ES Journal Archive (2006 - 2008)

volente_00 · May 22, 2008

I used to trade it with a 2 point stop. Now I only use 3 because it gives you the flexibility to enter early. There is no need to be greedy and try to get the exact top or bottom.

JSSPMK · May 22, 2008

Quote from volente_00:

I used to trade it with a 2 point stop. Now I only use 3 because it gives you the flexibility to enter early. There is no need to be greedy and try to get the exact top or bottom.

OK, TY!

Buy1Sell2 · May 23, 2008

Quote from Buy1Sell2:

Reentered long 1398.25
Initial stop 1385.25
2 unit size

Combining this long and the long from 1410.75 into one and unifying the stop at 1377.75 (the other long had had a stop of 1372.00)

JSSPMK · May 23, 2008

Quote from Buy1Sell2:

Combining this long and the long from 1410.75 into one and unifying the stop at 1377.75 (the other long had had a stop of 1372.00)

Buy1Sell2 this is a scaled in trade now, I guess old habits die slowly

Buy1Sell2 · May 23, 2008

Quote from JSSPMK:

Buy1Sell2 this is a scaled in trade now, I guess old habits die slowly

No. I am all in and all out. I am just preparing for closing MOC today as I always do with longs on Fri especially with the 3 day weekend. I will look to either get stopped out or get out MOC

JSSPMK · May 23, 2008

Quote from Buy1Sell2:

No. I am all in and all out. I am just preparing for closing MOC today as I always do with longs on Fri especially with the 3 day weekend. I will look to either get stopped out or get out MOC

OK, TY for explanation.

As far as I know you are a directional biased trader & I think we have established that you are on weekly chart's signals still, so at which point will you turn bearish? I see that you are not paying attention to the daily histogram here, though sometimes I recall seeing your posts where you use daily chart as a lead for your bias.

1. When a certain support level is broken
2. When weekly histogram turns bearish
3. Both above take place

Buy1Sell2 · May 23, 2008

Quote from JSSPMK:

OK, TY for explanation.

As far as I know you are a directional biased trader & I think we have established that you are on weekly chart's signals still, so at which point will you turn bearish? I see that you are not paying attention to the daily histogram here, though sometimes I recall seeing your posts where you use daily chart as a lead for your bias.

1. When a certain support level is broken
2. When weekly histogram turns bearish
3. Both above take place

3

forexfox · May 23, 2008

ES dropped 7 handles at 1am tonight, European economic news were all right on the numbers.

Any rumours/news that might have caused it?

vertigo3 · May 23, 2008

forexfox,
is your time-zone 2 hours west off the benchmark east coast time? I have to assume so.

volente_00 · May 23, 2008

Quote from Buy1Sell2:

Combining this long and the long from 1410.75 into one and unifying the stop at 1377.75 (the other long had had a stop of 1372.00)

Averaging losers is a losing strategy in the end.