ES Journal Archive (2009 - 2010)

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C-R-E-A-M-E-D

Shorted near the open coupled with above-average-activity at work so wasn't paying attention to markets (that and my klipfolio isn't updating anymore!).

Gawd I need to stay away from Op Exp week. Still short, underwater now, but this one hurt.
 
Quote from Buy1Sell2:

Some trades will not be as good as others. I am looking for performance over the long haul. If I were to take 2 off, then I would have taken all 20 off. I am not trading off of any charts less than the daily right now. What I am trying to demonstrate here is "how to stick to your rules." --Izzy:)



Try scaling out next time.


:)
 
Back from vacation, did I miss anything? Oh, B1S2 gave back his unrealized profits, AGAIN:

Quote from Buy1Sell2:


- I have a stop change in mind at 907.50

Constructive critisizm:

Instead of quoting all your previous posts, why don't you just post the relevant and updated information (like S 934 SL 907), which isn't even clear at this point.

Did you actually put this stop on, or were you stopped out at 929.75?
 
Update on my postion. took 10 of my 20 off to book the 3k profit at 922. I'm a little unsure what jpm brings in the am and this was a fast profit.. If we sky on jpm i'll put the 10 back on.I should have done a 100 lot as that was such an extreme 3 day move but the manipulation is so great now i was cautious.
 
Quote from MandelbrotSet:

This is an intersting, anecdotal chart posted three days after a massive bull run. As it's not even live commentary, I really don't see how it is actionable, and I was hoping that is what you would show us.

Real time commentary and/or live calls.


***

Having said that, B1S2 does have interesting criteria for how he determines his "uncle" point. I do see how he still considers the market to be in a downtrend, however his trade is taking some serious heat, and a weekly close to the upside may take him out of this trade.

There's no such thing as real time with End of Day charting. I'm trying to show something that relates to B1S2's swing trading and it can't be fudged.

I have nothing to defend. If some see something that is screaming a big reversal is coming then I have given free learning resources. If you don't see it or don't like it the forget about it.

But the day you stop learning is the day your trading had stopped progressing. Keep an open mind and decide after research.
 
Quote from Xspurt:

But the day you stop learning is the day your trading had stopped progressing. Keep an open mind and decide after research.
No problem.

I reviewed your algorithm and it shows very interesting results on an intra-day time frame as well.

Of course, price action is already giving the green light, but it makes for an interesting confirmation indicator.
 
Quote from MandelbrotSet:

No problem.

I reviewed your algorithm and it shows very interesting results on an intra-day time frame as well.

Of course, price action is already giving the green light, but it makes for an interesting confirmation indicator.

Didn't think you'd do that - well done. With experience you'll find lots of times it leads PA but as I said not always. It's a useful tool but not the holy grail.

Other times it bolsters confidence that a powerful reversal is about to happen. You need to learn to tie it in to a prior test as Livermore described and not just take an isolated reversal as I did for simplicity.
 
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