ES Journal Archive (2009 - 2010)

[trader198]

no, I just use 10points stop overnight for ES, 20points for NQ, 50~70cents for CL. intra-day 2 to 3points maximum. intra-day 10cents to 20cents for crude. 5 to 10 pints for NQ
I read long-term chart too, if someone is willing to do a little bit long, for 100points move, I think at least 30points stop. that is fair enough R/R 1:3.
it is at the key daily chart price level. get to be careful. no sense to buy and hold it is under my EMA, but sell and hold may be a good choice with a 30point stop

Quote from NoDoji:

You're day trading; so you're using 100 pt stops now?

 

[Eko_Trader]

Quote from schizo:

The drop from 77 down to 66 was a frigging circus. I got mauled pretty badly on a few trades. Anyway, I think bulls are a bunch of whinos. Without their savior, Uncle Bernie, these morons are not to be trusted in any way, shape or form. Currently, I'm holding my short. Hope to bail out near 42-ish.

You're a better man than I. I don't hold anything overnight even though the market is a screaming sell @ the moment. These are crazy markets....seems like anything can happen

 

[trader198]

I am studying NG for tomorrow. I am cautious to ES. the arrow in NG represents ES current? that will be a big oops for 30point stop loss short sale. the complicated market will not tell you: under EMA, it is a sell or a buy. just keep in mind, technical anaylysis based decision is a gambling, any thing can happen in the market.

Quote from trader198:

no, I just use 10points stop overnight for ES, 20points for NQ, 50~70cents for CL. intra-day 2 to 3points maximum. intra-day 10cents to 20cents for crude. 5 to 10 pints for NQ
I read long-term chart too, if someone is willing to do a little bit long, for 100points move, I think at least 30points stop. that is fair enough R/R 1:3.
it is at the key daily chart price level. get to be careful. no sense to buy and hold it is under my EMA, but sell and hold may be a good choice with a 30point stop

 

[schizo]

Quote from trader198:

no, I just use 10points stop overnight for ES, 20points for NQ, 50~70cents for CL. intra-day 2 to 3points maximum. intra-day 10cents to 20cents for crude. 5 to 10 pints for NQ
I read long-term chart too, if someone is willing to do a little bit long, for 100points move, I think at least 30points stop. that is fair enough R/R 1:3.
it is at the key daily chart price level. get to be careful. no sense to buy and hold it is under my EMA, but sell and hold may be a good choice with a 30point stop

Trust me, your 30-point stop will get hit (and far sooner than you think). Man, you're getting me worried already. BTW stick to one instrument. Don't believe that you can become a jack of all trades. In the end, you'll just be another "master of none".

 

[Pekelo]

Quote from schizo:

Where did you get 1014 from?

Dude, you should really start listening. I explained it at least 3 times today already.
Also a few days ago YOU asked me how I use intraday the SMA bounce on the daily. Well, today was a very fine example, since the SMA 9 was the resistance and the end for the bull story.

So try to listen and you will lose less...

 

[schizo]

Quote from Pekelo:

Dude, you should really start listening. I explained it at least 3 times today already.
Also a few days ago YOU asked me how I use intraday the SMA bounce on the daily. Well, today was a very fine example, since the SMA 9 was the resistance and the end for the bull story.

So try to listen and you will lose less...

Oh, so sorry!!!

But, just to clarify, I have been completely absent today from this place until the very end when I made that post. You don't expect me to read everything written here prior to making such an asinine post, do ya?

Moreover, what the hell are you talking about? At the very least I post my trades in realtime and admit when I'm wrong. You, on the other hand, resort to hindsight analysis! BTW, although I've had a few losers, I actually ended the day in green. But whatever.

Lastly, it's true I inquired about your SMA but, again, you didn't expect me to actually use it, did ya? Your condescending attitude really pisses me off, you know that?

 

[smilingsynic]

Quote from schizo:

Where did you get 1014 from? Are you referring to the low made on 10/2, which is 1012?

It is a simple measured move, an old time trading technique.

1105.25 (swing high) -1041.25 (recent swing low) = 64

1077.75 (today's swing high) - 64 = 1013.75.

If 41.25 holds, there is an upside measured move right by 1108, which happens to be by two open gaps.

1038.50 to 1105.25 = 66.75

1041.25 + 66.75 = 1108

 

[schizo]

Ah, so it's a measured move, eh? Now I wonder why Pek didn't write "MM between 6/4-6/7 extended to 6/9" instead of the useless banter? Just how hard is that?

Anyway, thanks for taking the time to answer this noob.

 

[PACMAN1]

Quote from Rashid_G.:

You knew mid 90's was support, right?? Out 1815.5... my disease continues.. Went for a walk with game plan to hold til EOD or at least recent volatility (about 40 low to high.. 1825 or so??).. Well I walk in and "the force" exits me without my input... No compaining but just violate plan on the front line again and again..

Still not bad for a walk.. Done for the day.. at 1822 now.. grrrr..

I don't trade the breakouts I trade once it retraces then I enter in on the trade. I have never had sucess with breakout trading and I wait to see if support supports or resistance resists then on the retrace I enter. But you seem very successful at knowing the turning points anyway I wish you continued success in your trading.

 

[PACMAN1]

Quote from Rashid_G.:

The chart... See why I was not following the price earlier? The 1802 short "should" have been tried.. And on my long.. at least wait for the TL break to exit..

Just seen this chart and explanation.


Thanks