Short @ 1315,25. Stop @ 1316,25.
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
Out @ 1314,25. +1,25.
long 1314
HOWBOUTDEMR10BOYZ
5 trades. +1,25 points.
I feel confident about this week. I`ve made a few changes to my trading plan, nothing major. I have also reduced risk with 66% for the week and will stay at that risk level until I prove consistent.
I`ve added permanent space for 5-minute charts of YM and NQ on my second screen and a 1-minute ES chart. I will still continue using the TICK as I find it valuable, but I will weigh it less and be more selective. In the background I have an hourly + 15-minute chart for the ES, 15-minute chart for the NQ and YM. All for easy access. In truth, I should maybe have had another screen, but I think this will suffice as I will do most of my analysis on higher timeframes before starting the trading day.
Thanks to gkramer and NAD for the reminder about using higher time frames.
EDIT: Forgot to mention that I`m ready to let go of my sector screen. I will keep it on my IB list, but will only consider using it in very special situations. Hell, maybe I won`t use it again.
I will trade profitably this week. I`m tired of losing money and it`s about time I start getting paid
PS: gkramer (and others if you want to chime in): Do you use continuous charts (ETH) for higher time frames like 15 and 60?
Thanks,
LF
I feel confident about this week. I`ve made a few changes to my trading plan, nothing major. I have also reduced risk with 66% for the week and will stay at that risk level until I prove consistent.
I`ve added permanent space for 5-minute charts of YM and NQ on my second screen and a 1-minute ES chart. I will still continue using the TICK as I find it valuable, but I will weigh it less and be more selective. In the background I have an hourly + 15-minute chart for the ES, 15-minute chart for the NQ and YM. All for easy access. In truth, I should maybe have had another screen, but I think this will suffice as I will do most of my analysis on higher timeframes before starting the trading day.
Thanks to gkramer and NAD for the reminder about using higher time frames.
EDIT: Forgot to mention that I`m ready to let go of my sector screen. I will keep it on my IB list, but will only consider using it in very special situations. Hell, maybe I won`t use it again.
I will trade profitably this week. I`m tired of losing money and it`s about time I start getting paid
PS: gkramer (and others if you want to chime in): Do you use continuous charts (ETH) for higher time frames like 15 and 60?
Thanks,
LF
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