ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

4re is about to be stopped in. Is your profit target 66.75?
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It was going to be 66.75. I was about to shut down my dome when my order was executed. I need to leave for little bit so I took a 1/2 point loss on it and got out. Doesn't look like it has the momentum to play out right now. Maybe after lunch I'll re enter.
 
As many of you know, my experience with trading has been in positional trading using daily and weekly charts. It has only been since the inception of this journal that I have even looked at intraday charts. --I am a novice with intraday-- With that in mind, I would like to point out that I have switched gears numerous times in the journal as regards to time frames and using stops etc. ---My intraday/swing trading expertise is a work in progress--- With that preface now mentioned, I am going to amend an item posted earlier today in the journal. I will NOT be trading anything ever on a chart less than an hour. I may look at it and discuss, but I will not trade it. If it's bonafide, it will show up on the hourly and I will be patient with it. Instead of trading anything less than 60, I will control my position with trailing stops above/below reaction highs/lows. This will give me closer feel to my true identity which is a longer term position trader.
 
I took a page out of Romiks book and doubled up the second time and got my 2 points. I don't usually do that but I was pretty sure about this time.
 
Quote from 4re:

I took a page out of Romiks book and doubled up the second time and got my 2 points. I don't usually do that but I was pretty sure about this time.
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Nice trade. I would at some point like to have some influence in changing your approach so that you can get more than 2 points. I know why you do it--less time exposure--but I believe there is quite a lot of money left on the table.:)
 
Quote from Buy1Sell2:

are you trading the 5 minute? what is your target and stop loss?
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I trade the seconds, 1m, 5m,15m, 60, and daily lol

I enter long here because it looks like I would not want to be long anymore if I was. and all the bottom pickers have also been cleaned.

Also swing the market one way at 1300 makes for a good afternoon rally.

I dont like it lagging so have scaled out some at 1267.25 So this is a minimum risk break even stop now.
 
Quote from Buy1Sell2:

Nice trade. I would at some point like to have some influence in changing your approach so that you can get more than 2 points. I know why you do it--less time exposure--but I believe there is quite a lot of money left on the table.:)
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I know I know...I just do what I have to do for right now. When I sell my companies and get to retire I will be doing some positional trading much like you do. My long term trades are all option trades right now which I am fired up on right now because CAL is finally dumping off. But that is for another journal. Thanks a lot for your insight I appreciate it.

Gary
 
Quote from BoyBrutus:

I trade the seconds, 1m, 5m,15m, 60, and daily lol

I enter long here because it looks like I would not want to be long anymore if I was. and all the bottom pickers have also been cleaned.

Also swing the market one way at 1300 makes for a good afternoon rally.

I dont like it lagging so have scaled out some at 1267.25 So this is a minimum risk break even stop now.
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nicely timed BB
 
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