ES Journal Archive (2006 - 2008)

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Quote from Pekelo:

There is nothing wrong shorting in an uptrend. The better question is why he got out so early? There was another 4 points in it...(at least)

That is exactly my point, countertrend is fine, great even, but so much risk (counter-trend) for so little reward (2 points).

Daniel
 
Quote from daniel33:

That is exactly my point, countertrend is fine, great even, but so much risk (counter-trend) for so little reward (2 points).

Daniel

2 pts is hardly a little reward. I trade multiple contracts so 2 points is HUGE.:D
 
Quote from pulsescan:

2 pts is hardly a little reward. I trade multiple contracts so 2 points is HUGE.:D

If you trade multiple contracts then the risk is bigger too, don't see your logic. Heck, with multiple positions, why not scale out and adjust risk.

Daniel
 
Quote from vertigo3:

can someone please quote me SPX cash

You can get LIVE SPX at bigcharts.com. If you set your browser to refresh in every 15 or so seconds, basicly you have a live chart of the cash...
 
Quote from daniel33:

If you trade multiple contracts then the risk is bigger too, don't see your logic. Heck, with multiple positions, why not scale out and adjust risk.

Daniel

I don't trade risk. I trade order flow.
The ES is one of the most efficient/liquid contracts in the world!
I developed this system (one amoung many) to take advantage of this fact. The strategy has not changed in over 9 years!
I developed the method back in my stock broker days. the guys on the trading floor hated it.
:)
 
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