ES Journal Archive (2009 - 2010)

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Quote from Eko_Trader:

Break of the trendline above leads to Shizo's 35. Break of the 16 "support" leads to trouble if you're long.
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I've since changed my mind.
 
Got chipped up today, but made back 75% of my loss. Decided to stop trading, since I feel I am in revenge trading mode, and went to sim. 1st sim trade worked out so I guess I could have taken 1 more trade live.

I was able to start making back my money after not playing the chop ranges and instead going long the extreme levels.

Previous winning trades:
Went long at 1118 on ES 2 contracts. As market was stalling around that level, took 1 off at 1118, and then went long 2nd contract at 1116. What my mistake before is that I was going long for example at 1121, getting stopped out and then the market would rally. Also, on my good trades for example on CL took only 10 ticks when market went 40 ticks on a short.

Then also went long CL around 7254, and my plan was to take 20 ticks, so I went and walked around so I would not have to watch the screen. Came back and was up around 17 ticks, however as I saw it start to come back down, I decided to get out if it went back down to 15 ticks, and marketed out at 14 ticks. The market did fall after that so I was glad to get out at a profit for that trade, however, my ES trade did go much higher than my entry.
 
Quote from pokito:

my guess is market will close up...north of ES1030
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Man, I'll be more than pissed if we end the day at 35.

This amply illustrates the difference between merely making calls and actually trading what you call. One's on paper, the other on your cushy bottom.
 
Yup - in trading you can be absolutely right and STILL lose. Maddening.

Looks like DEMTDAYBOYZ for the win today.

Take a look at the daily candle :eek:
 
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