ES Journal Archive (2006 - 2008)

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Quote from mbusch:

Doing the math here, your "uncle" point is 35 points or $1750 per ES contract. I believe you have advocated risking no more than 4% of trading account capital on any one trade, which would require at least $43,750 of capital per contract. You've not mentioned how many contracts you're holding, but since you've added on at least three times one must assume it's at least four ES contracts, requiring $175,000 in capital behind this "demonstration trade." You've indicated that this little piddling ES trade is a small fraction of your "full position" in the NQ.

I'm impressed...and jealous.
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I only risk a maximum 2 percent of total liquid net worth per trade/idea. :)
 
we get the tightly wound triangle & europe gets the pop......just hope we don`t get a gap n grind off the #.....if so ,i`ll b out of here like a vapor trail by 10:30.
 
Good chance that short at 59 will look good by the end of the morning session but I can understand bailing given all the momentum behind it now. Right now I am not sure if it is buy the dips or short the reversals. Sidelines for now..
 
Quote from Spooz Top:

from 10/3/07

lo risk sell entry...eventhough i`m bullish up to 68/69 & having kicked longs a bit too soon.
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looks like they stole the move in the pre open......big boys with the head start on the overnight as usual.

i`ll be watching a move to my target of 68/69 here........68 being rule of 10 x 2 from yesterdays swing lo.
 
SpoozTop,

I think you were right all along. This is a freaking wedge! And it's suppose to be bearish at the top. Or is it? Are we to retest 1580 before retracing as B1S2 believes?
 

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