ES Journal Archive (2009 - 2010)

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very strong market action.
The expected Christmas rally has definitely began. We should be averageing about 10 points per day on the upside until early January Id assume.
 
I presumed your account is your risk. Well done! TY!


Quote from i_c_fed_people:

You can pretty much go long any time if you are ok with possibly taking some heat before it bounces and you have a big account relative to your stake, but I try to generally use some TA and buy on pullbacks.

Stop are silly on long trades on the ES. I think its throwing money away. We know that it goes UP overtime.
As I said, I only trade at £1 per pip at the moment and am happy just making a few hundred quid per week. Im only young and that's as much money as most of my friends earn.
Like airwaves said, barring a terrorist attack, my account will keep growing. (in fact, even the most cautious trader could get hurt if a sudden terrorist attack happened due to the huge slippage??)

The ES has a strong upside bias. It seems that everyone in this thread and most of the site has been trying to short this thing since about 1000ES. Maybe due to being fresh to it all I can see what you guys cant!!
My account is about £10,000 (has grown lots in the last month or so). Imagine trading the DOW, it would need to drop to zero to wipe me out if i only traded the 1 position.
As it is, I do add to positions because i know we will bounce (been prooved right time and time again now) and in the unlikely event i got in trouble, I could add a little more to my account.
I know with 100% certainty that the dow will be 20,000 one day.
However, 5000 dow is very very very unlikely and only possible in the eyes of the silly bears who cant see that this market is heavily manipulated.

That's my theory, lol
More...
 
Quote from JSSPMK:

So @ £1 per point you average 40 points a day. Massive!
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lol, you making fun of me? :D

but yes, I've been making about 40 pips (4 ES points to most guys here) everyday. posted a few plus 8's and plus 6's in the last few days.
Is that what you meant?
 
Quote from i_c_fed_people:

You can pretty much go long any time if you are ok with possibly taking some heat before it bounces and you have a big account relative to your stake, but I try to generally use some TA and buy on pullbacks.

Stop are silly on long trades on the ES. I think its throwing money away. We know that it goes UP overtime.
As I said, I only trade at £1 per pip at the moment and am happy just making a few hundred quid per week. Im only young and that's as much money as most of my friends earn.
Like airwaves said, barring a terrorist attack, my account will keep growing. (in fact, even the most cautious trader could get hurt if a sudden terrorist attack happened due to the huge slippage??)

The ES has a strong upside bias. It seems that everyone in this thread and most of the site has been trying to short this thing since about 1000ES. Maybe due to being fresh to it all I can see what you guys cant!!
My account is about £10,000 (has grown lots in the last month or so). Imagine trading the DOW, it would need to drop to zero to wipe me out if i only traded the 1 position.
As it is, I do add to positions because i know we will bounce (been prooved right time and time again now) and in the unlikely event i got in trouble, I could add a little more to my account.
I know with 100% certainty that the dow will be 20,000 one day.
However, 5000 dow is very very very unlikely and only possible in the eyes of the silly bears who cant see that this market is heavily manipulated.

That's my theory, lol
More...

You apparently weren't trading in 2008 (?) ... or on May 6th of this year? (the next -10% drop in one day may not come back so quickly next time). You've been trading a 'method' that works well for the current market so I'm not trying to burst your bubble, just trying to caution you.

The market has a way of reminding us there's no such word as "always" in trading.
 
Quote from i_c_fed_people:

lol, you making fun of me? :D

but yes, I've been making about 40 pips (4 ES points to most guys here) everyday. posted a few plus 8's and plus 6's in the last few days.
Is that what you meant?
More...

Now that you clarified a pip I withdraw cynical hints. Well done!D

Just be careful averaging, as you average you increase margin & shit happens.
 
"I know with 100% certainty that the dow will be 20,000 one day."

Please don't make statements like that you just sound stupid,here in the US the only certainties are death and taxes, although I am about 99% sure that taxes will go up. I liked what you had to say about risk management though, you should go find a job in "the city", you could be the next Steve Cohen for all I know, but you should try not to come off as an es cheerleader as it sounds unprofessional, Good trading lad. :)
 

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Quote from JSSPMK:

Now that you clarified a pip I withdraw cynical hints. Well done!D

Just be careful averaging, as you average you increase margin & shit happens.
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I agree - well done, and my only point in my prior post was you may be ok with a sudden 10% market drop with just one car, but it's those pesky add-ons that can kill us when we're not prepared for all "what-ifs". :)
 
Quote from tomahawk:

I agree - well done, and my only point in my prior post was you may be ok with a sudden 10% market drop with just one car, but it's those pesky add-ons that can kill us when we're not prepared for all "what-ifs". :)
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Oh...how so true!!!

Guilty of that a couple of years back...not good for the psyche...

IC...your biggest challenge is going to be self control...please continue to trade the minimum you may be currently using for some time...your bank will continue to grow and you will become successful with even luck BUT ACCEPT the fact you are only as good as the current trade....there is NO tomorrow in trading .


MY only suggestion to your trading method is to have a 'catastrophic stop' in place for every transaction....sh*t does and will happen...

Good luck to you.....stay:cool:

NiN
 
Quote from i_c_fed_people:

Stop are silly on long trades on the ES. I think its throwing money away. We know that it goes UP overtime.

The ES has a strong upside bias. It seems that everyone in this thread and most of the site has been trying to short this thing since about 1000ES. Maybe due to being fresh to it all I can see what you guys cant!!

I know with 100% certainty that the dow will be 20,000 one day.
However, 5000 dow is very very very unlikely and only possible in the eyes of the silly bears who cant see that this market is heavily manipulated.

That's my theory, lol
More...

attachment.php


Yeah, that's the problem with both the shorts and the longs who trade with a stop: they don't realize that QE is a new paradigm and that this time is different.

I find your fresh look very... refreshing.

:D :p

(Just pulling your leg, IC, peace)

http://www.amazon.com/Dow-2008-Diff...=sr_1_1?ie=UTF8&s=books&qid=1291987407&sr=8-1
 

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