ES Journal Archive (2009 - 2010)

[Bigpipn]

Quote from swing-scalper:

Just curious. How can such a big DD for scalping FX in such a short period of time? This kind of DD is very unlikely in stock index future scalping as long as certain risk management is in place.

I don't trade FX. Just looking at the charts, I feel it is more difficulty to scalp FX than scalp stock index futures. Maybe I've not known enough about FX.

700x leverage, going for grand slams fading the trend, and horrible fills (2/5 trades going unfilled) lol It's only laughable b/c I only have account funded with ~10k.

No more 'scalping.' Straddles & spreads and only hedge w/ spot.

No spot under 30m basis.

Just as an example check out the red arrow where I sold the 9 count sell for 5 lots at 700x leverage, set a 50 pip stop loss and a 100pip target (2:1 Reward) and woke up ~2:30am to see that I was stopped out.

It was retarded, should have set the stoploss tighter or set an alert to wake my arse up!

 

[Nagelis]

Quote from romik:

Dollar is finished

That's relative. All other currencies are finished too.

Then buy gold, but gold is the most crowded trade and we saw the support line break today, gold is 20 bucks lower today ... a washout of stale longs is about to happen...

 

[Bigpipn]

With equities drifting higher, normally, I'd take this Eurjpy 5count buy but I"m waiting for pullback and FOMC. Odds are my broker won't fill me w/ on spot. If we do get some fireworks I stand ready to get long deltas.

 

[ASusilovic]

Quote from Lawrence Chan:

NQ 2000 in sight.

ES 776 should be tagged by then.

The dark side is looming

 

[Jahajee]

Quote from Lawrence Chan:

That means it is an attractor for ES to go there.

If ES really stops at 777 only while NQ goes all the way to 1210, I will get very religious ...

LC, are you referring to ES 777 or higher?
Note that financials and NASDAQ are up but SPX is lagging.

 

[Lawrence Chan]

Quote from Jahajee:

LC, are you referring to ES 777 or higher?
Note that financials and NASDAQ are up but SPX is lagging.

Yes.

Edit: Don't you remember the pictures posted here not too long ago about that? =)

 

[startraitor]

out all but 1 75.75, stop to be

Quote from startraitor:

getting long 69-70.50, would like a push to break 77, stop under 65.50

 

[wave]

03-11-09 09:49 AM

Bears that reversed under 676 will start dumping at 742ish and target is 792. Good luck.
-----------------------------------------------------------------------------------

She is going to dump hard once above 792.

 

[wave]

Oh the LIONS are working the tape.

KABOOM.

 

[startraitor]

exit last 91.50

Quote from startraitor:

getting long 69-70.50, would like a push to break 77, stop under 65.50