I am recording trades in the Eclectic Journal to show a win/loss percentage and to show gains per contract. There isn't enough data there yet to show long term effect. I would tell you that the win/loss percentage should end up being 50 to 75 percent with most losses being smaller in nature. As far as R/R, I don't use profit targets, so the reward is sometimes far far greater than a 2 to 1 or 3 to 1. This is what I want. I need bigger wins than losses.
ES Journal Archive (2006 - 2008)
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I am recording trades in the Eclectic Journal to show a win/loss percentage and to show gains per contract. There isn't enough data there yet to show long term effect. I would tell you that the win/loss percentage should end up being 50 to 75 percent with most losses being smaller in nature. As far as R/R, I don't use profit targets, so the reward is sometimes far far greater than a 2 to 1 or 3 to 1. This is what I want. I need bigger wins than losses.
nice try,son..........guess my post about "i know you" pissed you off ,eh".....nailed it on the head....did`nt I ? LOL
was not short at support.....but long from 02.50...i missed the move down.....read the posts.
one short today at 07 down to the 50% fib,covered at 01.75.
their are entitities at work that you need to be aware of if you ever want to graduate from book reading & become the man that you desperately covet.................................i know you!
prove me wrong & make a call or two today on the indicies.
my prediction is you will not even attempt it because you were "out of your office" today,right.......................i know you
seriously,take care & the best of luck on your progress....that`s something i would not begrudge anyone because i know how difficult & painful this game can be.
On the sidelines. Probably exited the NQ trade too early, but that's ok for now since it was a decent gain. Looking for new longs. If trend changes from up to down, I will the reverse and being looking for shorts. My style as I noted a while back is not to look for reversals anymore, but simply to let the trend develop and then trade in the direction of the new trend with respect to daily charts. With weekly and monthly charts, I will not ignore what I consider to be obvious reversals because this activity takes much less time and consideration.
I see that we are off to another typical day.
Only one person knows what is going on with their posts and that is the Poster themselves and they are the only ones who know the intent behind their posts.
Actually, I will retract that. .... they are the only ones who SHOULD know their real intent, but I doubt some posters have even reached that stage of reality in their lives, and yet they want to rip zillions from the markets.
viva los markets.
Always, always there is a little gem hidden in the rough....well worth the effort of reading ET IMO.
Posters cannot project their trading knowhow more than a short distance in front of them up the tree of knowledge, yet those on higher branches can look back effortlessly.
A some stage a climber will come to understand the tree of knowledge and will be able to recognize those on higher branches. This is when the learning process takes over from the wallowing stage and breakthroughs become apparent.
Some Posters bring valuable knowledge with them to ET and assume that it has a direct bearing upon their desire to become a Trader. They then assume that as it applies to them so it must apply to others ETers.
This is the part that makes ET so interesting.
Anyway as I say, just another typical day.
Only one person knows what is going on with their posts and that is the Poster themselves and they are the only ones who know the intent behind their posts.
Actually, I will retract that. .... they are the only ones who SHOULD know their real intent, but I doubt some posters have even reached that stage of reality in their lives, and yet they want to rip zillions from the markets.
viva los markets.
Always, always there is a little gem hidden in the rough....well worth the effort of reading ET IMO.
Posters cannot project their trading knowhow more than a short distance in front of them up the tree of knowledge, yet those on higher branches can look back effortlessly.
A some stage a climber will come to understand the tree of knowledge and will be able to recognize those on higher branches. This is when the learning process takes over from the wallowing stage and breakthroughs become apparent.
Some Posters bring valuable knowledge with them to ET and assume that it has a direct bearing upon their desire to become a Trader. They then assume that as it applies to them so it must apply to others ETers.
This is the part that makes ET so interesting.
Anyway as I say, just another typical day.
what's up with beating around the bush posts.
I've struggled with the price action past couple sessions trying to stay long. Taking heat on trading positions.
I didn't loose on the trades, but its been a struggle.
I'm still long cash positions. Everyone who didn't exit are looking to exit post fomc.
I've struggled with the price action past couple sessions trying to stay long. Taking heat on trading positions.
I didn't loose on the trades, but its been a struggle.
I'm still long cash positions. Everyone who didn't exit are looking to exit post fomc.
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