ES Journal Archive (2006 - 2008)

[carson]

Quote from carson:

long es 1030 10 pt stop

stepping away - working 1020 stop oco 1060 exit

 

[volente_00]

Quote from vertigo3:

eat me

Nonsense, don't try to take credit for Tday theory by posting all those fancy numbers !

 

[Pekelo]

Quote from volente_00:

Tday theory

Is that the one that says on Tuesdays we go down?

Today it has been working marvelously....

 

[Pekelo]

The giant descending triangle's horizontal line (support) just acted as resistence. It was also a Williams short entry. I like to keep it simple:

 

[Jahajee]

Had 3 trades today but no big deal, a net of 3.25 points.

I am a bit wary of going long or short here - but I I look for a long at 1020 or lower, or a consolidation around 1030 to 1045 where it is now, with a probable long on a breakout above 1045.

I will consider a short on a retracement after a rally to 1055 and above.

Am also looking at the NQ 2-m chart - may consider a trade there.

 

[volente_00]

Quote from Buy1Sell2:

For example, when trading the ES, things like rule of 10, T day and my grail signals are all singularly useles because they cannot stand by themselves. I then only trade the combination of variables that show the most promise for extended gains.

Hey now, You forgot 10:30 reversal fade !




We don't agree on much, especially those 100 point stops but I do agree that good money management and a poor system will outperform poor mm and a great system every day of the week.

 

[carson]

Quote from carson:

stepping away - working 1020 stop oco 1060 exit

Stopped out

 

[Jahajee]

Long 5 ES 1020.75

Will scale in more longs down to 1000

 

[pulsescan]

Quote from osorico:

Entry points are NOT critical.
example: Open a short position. You have no way of knowing until the trading day is over that it was the low of the day. Money management is critical.

Exit points are NOT critical.
example: Allow worthwhile (your definition) profits to turn into loss. Money management is critical.
Your ability to trade according to plan is not the same as trade and/or money management.

Osorico

Thats your opinion. However it is not true. It does not matter what money management you use. If your strategy does not work consistantly you will eventually lose your entire account unless you stop trading altogether. Market timing IS critical! That's why Wall Street has spent billions trying to figure out how to maximize this premise. I guess we can agree to disagree.

The only thing that matters is making money. I made some today and I'm sure you did too so everybody is happy.

 

[Anna K.]

UK is about to announce a bail out