ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from BoyBrutus:

I had a very profitable trade in the ER2 at 10.27. Have a look and look at the return compared to the ES. This pays for the trend following tuition on the ES :)

Can you see a setup?

Adapting to what is the most profitable vehicle to trade is what is important. Thankfully the ER2 is still liquid enough to absorb my orders without moving the market.:D
More...

Yes you are right, I have been scalping that for the last few weeks. And it is much better for shorter term trading along with how much more profit you get per point. Though there is more risk, I like it.
 
I was recently PM'd and asked if I could provide a synopsis of my trading style. I will do it with a chart. Please ask questions--Note the many whipsaws that I could have incurred at the basing bottom, but I don't get them because I set the trailing stop outside the reaction low.
 

Attachments

This long will probably last till the close of the day.


Quote from spike500:

Long at 1292.25, must be around the time you went long too.
Still holding my long; this move isn't over yet.
More...
 
Quote from Buy1Sell2:

Gentleman and perhaps Ladies,
I have come to a realization--an epiphany of sorts. I would like to share this with you as I feel it is good to communicate these thoughts in my efforts to discover my true self. The realization is that I am a very bad day trader. I believe that the ability to recognize one's weaknesses is integral to being successful. Every successful trader must define his weaknesses and strengths and cater to the strengths and away from the weaknesses. It didn't take me very long this time around to reaffirm to myself that I am not good at it. I found myself not paying attention to the daily trend, letting myself out of long trades without consideration of the daily reaction lows etc. For whatever reason, be it lack of ability, lack of focus or poor system, I just cannot cut it day trading. My strength, I feel is in position trading and always has been. For one, the charts look different, and I can see things much better--I would encourage you folks, my friends, to continue posting your intraday trades and thoughts as I do find them interesting and I will be posting longer term stuff. I have no positions in the short term account right now( I should still be long, but am not due to intraday). The only variation I will have from my previous years experience is to glance at the 60 minute if I am bullish on the daily looking for an entry for adding postions etc and vice versa. Positions will now be held overnight and many for long periods. You can see how well I did when I wasn't day trading in this journal and I now aim to have that continue. Best regards and I look forward to reading your posts as usual. :) By the way, I will never day trade again--it is not my forte.
More...

B1,
I think that what you do long term is something few can match. It took me a while to get my method to where I could daytrade also. I just think that with the short TF of a daytrader the indicators might lag too much. I really don't know as I don't use any though. I have notice that if I find a 4 point trade out there it is usually all it can do to give me 2 points in it and then it starts reversing. I started my emini trading trying to jump on a trend and ride it for all I could but there are too many 2 point traders in here to safely go for more.

It is always better to go with the method you are familiar with and your long term plays just might be your fortee. I would imagine once you stick to just that your profit will really get big.

Best To You,
4re
 
Quote from spike500:

This long will probably last till the close of the day.
More...

Yeah I hear ya. The trend has stayed long for me as well. None of my trend following rules have been broken. But other things including my finely honed intuition has indicated otherwise.

I need to work out a priority in my rules and sort the garbage out. Trading trends and pullbacks for entries is all that required with exits at reistance and climax tops.
 
Develop a system and ALWAYS follow the rules. If the system is good it will beat in the long run all other things including intuition.
The hardest part in trading is discipline. I lost years and a small fortune because i was not able to strictly follow the rules of my system. Today i have no problem going long while everybody else is screaming that you have to go short. I feel sick and uncomfortable if i break my rules.


Quote from BoyBrutus:

Yeah I hear ya. The trend has stayed long for me as well. None of my trend following rules have been broken. But other things including my finely honed intuition has indicated otherwise.

I need to work out a priority in my rules and sort the garbage out. Trading trends and pullbacks for entries is all that required with exits at reistance and climax tops.
More...
 
Quote from BoyBrutus:

Yeah I hear ya. The trend has stayed long for me as well. None of my trend following rules have been broken. But other things including my finely honed intuition has indicated otherwise.
More...

Thats odd, everything I see tells me to get out and maybe even go short. There is a lot of resistance between 1299-1302 plus this volume is absolutely pathetic.

I'd rather get out now and get back in if it clears 1303.

Thoughts?
 
Quote from pkts:

Thats odd, everything I see tells me to get out and maybe even go short. There is a lot of resistance between 1299-1302 plus this volume is absolutely pathetic.

I'd rather get out now and get back in if it clears 1303.

Thoughts?
More...

Ive used a that strategy as well. You sacrifice 4 points as a reversal could have you under many more before realizing.
 
Fear

Fear can be a over-leveraged long in a bear market

As well as a under invested portfolio manager in bull market.

It can drive markets to both extremes

From someone on ET:)
 
Status
Not open for further replies.
Back
Top