ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
Had a long trade on ES which was starting to move in my favor, then also went long NG about a 1/2 hour later when I saw a good setup. NG hit my target, so decided to bring up stop on ES and also bring down target on ES.
Well, ES shot back down and I got stopped out on that trade for around 1 point, and looks like I basically went back to BE.
Then saw NG looked like it wanted to trend even higher, so got back on NG and got a nice spike up before I even had time to do OCO for stops and targets, so decided to close it for a profit and this will be last trade for today, which ends the day at a profit.
Was looking for CL for a trade, but the price is either frozen, or I am still having problems getting correct data for my charts compared to real price, and may have to give up trading CL.
Well, ES shot back down and I got stopped out on that trade for around 1 point, and looks like I basically went back to BE.
Then saw NG looked like it wanted to trend even higher, so got back on NG and got a nice spike up before I even had time to do OCO for stops and targets, so decided to close it for a profit and this will be last trade for today, which ends the day at a profit.
Was looking for CL for a trade, but the price is either frozen, or I am still having problems getting correct data for my charts compared to real price, and may have to give up trading CL.
Glad to be profitable for the day, but its always funny to see ES after stopping one out, go back up and reach your original target.
However, the problem is on the day that you decide not to use stops, that is the day ES keeps trending in one direction leaving you trapped.
My original stop would not have been hit, but the problem being is once I decided to no longer go for a higher target I felt it was not worth having a wide stop just to get a small profit. Also, since the trade did go in my favor, the thought being that if the market did hit the higher stop, it would keep falling, and I was looking at that time either to make a small profit or a small loss. I did not want to bring the stop up to BE, because I did want to give the trade room to breath.
However, the problem is on the day that you decide not to use stops, that is the day ES keeps trending in one direction leaving you trapped.
My original stop would not have been hit, but the problem being is once I decided to no longer go for a higher target I felt it was not worth having a wide stop just to get a small profit. Also, since the trade did go in my favor, the thought being that if the market did hit the higher stop, it would keep falling, and I was looking at that time either to make a small profit or a small loss. I did not want to bring the stop up to BE, because I did want to give the trade room to breath.
- Status