ES Journal Archive (2006 - 2008)

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Quote from saxon22:

It looks like today is going to be one crazy ride. I was watching Winnie the Pooh with my boys yesterday and one episode there is a scene where the characters repeatedly state "up and down, up and down, up and down." Funny it made me think of ES as of lately. :D :D :D
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If it is going to be a volatile ride, I for one am going to use small position sizes.
 
...long ES at 1485....
hoping for a longer swing ....
... but wary of further downside to 1452 or 1432....
....looking for 1 hour macd cross on cash....doubt it.....
.... then will look for confirmation....
 
Quote from smilingsynic:

For those who are scared to get back in: USE SMALLER POSITIONS. And what's the worst that can happen--you get stopped out. Big deal. Happens every day for me.
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In my opinion, large volatility will demand a change in position sizing and/or an increase in stop. The market dynamics have changed and will demand you change you money management otherwise you will get killed. One point stops are useless in this market when one minute bars show 2 point moves. Just my two cents.
 
Quote from Brucelee:

In my opinion, large volatility will demand a change in position sizing and/or an increase in stop. The market dynamics have changed and will demand you change you money management otherwise you will get killed. One point stops are useless in this market when one minute bars show 2 point moves. Just my two cents.
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yes--if one usually uses a 2 point stop, one might need to use a 4 point stop, as I just did (and thus put on only half the usual size).
 
Looks like a range day (market challenged but did not break thru 1476, and challenged but did not decisively break through 1494 (old support is now resistance).
 
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