ES Journal Archive (2011)

[Laissez Faire]

Sold 1136. Stop @ 1139.

 

[volente_00]

10:30 reversal for the gap fill

 

[Laissez Faire]

Quote from Buy1Sell2:

Bear flag on which time frame?

5-minute.

 

[Laissez Faire]

Possibly trapped on that last entry

Will consider a long entry around 1140 if stopped.

 

[Buy1Sell2]

Quote from volente_00:

Do you exclude all of your trading account capital from the 2 % rule ?

2 percent is calculated on Total Liquid Net Worth. This would include the trading account--- Just have one now--used to have two since I decided not to trade around my position anymore.

 

[Buy1Sell2]

Quote from Laissez Faire:

5-minute.

My view is that we are in a very short term uptrend and I believe that we would need to be in a downtrend to be looking for a bear flag. Rather, a trader might look for a bull flag on the 60.

 

[Buy1Sell2]

The shorter the time frame, less validity is carried by flags.

 

[volente_00]

Quote from Buy1Sell2:

2 percent is calculated on Total Liquid Net Worth. This would include the trading account--- Just have one now--used to have two since I decided not to trade around my position anymore.

So if you decide to put a trade on right now in another market with a stop of not more than 2% tlnw, you would be including your current unrealized profit in your es short ?

 

[Laissez Faire]

Quote from Laissez Faire:

Sold 1136. Stop @ 1139.

Reducing risk to 1,5 points @ 37,50. That`s all they are getting

 

[Buy1Sell2]

Quote from volente_00:

So if you decide to put a trade on right now in another market with a stop of not more than 2% tlnw, you would be including your current unrealized profit in your es short ?

No. I never consider profits until they are booked.