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Great hold big dog!! Still trying to get used to this positional trading style. I can say it allows for more flexibility in analyzing the entry and exit.
 
I am Long ES 1260 medium size after hours...

Been playing closing entry at lowest point, and selling
with a wake up call at 2:45 am EST.

To answer B1S2 question, I exit when the Euro markets
open, as they usually spike the ES.


It has been working so far, no reason to change.


The only issue is to have to awake early to catch the
wave, even though I have sells in, I like to monitor them
for additional upside.

Overall, up around 12 points..small change but with an
average 10 on.

Monaco
 
Quote from Buy1Sell2:

Still holding the 3 short term shorts .
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I have covered here at 1260.25 on the three short term shorts. I pulled the plug well before 12 points per contract (got about 8 points)

Still holding the 9 positional shorts--
 
Quote from sosa1974:

Still trying to get used to this positional trading style. I can say it allows for more flexibility in analyzing the entry and exit.
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I like it much better-- It allows for more relaxation and other life quality. It does generally require a larger stop in my view or no stop if played conservatively enough. One thing about ES--It almost always returns to the mean.
 
Forgive me for asking,

What do you define as "mean"...

"I like it much better-- It allows for more relaxation and other life quality. It does generally require a larger stop in my view or no stop if played conservatively enough. One thing about ES--It almost always returns to the mean."

Thanks

Monaco
 
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