ES Journal Archive (2006 - 2008)

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Quote from fearless9:

that is a quote that means different things to different people.

regards
f9

This was actually a quote from Adam Trader book. The idea is that we tend to overcomplicate trading. I commented on your statement as I agree. Buy1 started this off by saying that keeping a tight stop is a good idea ("Enter anywhere using a small stop and let the winners run and you will do better").
The problem with any of these truisms is you have to codify it for yourself. Keep losses small may be 10% to me on a 100,000 account, etc. For someone else losing 10,000 in a day is not an option. Here comes 140.40 on the spy. Good trading.
 
Short NQ 1999.00 stop 2000.25

...bigger than usual target on this one

... PA not what I expected... i'll watch at 94.50 to cover if we get there.

stopped out for -1.5
 
Quote from Pholeuon:

Tm. are you not afraid that todays high on NQ will be tested?

About one and a quarter points scared and a minimum of five points greedy :D

thats the beauty of a good entry.

BTW nice trade RIAA
 
Quote from MandelbrotSet:

OK, here's a posting:

Long @ 1400

Stop @ 1395.75

Rule in use: T-Day :)

Edit: 1407.00 potential profit target (even though you said we don't have to post them).
1/2 of this position taken off the table +4pts.

Stop moved to breakeven + 2 ticks ... this way, no matter how it works out, I win. :)
 
Quote from OldTrader:

What's the T-Day rule?

OldTrader
Tuesdays and Thursdays look for Long Entries. It doesn't mean we will end on the Highs, but rather that good Buying situations will present themself (particuarly when using this rule in conjunction with two over volente_00 favorites, the Rule of 10 or the 10:30am Reversal)

Hey, speaking of Rule of 10 anyone measure the range from the Open to the current Day's low? ... close enough.
 
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