ES Journal Archive (2009 - 2010)

bidask · Mar 9, 2009

yes but your stop was at 1075.

1075 - 869 = 206

so 206 points = 2% of tlnw

the profit was 170+ points, so the gain was slightly less than 2% of tlnw?

Quote from Buy1Sell2:

Keep in mind, that I advocate risking up to 2 percent on any one trade/idea.

Buy1Sell2 · Mar 9, 2009

Quote from bidask:

yes but your stop was at 1075.

1075 - 869 = 206

so 206 points = 2% of tlnw

the profit was 170+ points, so the gain was slightly less than 2% of tlnw?

I would never advocate more than 2 percent risk on any one trade/idea.

gangof4 · Mar 9, 2009

Quote from volente_00:

trade what you see

right shoulder tank

helpful post- thanks.

i was biased with what i thought should happen (dumb) and was rather blind to the chart right in front of me b4 your post.

Pekelo · Mar 9, 2009

Quote from bidask:

... so the gain was slightly less than 2% of tlnw?

In short, yes.

We might just have here a weak AND slightly delayed ADU... (delay time 15 mins)

erierambler · Mar 9, 2009

Quote from Buy1Sell2:

Closed the 30 contract short position based upon movement on the current 240 minute chart. I have closed at 690.5 from a short position at 869. Roughly 178 pts profit per contract or a total of 5340 pts ($267,000) --Ishmael

--Will look to reenter short at a later date--
--Demonstration of a wide stop in an oversold market is now complete--

Excellent trade, I like today's timing

erie

manlycure · Mar 9, 2009

Quote from Pekelo:

In short, yes.

We might just have here a weak AND slightly delayed ADU... (delay time 15 mins)

Can a weak ADU be weak enough where the midday top does not exceed the earlier (10:15) top?

volente_00 · Mar 9, 2009

Quote from gangof4:

helpful post- thanks.

i was biased with what i thought should happen (dumb) and was rather blind to the chart right in front of me b4 your post.

Porge taught me bias is deadly.

Pekelo · Mar 9, 2009

Quote from manlycure:

Can a weak ADU be weak enough where the midday top does not exceed the earlier (10:15) top?

Yes. The midday top zone is now 12:15 - 12: 45....

Pekelo · Mar 9, 2009

Quote from Pekelo:

Yes. The midday top zone is now 12:15 - 12: 45....

Just like Japanese trains, right on time...

Lawrence Chan · Mar 9, 2009

Quote from Pekelo:

Just like Japanese trains, right on time...

The fun begins when the afternoon low prints. =)