ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Did 5 longs.
1) Was getting pissed on how I was trading CL after some losses, so last night I placed a long no stop no target. Came back from gym, moved stop up past BE and was able to set target to .30 which it hit as resistance before, and target was filled, my best CL trade.
2) 1st ES long was stupid, no confirmation of any type of support on the chart no fib levels no previous support, nor did I wait for my indicator to reverse, for some reason just wanted to get long after the market pulled back. After taking 1 point of heat, I killed trade for a loss. I saw you all posting short, and although we were at a resistance, trend for day was long, so I decided I did not want to do counter trend trades for the day.
3) 2nd ES long, my indicator finally reversed, got in on exact bottom, and took 1.5 points, although it looked like I might have gotten full 2 points, but it could have hit and not filled.
4) 3rd ES long, and last trade for today since I have been over trading and not setting good limits for the size of account I trade with. I got in lower with 2 contracts since I had multiple confirmations, I had to chase a little since market hit my exact bottom but did not fill me. Because I was chasing, I screwed up my automatic order entry, and ended up having to manually get out of the trade at profit mind you but much smaller than I wanted. I got the 1st contract out at the correct price, and price did move higher for the 2nd contract, but the problem was when the market suddenly started to reverse, I felt panic, and killed the trade for a profit instead of just using BE as my stop. Of course the market then went higher.
Overall, I am happy how I traded today in that once I saw I made a mistake in my 1st trade, I manually closed it out instead of averaging down or moving my stop down. I am glad after that I was able to take my long trades at the places where I my charts gave me signals to go long except 1st trade. Just need to work on staying in a trade longer, which is what the automation is supposed to do.
1) Was getting pissed on how I was trading CL after some losses, so last night I placed a long no stop no target. Came back from gym, moved stop up past BE and was able to set target to .30 which it hit as resistance before, and target was filled, my best CL trade.
2) 1st ES long was stupid, no confirmation of any type of support on the chart no fib levels no previous support, nor did I wait for my indicator to reverse, for some reason just wanted to get long after the market pulled back. After taking 1 point of heat, I killed trade for a loss. I saw you all posting short, and although we were at a resistance, trend for day was long, so I decided I did not want to do counter trend trades for the day.
3) 2nd ES long, my indicator finally reversed, got in on exact bottom, and took 1.5 points, although it looked like I might have gotten full 2 points, but it could have hit and not filled.
4) 3rd ES long, and last trade for today since I have been over trading and not setting good limits for the size of account I trade with. I got in lower with 2 contracts since I had multiple confirmations, I had to chase a little since market hit my exact bottom but did not fill me. Because I was chasing, I screwed up my automatic order entry, and ended up having to manually get out of the trade at profit mind you but much smaller than I wanted. I got the 1st contract out at the correct price, and price did move higher for the 2nd contract, but the problem was when the market suddenly started to reverse, I felt panic, and killed the trade for a profit instead of just using BE as my stop. Of course the market then went higher.
Overall, I am happy how I traded today in that once I saw I made a mistake in my 1st trade, I manually closed it out instead of averaging down or moving my stop down. I am glad after that I was able to take my long trades at the places where I my charts gave me signals to go long except 1st trade. Just need to work on staying in a trade longer, which is what the automation is supposed to do.
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