ES Journal Archive (2006 - 2008)

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Quote from apex82:

Just get short and place yout stop above 1420.50 and come back and check it at the end of the day. Youll either be stopped out or have a nice winner.
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I've been short since 1413, after having tried to short earlier @ 1411.50 earlier and getting stopped-out (notice all ES and YM's from here on out. :) ).

But that calls' all you - epsecially since I just closed my trades and everything's green :-)

Currently @ +332 (with the exact same margin as required to trade the ER, BTW).

Good trading (during the afternoon session),

Jimmy Jam
 
Quote from JimmyJam:

I've been short since 1413, after having tried to short earlier @ 1411.50 earlier and getting stopped-out (notice all ES and YM's from here on out. :) ).

But that calls' all you - epsecially since I just closed my trades and everything's green :-)

Currently @ +332 (with the exact same margin as required to trade the ER, BTW).

Good trading (during the afternoon session),

Jimmy Jam
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Nice man! im with ya.. still short from 1425-1426.. ahh watching moves unravel like this is like poetry
 
Quote from JimmyJam:

I've been short since 1413, after having tried to short earlier @ 1411.50 earlier and getting stopped-out (notice all ES and YM's from here on out. :) ).

But that calls' all you - epsecially since I just closed my trades and everything's green :-)

Currently @ +332 (with the exact same margin as required to trade the ER, BTW).

Good trading (during the afternoon session),

Jimmy Jam
More...

Hi JJ...

Doesn't your broker offer flat intraday margins for mini-indexes? All that I work with offer flat $500 (or less) per mini-index.

Nice trades, BTW...
Osorico

Opps gotta go, just entered on stop again.
 
Quote from osorico:

Hi JJ...

Doesn't your broker offer flat intraday margins for mini-indexes? All that I work with offer flat $500 (or less) per mini-index.

Nice trades, BTW...
Osorico

Opps gotta go, just entered on stop again.
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I wasn't clear on why I posted the refrence to margins and ER, YM and ES.
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According to my stats, the ER is twice as volatile as the ES, and that would make it about 2.5 to 3 times as volatiles as the YM. That means you win a King's Ransom on the upside, but have to hold through significant pain if the price action starts to tick against you.

It can easily require more than twice the performance bond of ES or YM to trade the vehicle safely.

So I've solved that problem by just entering positions in the YM & ES, that's all! :) :) :D

The indices (particularly YM), are much more stable in terms of CHOP & FALSE SIGNALS, and the two together provides as much clout as the ER, with less than 1/2 of the downside.

Good trading all,

Jimmy Jam
 
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