ES Journal Archive (2011)

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I've traded ES off and on for over 10 years, someone the other day asked why i didn't switch to the mini dow. I couldn't think of a reason. Dow goes up and down in single ticks whereas min movement on ES is 25 ticks. Anyone?
 
Okay, i need advise from you bulls and bears (apparently i am a pig!). I went long at 1214 (apols did not post) and now we are at nr 1224. Do i stay in or sell?
 
yes. Seriously i don't know but one consideration is we blew thru YHOD like a hot knife thru butter. But on the other hand are we just a bit ahead of ourselves and overbought in the shortterm? If so we could pullback to 1220 or even more? Buying & selling depends on your timeframe, does it not? How shorterm are you? that being said IMHO we may pullback a little from here, profit takers and from there who knows? Best of luck with your decision whatever it is :)
 
Quote from Visaria:

Okay, i need advise from you bulls and bears (apparently i am a pig!). I went long at 1214 (apols did not post) and now we are at nr 1224. Do i stay in or sell?
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Would you initiate a short position right here? That's technically your answer, but I would take off some if it were me at the very least.
 
I have data from another forum (which I cannot post here) which someone collected showing that for a given strategy, given amount price moved over X range, etc., that the expectancy is quite low on ES compared to YM and NQ (both of them I think). Only FESX/stoxx was worse. When the trades are held longer using this data, the expectancy improved. In other words, don't scalp ES (need to take my own advice).
 
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