ES Journal Archive (2009 - 2010)

[wee man]

I'm watching you right now!

 

[stella]

Quote from stella:

Its probably gonna be a flatish day until we at least get past 1000 level if to long is the bias. That level is now a pyschological rr. My bias today is flat to upside... although right now, there is no clear signal.

I'm maintaining my bias to the long side, though hopefully not another flatish day. I find it really difficult to trade on flatish days.

 

[saliva]

Quote from saliva:

I have 1005 as the HOD, but that's close enough. Regardless, 1005 as the HOD and 985 for the LOD.

Good trading!

Quote from ASusilovic:
ISM NON Manufacturing Index should give buyers an excuse to buy. Recovery on its way and so forth...bla, bla, bla...

But take a look at retailer's revenue reports :

J.C. Penney sees Sept. same-store sales down 3-6%

TJX Companies August same-store sales up 5%

Macy's August same-store sales down 8.1%

BJ's Wholesale Club Aug. same-store sales down 6%

Abercrombie & Fitch Aug. same-store sales down 29%

Son, ure looking at the biggest permabear. Anyway, it's a matter of time before we slide down to the LOD now that HOD is in. But what do I know? :eek:

BTW I'm actually long at the moment, believe it or not.

 

[stella]

Quote from M3peat:

I have what's probably a stupid question that I should already know. Can stops be seen by some? I swear that half of my trades are stopped out using between 4-8 ticks and then turn back in what would have been my favor for a nice gain. They usually turn back around at exactly my stop.

Stops can be seen by people at the brokering houses, but I doubt they really bother to look at where your stops are. LOL.

4-8 ticks is 1-2 pts. In choppy or flat mkts such as ytd, its not easy trading with small stops like this. The art of using stops is to be able to identify different mkt conditions. Just like using different clothes for different weather conditions.

 

[Bakinec]

Quote from M3peat:

I have what's probably a stupid question that I should already know. Can stops be seen by some? I swear that half of my trades are stopped out using between 4-8 ticks and then turn back in what would have been my favor for a nice gain. They usually turn back around at exactly my stop.

Shorts/longs taking profits, perhaps? I always move my stops a few ticks out from a key price level.

 

[volente_00]

Quote from saliva:

Son, ure looking at the biggest permabear. Anyway, it's a matter of time before we slide down to the LOD now that HOD is in. But what do I know? :eek:

BTW I'm actually long at the moment, believe it or not. [/QUOTE]






SAY WHAT ?

Quote from volente_00:

Me and sal in the sequel.



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[M3peat]

Quote from volente_00:

Switch to 12 ticks to compensate for your non optimal entry.
Or at least backtest it on your previous trades to see what the results would be.

Thanks for the response. Funny thing is, I started at 4 ticks and then after researching all my losses, I noticed I was usually 5-6 ticks from optimal entry (on those trades anyway), so I switched to 7 ticks and now I get stopped out there. It gets a little frustrating at times. My other demon is getting out too soon when I do make a right trade. I'll take 8 ticks and run and if I had waited on at least half of them, they would have turned into some huge gains (think 10+ points). Overall, I'm taking all my wins and losses as experience and hopefully learning from each of them.

My account is starting to form an IHS, does that mean it's about to burst!! Haha

 

[Decel]

Does the 1004 HoD count even if it's pre-market? I thought it would go and tag it again during RTH to "make it official" and have a double-top while at it...

 

[volente_00]

Quote from Decel:

Does the 1004 HoD count even if it's pre-market? I thought it would go and tag it again during RTH to "make it official" and have a double-top while at it...

WATCHDEMTDAYBOYZWORK

 

[satchel]

L 997