ES Journal Archive (2006 - 2008)

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Ah, well you see certain patterns I normally wouldn't recognize. Especially since 90% of the time I only watch RTH patterns. Both 24 hour and RTH-only seem to work well from what I've seen though, so its all good. :)

BTW just trying a little short on NQ off 1,2,3 min D. Short 2005.75, soft stop ~2006.75 (since my stop-markets aren't currently working). Minimum target of 2004.50, but I'd like to walk it down futher so I'll see how things go.
 
I'd edit that post rather than waste a new one but its >30 minutes (jeez, this confirms my feelings). I don't have the patience for this AH stuff, its not worth it... it'll probably go lower, but my limit order to cover at 2004.75 just got hit. Shutting it down for the night, I got a midterm to study for.
 
Quote from tommymoose:

I'd edit that post rather than waste a new one but its >30 minutes (jeez, this confirms my feelings). I don't have the patience for this AH stuff, its not worth it... it'll probably go lower, but my limit order to cover at 2004.75 just got hit. Shutting it down for the night, I got a midterm to study for.
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gl bud
 
short nq at 2006.75 i wanna learn to take bigger profits, i sometimes get spooked and pull the trigger early. its all part of the learning process i suppose. looking to get short es as well. maybe after a pop we will see thogh gl and goodnight!
 
u can flip a coin here for direction ,a lot of money managers like to take there portfolio up at the end of the month, window dressing,so the mrkt can move against reason, and then get back to normal on the 1st
 
Quote from OldTrader:

I sold the other half of my ES at 1383.25, for just under 9 points profit.

I'm going to watch for a while.

OldTrader
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Nice trade. I can see how buying on weakness allows for a nicer r:r than waiting for price confirmation. Both approaches work, IMHO, depending on your timeframe as long as you don't wait for too much price confirmation and can still get in the trade relatively early.

By the way, I really appreciate your contributions to ET. It's great having such an experienced and successful trader contributing to ET.
 
good morning,

I was asked the other day to post some charts (evidence) of what I am doing after twelve+ years of attempting to master the noble art of trading.
While I am very disinclined to show you precisely where I am at, I will show you where I have been coming from.

The first few years we can forget. I was my red period when I thought that six indicators were twice as good as three.

Red then turned into orange as I reduced my indicators, so let us put that period to one side as well.
The penny began to drop as I entered my blue period ... namely follow the 100+ lotters.
Obviously we are not party to the reasons why they do what they do, but the evidence is left behind for all to study.
It is on a filtered T&S and the price charts.
I am firmly in my green period now and these three charts are from the early times.
Nothing clever about these charts you may think and you would be dead right.
It is what you drag out of them that gives you the edge.

I no longer follow the DOM wall, too bloody complicated and too much in the here and now.
I have found out (from being both correct but unfilled) that "here and now" is too late.

Please bear with me if the attachments stuff up as I am new to this and also I am on Senora f9's notebook.
The next three posts might take a while as my leg is in plaster, Senora f9 is taking advantage of this to remodel my study and Tim the Toolman is upgrading the PC.

I have mentioned earlier that my quest is for efficiency, ever increasing efficiency.
If this becomes your path, then perhaps you will break down efficiency into it's components and establish methods for improvement.

It is not my intention to appear enigmatic
it is just that trading requires both lineal and lateral thinking and it is my experience that two people are rarely at the same place at the same time.

regards
f9
 
Holding long here with the stop still 1385.50 -- 20 contracts from 1383.00
Reminder: I disregard all trades without exact stops for the purpose of journal integrity. :)
 
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