ES Journal Archive (2006 - 2008)

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Its a lot easier to walk away when I have one contract on, probably couldn't if I had 10. Thanks for the fill info, I find the time and sales info to be pretty uninformative. MIT order sound good, though perhaps I'll do a LIT with two tick
leeway.

Trade is definitely working out nicely. I agree we might test especially going into the Europe open in 15 minutes. If we don't tank after 15 min into that, I'll look to go long.

I don't know how you keep track of your trades vs hedges of other positions. :) I'm only able to trade one time frame at a time though with one broker. I have to keep them separated on different brokers or I get confused.

Do you use a front end to help manage that?

Quote from apex82:

You gotta do what you feel comfortable with... I give you props if you can walk away during a trade. I am usually glued to the screen, I cant get away even though I know it would be beneficial at times.

I got 5 filled at 10.50 and another 5 at 11, waited for price to rebound a bit. I usually place a MIT order just so I dont miss a fill which usually ends up in a tick of slippage.

Trade is working out pretty well, however I added a small piece short at 20 mit order and adding on again a bit higher to hedge off my long. Still think we need a retest of the lows.
 
Quote from pkts:

Its a lot easier to walk away when I have one contract on, probably couldn't if I had 10. Thanks for the fill info, I find the time and sales info to be pretty uninformative. MIT order sound good, though perhaps I'll do a LIT with two tick
leeway.

Trade is definitely working out nicely. I agree we might test especially going into the Europe open in 15 minutes. If we don't tank after 15 min into that, I'll look to go long.

I don't know how you keep track of your trades vs hedges of other positions. :) I'm only able to trade one time frame at a time though with one broker. I have to keep them separated on different brokers or I get confused.

Do you use a front end to help manage that?

Ya, I am pretty organized. I have 10 daytrading accounts and 75% of my executions are through a strategy I had made for me that manages my size(% of account), stops and targets. Without this it would be chaos trying to trade so many markets and multiple timeframes.
 
Reading sentence bellow and few previous messages I guess you are using BT platform. It is true?


Quote from apex82:

Ya, I am pretty organized. I have 10 daytrading accounts and 75% of my executions are through a strategy I had made for me that manages my size(% of account), stops and targets. Without this it would be chaos trying to trade so many markets and multiple timeframes.
 
Quote from Allen3:

b1s2,

Looking at a chart of the monthly cash S&P is this divergence your main signal to be bearish here? specifically the greenish lines. I know the image is crap sorry bout that. If you have this big of a divergence signal that spans a decade, how long of a hold are you looking at? Thanks.

JIM

It's not so much that I just hold on the monthly chart, but rather that I would only take short trades for the foreseeable future. This could be a two or three year phenomenom or it could over in 2 weeks. I just don't know. The weekly trend is down , the daily trend is down. The monthly chart i "rolling over", but not in an out and out down trend yet. If the weekly chart were to turn around and go long again, then I would most likely start looking for longs. I just don't know when that would be. This is why I don't ever use targets. I let trades run. This means that I will let them give back profits (perhaps all profits). :)
 
Quote from apex82:

buying the es here at 1310.50


very small size

7pt stop

30pt target

closing out a quarter here at 1332

just locking in some gains

stop moved to BE

+19
 
Quote from Pholeuon:

Reading sentence bellow and few previous messages I guess you are using BT platform. It is true?

BT platform? button trader? I use TS and ninjatrader as platforms for futs.
 
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