ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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I went long with a 1 point target and 1 point stop. Normally, I go with a 2 vs 2, but market was bouncing in small range.
My system indicated this would go to the long side vs the short side, and I did make my profit. However, it sure seemed to take a long time to get just 1 point. I was thinking to myself, maybe I should just kill the trade its taking so long, so I went down and turned on CNBC, and saw them say how happy they were that the President finally finished his speech and watch the market turn green.
So anyway, made 1 point. I am thinking about going back to sim for rest of the day. Things that I happy about is that I did use a stop and that it was the same distance as my target so risked 1 to make 1 vs risking 2 to make 1. Also, glad that I did not remove the stop or lower it as the market at 1st did go against my trade.
Prior trend for the day before going long has been bullish. Trend for week and month has been bullish. I am defining a weekly change to bearish trend a CLOSING break below the prior day's low. If someone wants to give me a better way to define a change to weekly trend feel free, or feel free to post when you think the market may change to bearish for more than a single day in a row.
My system indicated this would go to the long side vs the short side, and I did make my profit. However, it sure seemed to take a long time to get just 1 point. I was thinking to myself, maybe I should just kill the trade its taking so long, so I went down and turned on CNBC, and saw them say how happy they were that the President finally finished his speech and watch the market turn green.
So anyway, made 1 point. I am thinking about going back to sim for rest of the day. Things that I happy about is that I did use a stop and that it was the same distance as my target so risked 1 to make 1 vs risking 2 to make 1. Also, glad that I did not remove the stop or lower it as the market at 1st did go against my trade.
Prior trend for the day before going long has been bullish. Trend for week and month has been bullish. I am defining a weekly change to bearish trend a CLOSING break below the prior day's low. If someone wants to give me a better way to define a change to weekly trend feel free, or feel free to post when you think the market may change to bearish for more than a single day in a row.
As we can see, the market did go even higher than I thought. This is where if I had some runners, I could have made 1 point on 1st contract and 2 points on 2nd contract.
I'm seeing and hearing it. Suspected more likely it was dropping for a pop for that SPX run to 1050. But then again I've just gotten bullish after being bearish since mid 800's. :eek:Quote from Decel:
EURUSD lost its correlation with ES?
"The index that can't drop"...
edit: only somewhat jokingif you check the chart you will see it went down that week but wasn't sustained. Now we know you are blind as well as dumb! Plus it wasn't a call since there was no stop, but down it went that week!
Quote from MandelbrotSet:
No moron.
You said "this week we go down, 99%" and the market actually went up.
Duh ... nice to know who the frauds really are.
Gottcha number little rommy.
Bye now.
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