ES Journal Archive (2006 - 2008)

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Quote from bidask:

doesn't this mean you're a long-term buy and hold investor? i know you said before that you average around 60% per year in your trading account. what are your returns for the total portfolio (trading account + non-trading account)

one more question on the weekly chart. the macd looks like it's trending down but the rsi looks like it's about to reverse. how do you interpret this?
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I typically show a 15 to 20 percent gain over the whole. This year is a little below the 15 at the moment due to my deployment in cash for the most part. As regards the weekly, I see what you are saying, but it is most likely a possible bounce only and not a reversal. This is part of the reason why the stop would have to be that large for a new short here. (the potential bounce). However, I would also say that you are being very anticipatory in your view of the RSI.
 
Quote from Buy1Sell2:

Hopefully, everyone has seen why successful traders only trade with the trend and not against it and why it is important to avoid the trades which are countertrend. :)
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The very first trade you posted in this journal is exactly the opposite of what you just said.


:confused:
 
Quote from Lawrence Chan:

Interesting, if 60-68 holds, and having the ability to bounce back up sharply above 790, we may very well see a 100 pt day :eek:
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The t day boys may be out of juice after the 100 and 45 pointer the last few times.
 
ES futures hit a low of 767.25 during the second week of October 2002. It will be interesting to see if that number is of any consequence. I imagine that it gets tested and eventually moves through it significantly. :)
 
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