ES Journal Archive (2009 - 2010)

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Quote from Pekelo:

IHS on the last 3 days chart. Could still go 3 pts lower to make it more symmetric.....
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...and 3 pts lower so we went. Then rallied up 6 pts...
 
Shizo, have you tried going for targets rather than hoping to nail a big swing via trailing it or whatever you use. If you haven't done so already, try SIMing it, you might be pleasantly surprised.
 
short 49. will close at the end of the day

Looks like 40 and lower is in the cards again. GDP and sentiment numbers tomorrow, they could both could be ugly.
 
Quote from lurefo:

Hey bro, I hope you've been racking up some points lately...

From the Nyse website: Program Trading Averaged 31.6 Percent of NYSE Volume during Aug. 16-20
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Hey, what's up? Thanks for the link. Maybe I'm getting senile but, back in the old days, you could palpably feel when the program trades kick into high gear. I don't detect much ruckus anymore.

Anyway, it's been a nonstop crap shoot for the last 2 weeks. As a permabear, I should be racking up some serious money but if I'm not giving back most of my profits, I'm getting my head bashed. What's worst, most of the big drops occurred in the AH session. It seems like these bots got me all figured out.
 
Quote from JSSPMK:

Shizo, have you tried going for targets rather than hoping to nail a big swing via trailing it or whatever you use. If you haven't done so already, try SIMing it, you might be pleasantly surprised.
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Well, you don't know how many times I gave back my profit in the last 2 weeks. With some trades, I was up more than 10 points. There has been a few times when I even lost money.

The problem could have been avoided had I just took the damn profit at reasonable targets.

With that said, I ALWAYS have hard targets in mind when trade is initiated, and that seems to be working against me at the moment. If you have specific suggestions, I'm all ears.
 
Quote from Eko_Trader:

short 49. will close at the end of the day

Looks like 40 and lower is in the cards again. GDP and sentiment numbers tomorrow, they could both could be ugly.
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GDP consensus according to Bloomberg 1.3 %.

Consumer sentiment expected 69.6.

As I see it the numbers have already been handed around to Wall Street. Otherwise this sell-off today doesn´t make "sense"...But hey, since when must anything related to Wall Street make sense ??? :cool:
 
Quote from schizo:

Well, you don't know how many times I gave back my profit in the last 2 weeks. With some trades, I was up more than 10 points. There has been a few times when I even lost money.

The problem could have been avoided had I just took the damn profit at reasonable targets.

With that said, I ALWAYS have hard targets in mind when trade is initiated, and that seems to be working against me at the moment. If you have specific suggestions, I'm all ears.
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You said it - reasonable targets. Maybe you lose out when you get too greedy. After all you are daytrading, not swing trading. No real suggestions as we haven't seen your method, we only see you reversing positions.
 
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