ES Journal Archive (2006 - 2008)

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I am long 20 contracts at 1384.00
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Buy1Sell2-

Could you comment on your positon sizing formula. Are you using open profits from the long @ 1368 to add size?

ty
 
Quote from wave:

I am long 20 contracts at 1384.00
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Buy1Sell2-

Could you comment on your positon sizing formula. Are you using open profits from the long @ 1368 to add size?

ty

No I closed that trade MOC on Friday at a small loss. I did not post any trades in real time until this one. I do not lay claim to any trades that I do not post in reasonable real time. This is the first trade since that that I have posted. As far as position sizing, I use the 2 percent rule and look at where my stop is and then I can ascertain position size. Remember , I have position trades still on from the daily and weekly charts, so that is figured in as well. I use underleverage as opposed to overleverage to obtain steady return as opposed to a lot of activity up and down. :)
 
Quote from EdgeHunter:

Using the 15 Minute time period + Grail ?

Or hourly...

cj...

15 continuous with long grails including a bar with tail outside the BB that came back in strongly. . By the way, I should mention that the 3 minute had a very very classic Bullish Histogram divergence at the 1382 price earlier today. I do not trade the 3 anymore, but it was there if someone needs to see what the pattern looks like.
 
Quote from Buy1Sell2:

15 continuous with long grails including a bar with tail outside the BB that came back in strongly. . By the way, I should mention that the 3 minute had a very very classic Bullish Histogram divergence at the 1382 price earlier today. I do not trade the 3 anymore, but it was there if someone needs to see what the pattern looks like.

could have support in hourly
 
Quote from romik:

could have support in hourly

Yes, the grail has already occurred on hourly. It remains to be seen in 30 minutes if it is reinforced and adds a fresh buy signal. Good catch Romik!
 
can you post the chart?

Quote from Buy1Sell2:

15 continuous with long grails including a bar with tail outside the BB that came back in strongly. . By the way, I should mention that the 3 minute had a very very classic Bullish Histogram divergence at the 1382 price earlier today. I do not trade the 3 anymore, but it was there if someone needs to see what the pattern looks like.
 
Everyone keep in mind--the trade that I have on is severely antitrend(hourly 240 etc). It is struggling to make a profit as you can see. I will not get out or reverse until the 15 gives me an obvious signal or the reaction low is breached to my satisfaction
 
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