ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Bingo! This breakout /breakdown experiment with live money is designed to take the mind out of trading!. Let's see how it goes.


The day trader focuses on great entries and exits with full position while the position trader is less concerned about the entry and exit as long as they can keep averaging. What you are trying will work when we get trend days but that is not very often.
 
Quote from Buy1Sell2:

At the moment , this would be called pullback I think and not reversal. It could be the beginning of reversal, but at the moment , it can only be classified as pullback. But guess what--if we get a full fledged reversal, I'll be short with increasng size!

B1, if you get a real crappy range day, at which point will you reach out for a glass of bourbon and finish for the day? :)
 
Quote from volente_00:

The day trader focuses on great entries and exits with full position while the position trader is less concerned about the entry and exit as long as they can keep averaging. What you are trying will work when we get trend days but that is not very often.

Let's let it play out for a while. There is trend nearly every day. It's just that some days are more than others.
 
Quote from Buy1Sell2:

At the moment , this would be called pullback I think and not reversal. It could be the beginning of reversal, but at the moment , it can only be classified as pullback. But guess what--if we get a full fledged reversal, I'll be short with increasng size!

Just for you I will change my terminology to

"10:30 change of direction"






:)
 
Quote from volente_00:

" The day trader focuses on great entries and exits with full position while the position trader is less concerned about the entry and exit as long as they can keep averaging. "

very well put !
 
Quote from Buy1Sell2:

Stopped and reversed long at 1442.75 --loss of 3.25 pts. I am now long at 1442.75. I will stop and reverse short at 1439.00 with further increased size.


Stopped and reversed at 1439.00 with increased size. Initial stop 1444.50. Using a little larger stop as this corresponds with the hourly as well. looking at 1441.25 as a stop and will move it there as quickly as it makes sense.
 
The opening gap has now been filled, and my opening short reached its profit target. Therefore, the market now has my permission to advance.:)
 
Quote from mbusch:

The opening gap has now been filled, and my opening short reached its profit target. Therefore, the market now has my permission to advance.:)

Wunder J fund is cornering the market right now, no chance :D
 
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