ES Journal Archive (2006 - 2008)

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Quote from smilingsynic:

It is next to impossible to trade well and actively post here or anywhere, since trading is mentally tough work.

Am I right here, or is it just me?

:)
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It may depend on the way you trade. For me, I would find it difficult most of the time to post trades in here.

It's a pretty hectic trading day and I find all my energy and concentration needs to be focused on the market.
 
Re-entered short 1354.75 off 1 50% position, same stops

Scaled out 1/2 +1.5

5m chart's histo caved in ImPO

Substantially down pre-market
 
Quote from JSSPMK:

Re-entered short 1354.75 off 1 50% position, same stops

Scaled out 1/2 +1.5

5m chart's histo caved in ImPO

Substantially down pre-market
More...
It looks like it's going to rally off the Open.

Good trading.

P.S. Holding Yesterday's Lows and Last Night's Lows will tell the tale.
 
I have my doubts about todays rallies looking on Asia and Europe. May be close the gap, a bit higher, get all suckers in and...

This situation looks to me like very good option close that 1335.75 gap from 3/15.
I think even PPT will be happy with hammer bottoming on it.


Quote from MandelbrotSet:

It looks like it's going to rally off the Open.

Good trading.

P.S. Holding Yesterday's Lows and Last Night's Lows will tell the tale.
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Let's keep the posts to ES and not to flaming others. I have tried to lead that by example. Thanks. Also, a quick reminder: trade levels mentiioned will be considered to be real trades for journal integrity purposes otherwise anyone can just mention levels and then come back and say "see I told you". Trades without exact stops are not considered to be real trades anymore as they serve no purpose. This journal is to be played out just like the market in that incorrect positioning is detrimental to trading. This is a very useful in helping to improve. Thanks again for your efforts in making this an honest and forthright journal. :)
 
Quote from volente_00:

:confused:

While you are making assumptions, and for purpose of journal integrity assume that I scaled out of the 1367 short at 1361, before it ran to 71 as not everyone is foolish enough to let a 6 point profit turn into a loss just because you do. Assume I followed every rule of 10 entry signal including the 1367.50 short from the 1357.50 , and the assume I shorted the signal at 70.5 from 60.5 and assume I took the signal at 50.5 which was also 10 points under the previous reaction low of 60.5. Then assume I took the 10 point exit signals and reversed at 60.25, then assume I took the short signal at 62 from 52. For the purpose of journal integrity, assume that one actually trades the very methods they have taught instead of just posting paper trades on a message board. Thanks for your assumptions and good fortune to you on the 1381.25 longs from last week which were stopped out Fri at 1363.00.
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It is very important that when levels are posted, or trades are posted, that feet are held to the fire. Yesterday, we had to make the assumption that you shorted at 1367 and were stopped at 1370 and then did not trade again due to the max 3 point per day stopout rule. I know that you are a mod, but we need to keep it real in this journal and this is how I choose to do it. For what it's worth, I think you made a great call here, but the stop was just a little off. :)
 
B1S2,

A question pop into my mind - why do you choose to trade ES over SPY, which, in some way, give you almost exact control of the size based on your %risk method?

e.g. 10 ES at 6 pts stop is approx. 10 x 50 = 500 shares of SPY
 
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