ES Journal Archive (2006 - 2008)

Mins · Aug 6, 2008

Quote from Buy1Sell2:

08-06-08 07:25 AM

Long 10 contracts 1279.75

Initial stop 1275.50
Stopped out.

Looking long again with 20 contracts

Can you explain what your entry method is for your day trades??

What i don't understand is that it seems you just enter and hope the trade will go your way and then use tight stops which are well within the noise.

To me positioning and entry are highly important when trading the ES - it is designed to take it as many players as i can.

Do you actually have a trigger as an entry e.g. MACD crossover as i know you are fond of indicators??

Lawrence Chan · Aug 6, 2008

Quote from Lawrence Chan:

B1S2, you type fast!

Relong 78.5 stop 76.5

Edit: Do not usually post my trades ... bored today I guess

raise stop to 77.5

Lawrence Chan · Aug 6, 2008

Quote from Lawrence Chan:

raise stop to 77.5

raise stop to 78.5

Buy1Sell2 · Aug 6, 2008

Quote from Mins:

Can you explain what your entry method is for your day trades??

What i don't understand is that it seems you just enter and hope the trade will go your way and then use tight stops which are well within the noise.

To me positioning and entry are highly important when trading the ES - it is designed to take it as many players as i can.

Do you actually have a trigger as an entry e.g. MACD crossover as i know you are fond of indicators??

Using indicators, I buy pullbacks in uptrends and sell retracements in downtrends. I set my stops outside of the noise relative to the time frame that I am trading. I don't care if I am stopped out 1 tick above the LOD. I simply want to catch a good trend. Thanks for the questions.

Xuanxue · Aug 6, 2008

I would go golfing if I didn't think this fourth wave pullback cup and handle might fail hard at any minute. I'm seriously considering covering soon.

Lawrence Chan · Aug 6, 2008

Quote from Lawrence Chan:

raise stop to 78.5

out at 82

gap play + test of high done

Lawrence Chan · Aug 6, 2008

NQ is testing its resistance level at the moment, if it can break out upside, we should see NDX 1895 soon.

Failure to do so, however, can be very bad for the day.

PACMAN1 · Aug 6, 2008

L C

What is the resistance level for n.q. ?

Thanks

Lawrence Chan · Aug 6, 2008

Quote from PACMAN1:

L C

What is the resistance level for n.q. ?

Thanks

NDX cash index 1875 - already taken out but not zooming up.

riskymove · Aug 6, 2008

Quote from volente_00:

TRADE DISREGARDED DUE TO STUPIDITY OF PLACING STOP AT RULE OF 10 SIGNAL ENTRY.

...you never post a trade

Maybe if you ever did we could say if your trades were good or bad.

I post trades in a chat room - not on this journal bc I dont have the time. So I am well aware I don't post trades for integrity purposes. However you just lamblast the poster and others talking your nonsense without hardly ever subjecting yourself to posting an actual trade. Pretty easy to look good that way. You trying to sell your system or something? Maybe you should get a login on youtube and make some videos there or something.

B1S2 great trade yesterday. I tried buy long in the morning at 56 and the premkt low after I entered was 56.25 so I missed. Then tried shorting (stupidly) above 72 as I became bored. Lost 16 points total ( not per contract).