My bad, I always do that since I'm usually only thinking in terms of the last 2 digits... 1357-1360 as you can see in the chart I posted (chart is SPX and I'm using 5 point premium to get ES numbers)... target definitely isn't 1557-1560 since I'm a longer-timeframe bear haha
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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My bad, I always do that since I'm usually only thinking in terms of the last 2 digits... 1357-1360 as you can see in the chart I posted (chart is SPX and I'm using 5 point premium to get ES numbers)... target definitely isn't 1557-1560 since I'm a longer-timeframe bear haha
canceling trade...
still short the euro but man.. is it ever taking its time... I have covered half for +13 because I dont want to be to exposed when somebody seems to be holding it up. I always listen and follow the motto.. "if they cant take it down they will take it up"
Would like to ride these last 15 to new lows but I am placing a tight stop..
Quote from Buy1Sell2:
It doesn't but I trade so that when it does, I am in. In the meantime, I pick up other gains which are larger than the losses that I incur. Last years net gain on the trading account only was 92 percent. This means that my total gain on TLNW was less than that of course.
You achieved 92% gain for the year and seem to imply that wasnât really that good. Interesting notion from my experience. One more question concerning never risking more than 2% on any trade. As you stated you went short at 1417 with a stop of 1517. That means if you have an account of $250,000 for example, you could only trade 1 futures contract of the ES. If you were to lose 100 points on 1 contract that would represent a loss of $5000 or 2%. Do I understand that is how you trade and can turn that into a 92% gain for the year?
Why don't you trade the HSI afterhours? If you want a market that doesn't %$&% around when it wants to go somewhere, you have to go across the Pacific.
its about f'n time... taking some off the table on the euro.
I have been trading the HSI on and off for awhile but still waiting to do the research on a more reliable feed. I also need to keep things in balance.. trading can take over everything, there always seems to be a market open somewhere...
what was the maxdd for the trading account?
Quote from Buy1Sell2:
It doesn't but I trade so that when it does, I am in. In the meantime, I pick up other gains which are larger than the losses that I incur. Last years net gain on the trading account only was 92 percent. This means that my total gain on TLNW was less than that of course.
was able to make a nice profit on the euro trade despite the movement... last unit is resting at BE just a couple ticks above the market so most likely going to get taken out.
Hitting the sack and placing a sell limit on the ES at 1389
2 pt stop
8pt target
very, very small size due to AH
good R:R and in the 55% odds area.
Hitting the sack and placing a sell limit on the ES at 1389
2 pt stop
8pt target
very, very small size due to AH
good R:R and in the 55% odds area.
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