ES Journal Archive (2006 - 2008)

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Quote from regal_2012:

all the people here who know me are aware I dont use stops.if you cant handle 5 points of heat you are in the wrong biz.

2 trades since returning.

2 wins
0 losses

43 points in profit

average hold time for both was a little over 2 days
average drawdown was about 5.5 points

both trades were posted real time, as they always are.
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you left out the 2 trades where you were down over 100 handles.
 
Quote from daniel33:

Anek,

You seem to have 1260 as a strong line in the sand support for ES, is that correct ?

Thank you

Daniel
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Yes very much so, the bull is fine as long as this line holds. If it's tested, pay very close attention to any possible fakes (V Bottom, Inverse Head and Shoulder or W right below 60). Remember that a pierce is not a break by any means.

Should a lower high form below 60 completing and confirming a transition of support to resistance and negating any possibility of fake like the ones I posted above, then the bull would be in very big trouble.

For now, all is well as long as that 60 keeps acting as support and is not flipped into resistance.

Hope it helps.

Anek

PS: How is that SPY treating you?
 

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Quote from jagmot:

Nice call. I made a few points on some longs but didn't post live. I'm now starting to build a short position in the ES.

Looking for an avg price short at about 1296 if we can get there.

1 contract short at 1284.50
Stop 1315 (for all contracts)

More sells at 1288, 1292, 1296, 1302, 1305, and 1308.

Targets are at 1200
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Keeping all limit sells and stops as is.

Trade is by no means done but if you take a look at this trade so far, we got less than 1pt of heat. Most of my r:r trades are from 3:1 to 4:1 (actual stops). However my r:r on actual heat can sometimes be around 10:1.

Perhaps I should reread some books and see what different people have to say about this...but I'm curious if anyone else keeps stats like this and their thoughts.

TIA
Jagmot
 
Quote from Anekdoten:


PS: How is that SPY treating you?
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Anek,

Thank you for the chart, I agree completely about 1260, it's quintessential.

SPY trading doing very well, still trading 100-200 shares :p very modest very calmly but very happy and very consistent. Doing AHG as long as price does not reach a major pivot then I pay attention to reversal formations to countertend, priceless stuff, much appreciation.

Best of trading to you and everyone here on the ES Journal.

Respectfully,
Daniel
 
I take any bet that in case if we turn up from here /swingwise to reach for example 1320 and up/ there will be stop run well bellow 1260.
Where? Difficult to say but may be even bellow 1250.
Experiences learned me that big boys never let us small traders win without lot of heat /by swings/. And this support line somewhere at/bellow 60 sees everybody in the world so it is extremely dangerous situation.
I am personally ALWAYS too early in.
They fool me everytimes.
 
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