ES Journal Archive (2009 - 2010)

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Today I got the signal I've been watching for. The Nail Salon Index.
They have started shutting down. You know we are up shits creek when men stop getting pedicures and women stop getting manicures.

Holy recession/depression.
 
there were 2 es nq runs today..........as usual......there is nothing new, no re inventions from 100 years ago except tech stuff....livermore found the patterns that still work........ candles are many centuries old......still work same.....chop chop
 
Quote from JSSPMK:

Ammo, I believe you can make bigger returns in currencies at the moment
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it doesnt matter what highly correlated instrument you trade..

1 ES contract = ~125k USD lot

yes, there is more vol in EUR.. but catching a 100pip move is as difficult as riding 10points in ES
 
Quote from OTCkrak:

... but catching a 100pip move is as difficult as riding 10points in ES
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I don't believe that to be so. It's not a matter of position sizing, but a matter concerning average range expansion & amount of fake price action happening. Swing trading equity markets is more difficult in comparison to currencies at the moment. Intraday price action of course is a different matter. I believe Ammo is a swing trader, judging by his hold periods.
 
What's funny is I shorted it at 1108.75 and got stopped out at 1110. I had another order to short at 1112, and of course it then falls after hitting 1110.25 which was probably most shorts stop price.

So went long around 1106 and ended up positive for the day. I think I need to wait for good entries, and then if I pick a good entry, give it enough room so I don't get stopped out on stop runs or false breakouts.
 
Quote from JSSPMK:

I don't believe that to be so. It's not a matter of position sizing, but a matter concerning average range expansion & amount of fake price action happening. Swing trading equity markets is more difficult in comparison to currencies at the moment. Intraday price action of course is a different matter. I believe Ammo is a swing trader, judging by his hold periods.
More...
i've been looking at the eurusd charts for awhile and it does look like an easier trade, my backer wants to retire and doesn't want the change. i've reduced my size to half since jan 1
 
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