ES Journal Archive (2011)

[Laissez Faire]

Quote from Buy1Sell2:

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.

The subjective nature of technical analysis

Turns out it probably was a bear flag after all.

I`m not sure how you are getting a short term uptrend? I look mostly at RTH charts and I don`t see an uptrend.

The downtrend I`m talking about starts today 09:30 on the 5-minute RTH chart.

 

[volente_00]

Quote from Buy1Sell2:

No. I never consider profits until they are booked.

So you have to exclude all current positions that are profitable? or just exclude the profits and at the same time calculate the max loss your stop would give you on all open trades?

sounds like an accounting nightmare

 

[Buy1Sell2]

Quote from Laissez Faire:

The subjective nature of technical analysis

Turns out it probably was a bear flag after all.

I`m not sure how you are getting a short term uptrend? I look mostly at RTH charts and I don`t see an uptrend.

The downtrend I`m talking about starts today 09:30 on the 5-minute RTH chart.

When the RTH and the Globex do not match up, I usually stay away.

 

[Buy1Sell2]

Quote from volente_00:

So you have to exclude all current positions that are profitable? or just exlcude the profits and at the same time calculate the max loss your stop would give you on all open trades?

sounds like an accounting nightmare

I only count money that has been booked. It's actually much simpler that way.

 

[volente_00]

Quote from Laissez Faire:

The subjective nature of technical analysis

Turns out it probably was a bear flag after all.

I`m not sure how you are getting a short term uptrend? I look mostly at RTH charts and I don`t see an uptrend.

The downtrend I`m talking about starts today 09:30 on the 5-minute RTH chart.

We hit the top of a downtrend channel on cash 5 day chart


http://finance.yahoo.com/q/bc?s=^GSPC&t=5d&l=on&z=l&q=l&c=



sideways to down unless the bulls break the top of the channel





39-40 Es is the 50% level of the move

 

[Laissez Faire]

Quote from Laissez Faire:

Sold 1136. Stop @ 1139.

Stopped @ B/E. Not confident enough about a sell off that I care to use a wider stop.

 

[SrRuthenate]

Quote from Laissez Faire:

Not seeing any long signals yet.

That's amazing. I see some short signals, but I ignore them on purpose.

 

[Laissez Faire]

Late entry, but I got back in @ 36 and can prove it with a screenshot if anyone cares

Still looking for the gap.

 

[volente_00]

Quote from Buy1Sell2:

I only count money that has been booked. It's actually much simpler that way.

So then you don't consider the trading account balance in figuring the 2 % rule ?

 

[Buy1Sell2]

Quote from volente_00:

So then you don't consider the trading account balance in figuring the 2 % rule ?

Yes but only the cash amount, not the open profit or open loss.