ES Journal Archive (2006 - 2008)

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Quote from jagmot:

One more stab here long 3 contracts 1340.25 (Sept)

Same targets as before
1354.75
1359
Stop 1337.25

Edit: Great setup on 30m RSI

Moving stop to 1329, catastrophic for after hours.
 
Quote from Buy1Sell2:

A system that incorporates a 2 point stop and is a losing system, could very well be a winning system with a 1 pt stop. You don't need a high winning percentage to be profitable. This is common sense.
The casino example is not a good analogy for trading. The closest game would be poker(specifically no limit) though where you are not playing against the house, but rather playing against other players with the house taking commissions.



The secret is not in the stop. It is in the ratio.
 
Quote from smilingsynic:

The fact that the market has not bounced strongly off of this level but, rather, seems to be hanging around it suggests more downside. 1315 by Friday, anyone?

Out of ES longs (2-5 day swing trade variety--intraday trading is different) and will not be interested in any longs for the moment. If ES rallies sometime this week and clears--more like VAULTS through-- 1337-1340, then I'll look to the upper 30's as a low-risk place to go long on a pullback.



If the IHS sticks, then you will see 55 min from here this week.


A spring can only compress so far before it knocks every short flat on the upthrust.
 
Weekly histo near centreline & with monthly chart's histo bearish & daily also bearish we can see 1260 SPX in 2 trading sessions. Let's say a quite prayer for the bulls.

Buy1Sell2, I didn't notice whether you posted a reply to my question or not, I was asking you why you made a decision to go Long, it seemed like an irrational decision from you, maybe you could post a chart what made you go Long. Cheers!
 
Quote from Spectre2007:

volatility is a major edge...

do you have the discipline to implement this?...

how can you determine it will be a volatile day?

can you afford to only actively trade 5% of all trading sessions?
 
Quote from bighog:

kingkypoe

Whats a dollar these days? Loosen up, have a little fun. A dollar today will not get you a cup of coffee.

bigmouth aka bigswine aka bighog

I literally cannot take it anymore.

You pontificate on an almost endless basis whereever you may be, yet not once I have ever seen you call a trade. You drove everyone worth their salt out of the et index futures chat room with the same type of gibberish you are now speaking here on the ES journal forum. And finally, it's obvious you don't ever trade because all you do is write in this journal and before the et chatroom.

All I feel the need to do is call you out so that any novice reading your shit doesn't spend more than 2 seconds on it. Because I been there, heard that, and plenty of others have as well. I don't know why you bother posting on this forum because you still have never done what the originator of the journal asked which is call out a freakin' trade with a stop. If and when you do that, I will shut my mouth. But dude, find something else to do - because your sure as shit aren't trading with the amount of space you fill up running that trap.
 
riskymove

This thread is not the place for telling others you are a fan. I left the chatroom and moved over to the index side and i agree it was doing better than a couple months earlier. Then a couple of the regulars got into it and many got fed up and left. I was bewildered myself, but look internet chat is nothing to worry about. The regular chat room was NOT a trading chat room and i gave that up first.

The ES JOURNAL thread is doing a fine job for trading info and since i am new there i did indeed spend some time explaining my strategy and some tactics. If you can not handle that please do us all a favor and do not be rude to Buy1Sell2 by complaining in a trading thread. Show some respect.

Da Hoggie, <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/000201C3.gif" border=0 ></a>

Riskymove, now that you pinged my memory i seem to remember you were the one that caused the problem. My, my, can you imagine that?

I will not answer you again in this thread, take it somewhere else please.
 
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